101 Financial Solutions - 2018 (Text Based)

A manager's success depends largely on his or her ability to manage a company's assets. This mission is complicated by the interdependent nature of a company's finances. One short-term financial problem, such as a cash flow shortage, can cause a longer-term credit problem, such as denials for bank loans. The successful manager must be able to quickly identify and resolve such short-term problems in order to prevent their long-term deleterious effects. This course is intended for effective business managers and entrepreneurs. Covering every facet of the daily management of a business's finances, it is designed to help managers pinpoint, remedy, and prevent business and financial problems. In each case, it also points out potential ripple effects-the ways in which a problem in one sector can disrupt operations in other areas.

Learning Objectives:

1. Recognize signs in the concept of revenue base erosion.
2. Identify irrelevant cost factors when evaluation special orders.
3. Identify causes of a high level of merchandise returns that can affect business profits.
4. Identify the causes of low turnover of merchandise.
5. Recognize trade-offs between excessive inventory ordering and carrying costs.
6. Identify order costs and carrying costs associated with inventory management.
7. Recognize how the economic order quantity (EOQ) applies to inventory management.
8. Identify technologies used to improve inventory tracking and management.
9. Recognize reasons that create a lack of inventory storage space.
10. Identify concepts used in the analysis of profitability.