Financial Management E-Learning [English, Profit]

***BEST*** Financial Management e-learning!
Why the best? Because this e-learning explains the goals financials strive for, not only the financial reports and their meaning. No other finance training will explain the goals and how they are different to your private goals. Do you know when to follow your feeling regarding finance and when to work trying to achieve the opposite? 

The essence of finance will provide you with the knowledge you need to read all financial reports, know what to strive for, define actions to improve your performance and enhance your carreer.

Secondly we focus on realizing goals:
* Investment decisions
* Sales propositions financials
* Getting started with goals and ratio's
* Safeguarding people and assets 

Guide to Finance e-learning modules

The Financial Management e-learning modules belong together. For best results, you should study the modules in the order in which they are presented. All modules assume that you are familiar with the previous modules. Therefore, we do not advise you to skip modules or to start somewhere in the middle.

Part A: The essence of finance

1. Introduction to finance

1.1 Before you start 00:10 minutes
This section provides a general introduction to the Financial Management e-learning course. You'll receive practical information, tips on navigation, and meet the creators behind this course.
Keywords: #Micro-Learning #CourseOverview #NavigationTips #TimeNeeded #ExitAndContinue #Creators #Follow-up

1.2 The essence of Finance 00:15
Why is it important to learn about finance? What are your learning objectives? This section explores the field of finance, its key themes, and its historical evolution, setting the stage for your journey into financial literacy.
Keywords: #FinancialManagement #FinancialAccounting #ManagementAccounting #CorporateFinance #InternalControl #LearningGoals #ModuleStructure #FinancialHistory #FinancialHealth

1.3 Financial accounting principles 00:20
Financial reporting is a language, like English, Dutch or German, that conveys information to the reader. Everything that happens in an organisation is translated into financial reporting through the accounting principles. Learn to understand how this translation takes place using the seven accounting principles and the value cycle.
Keywords: #FinancialReporting #AnnualReport #financialStatement #AccountingPrinciples #RelevanceAndMateriality #Timeliness #Reliability #Prudence #Comparability #Consistency #GoingConcern #ValueCycle #DoubleEntryBookkeeping

2. Profit and loss statement

2.1 Profit and Loss Statement 00:20
This module introduces the P&L statement, explaining common misconceptions and how to correctly differentiate between costs and cash flow. Learn how to interpret the P&L to make informed business decisions.
Keywords: #ProfitAndLossStatement #P&L #Performance #Revenue #Income #Turnover #Sales #Costs #Margin #ProfitAndLossAccount #IncomeStatement #AccrualAccounting #VideoCostsVsPayment #StructureP&L #GoalP&L #RatioP&L #ProfitabilityRatio #SolvabilityRatio #InterestCoverageRatio

2.2 Analysing a Company’s P&L 00:20
Dive deeper into a company's P&L to uncover specific insights and identify areas for improvement. We'll guide you through eight steps to effectively review and take control of financial reports and initiate actions.
Keywords: #CompanyP&LAnalyses #LearningAction #ExplainingAction #CorrectingAction #GrossMargin #GrossIncome #GrossProfit #Discount #Budget #ReviewingFinancials #AnnualReportP&L #ToDoListP&L

2.3 Video of the P&L 00:10
This 10-minute video offers a comprehensive overview of how the P&L works, reinforcing the concepts covered in sections 2.1 and 2.2.
Keywords: #VideoP&L

3. Balance sheet

3.1 Understanding the Balance sheet 00:20
The balance sheet outlines what a company owns and who has claims on those assets. This module will help you interpret its structure and variations, providing key insights into a company's financial health.
Keywords: #BalanceSheet #StatementOfFinancialPosition #Assets #FixedAssets #CurrentAssets #MaterialAssets #ImmaterialAssets #FinancialAssets #TangibleAssets #IntangibleAssets #Equity #Liability #Debt #Solvability #BalanceSheetStructure #Depreciation #Amortization #Impairment #Debit #Credit

3.2 Goal of the balance sheet 00:15
Grasping the goal of a balance sheet is essential, as it often contrasts with personal financial objectives. This section ensures you understand these differences, enabling more productive financial decision-making.
If you go for a walk and assume that the destination is to the west, while your companion assumes that the destination is to the east, you will have a discussion at every crossroads and a very unproductive day.
Make sure you understand the differences between corporate and personal financial goals. If you cannot name them now, or perhaps have never considered the existence of differences, this e-learning course will be extremely valuable to you.
Keywords:#GoalBalanceSheet #ActionsForTheBalanceSheet #Non-ProfitDepartmentsAndCapital #CapitalStructure

3.3 Analysing a Company’s Balance Sheet 00:20
This module focuses on analysing an organization’s balance sheet to identify specific issues and potential improvements.
Keywords: #CompanyBalanceSheet #Gearing #Leverage #ReviewingFinancials #TradeReceivables #Factoring #CompanyAnnualReportBalanceSheet #ToDoListBalanceSheet

3.4 Video of the balance sheet 00:10
A concise 10-minute video summarizing the core concepts of the balance sheet, reinforcing the lessons from sections 3.1, 3.2, and 3.3.
Keywords: #VideoBalanceSheet

4. Cash flow statement

4.1 Cash flow statement 00:25
Cash in or cash out is not by definition good or bad. It depends on where the money is coming from or going to. This module explains the three types of cash flow and why "cash is king".
Keywords: #CashFlow #CashFlowStatement #CF #DirectCashFlowMethod #IndirectCashFlowMethod #Receiving #Paying #GoalOfTheCF #RatiosOfTheCF #OperationalCF #InvestingCF #FinancingCF #FreeCF #FinancialDistress #LiquidityRatio #CurrentRatio #QuickRatio #SolvabilityRatio

4.2 Analysing a Company’s Cash Flow Statement 00:15
This section provides a deep dive into a company’s cash flow statement, helping you identify peculiarities and areas for improvement.
Keywords: #CompanyCashFlowStatement #WorkingCapital #CompanyAnnualReportCF #ToDoListCF

4.3 Video of the CF 00:05
A 5-minute video that summarizes the workings of the cash flow statement, complementing the learning from sections 4.1 and 4.2.
Keywords: #VideoCF

5. A completed cycle

5.1 A completed cycle 00:25
In this module, we explore the interconnectedness of the Profit and Loss statement, Balance Sheet, and Cash Flow statement. You’ll learn how these reports relate to each other and the value cycle, and how they collectively reflect an organisation’s financial health.
Keywords: #EBIT #EBITDA #OPEX #CAPEX #DebitCreditAndTheP&L #ValueCycle

5.2 Take that seat Exercise 00:15
This exercise challenges you to apply your knowledge by examining the relationships between the three financial reports and the value cycle.
Keywords: #Game #Exercise #ReceivingGoods #SellingGoods #ReceivingCash #PayingCash #InteractiveExercise #FinancialReportRelationships #Hands-onLearning

5.3 Keywords 00:10
A brief overview of the essential keywords and concepts covered in the P&L, Balance Sheet, and Cash Flow modules.
Keywords: #Keywords #KeyFinancialTerms #Summary

5.4 End of the essence of finance 00:05
A summary of the five modules, with guidance on the next steps in your financial learning journey.
Keywords: #Documents #Feedback #NextSteps #CourseSummary

Part B: Realizing financial goals

Building on the first five modules from The Essence of Finance, the next five modules focus on goal setting and strategic action. You'll discover how to maintain control of your organisation, how to use metrics to optimise performance, how to identify lucrative investment opportunities and how to create compelling arguments to close deals effectively. In Short Part B, Modules 6-9 are all about achieving your financial goals. Module 10 provides a general summary and wrap-up.

6. Safeguarding people and assets

6.1 Safeguarding people and assets 00:20
Beyond providing accurate financial information and aiding decision-making, a key responsibility of financial managers is to safeguard both people and assets. This section demonstrates how governance rules, such as defining roles and responsibilities, are not merely bureaucratic hurdles but essential measures designed to protect you and your organisation.
Keywords: #InternalControl #RiskManagement #InformationSecurity #AuthorizationLevels #PDCAModel

6.2 Phishing and Fraud 00:15
Scammers constantly seek to exploit vulnerabilities for financial gain. In this module, you'll learn to identify phishing and fraud attempts, understand who is most likely to be targeted, and discover actionable steps to take if you find yourself in such a situation.
Keywords: #Phishing #Fraud #CEOFraud #SupplierFraud #EmployeeFraud

7. Getting started with goals and ratio’s

7.1 Financial goals in your Organisation 00:10
Effective action starts with the ability to interpret financial data and align it with your company’s financial objectives. This section addresses the complexities of connecting financial reports to your organization's strategic goals.
Keywords: #FinancialGoals #ProfitGoals #AssetManagement #TimeManagement #RiskManagement #GoalAchievement

7.2 Ratios to improve 00:15
Financial ratios are crucial for tracking performance across different areas, including operational efficiency, profitability (revenue vs. expenses), solvency (debt levels), and liquidity (cash availability). This module explains how to use these metrics to drive improvement.
Keywords: #CostCenter #ProfitCenter #CostCarrier #ActivityBasedCosting #BreakEvenPoint #FunctionalP&L #RegionalP&L #CategoricalP&L #ActivityRatios #Plan #Target #Variance #DaysInventoryOutstanding #DIO #DaysAssetsOutstanding #DAO #DaysDebtorsOutstanding #DDO #DaysCreditorsOutstanding #DCO #ProfitabilityRatios #ROA #RONA #ROCE #ROIC #SolvabilityRatio #EPS #EarningsPerShare #PERatio #RriceEarningsRatio #LiquidityRatio #CurrentRatio #QuickRatio #WorkingCapital #CashConversionCycle #NetCashFlowDays

7.3 Group and personal Ratios 00:20
Learn to define and apply financial ratios that resonate with both your company’s goals and your individual role, empowering you to make informed decisions and contribute effectively to the organization's success.
Keywords: #GroupRatios #PersonalRatios

 8. Investment dicisions

8.1 Investment goals 00:10
While Management Accounting focuses on the first two primary financial goals, this section introduces two additional goals from Corporate Finance that are vital for evaluating investments.
Keywords: #CorporateFinance #InvestmentDecisions #InvestmentProposals #Time #Risk

8.2 Essential Investment Metrics 00:20
When evaluating potential investments, financial professionals often rely on three core metrics: payback period, net present value, and internal rate of return. This section provides a detailed examination of each metric, enhancing your decision-making capabilities.
Keywords: #InvestmentMetrics #Capital #PaybackPeriod #ReturnPeriod #PresentValue #NetPresentValue #InternalRateOfReturn #VideoPBPAndNPV #WeightedAverageCostOfCapital #SensitivityAnalyses #VideoTheEssenceOfCorporateFinance

8.3 Keywords and tips 00:05
A summary of key concepts and metrics, along with essential tips for applying these tools effectively.
Keywords: #PBP #PV #NPV #IRR #WACC

9. Financials of a Sales Deal

9.1 Calculating and presenting the financials 00:30
To engage effectively with financial professionals, it's crucial to master the calculation and presentation section of tenders. This knowledge is also invaluable when seeking internal approval for investment. By understanding the Top-Ten on how to calculate and present you’ll strengthen your position and foster better decision-making.
Keywords: #FinancialProposal #PresentingFinancialProposals #CalculatingProposal #ScenarioAnalyses #FactVersusAssumption #HardAndSoftBenefits

10. Wrap up

10.1 TEDxTalk 00:20
The final module provides a comprehensive wrap-up of the e-learning course, featuring a TEDx Talk by Susan Marcussen that offers deeper insights into the material covered.
Keywords: #TEDxTalk #WrapUp

e-learning is available in Engligh ($,€,£) Dutch and German, for Profit and Non-Profit