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:

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

Instructional Method: Self-Study

Review Date: 09/04/2018

Required Components: Written Materials

CPE Final Exam Required Passage Grade: 70%

Please Note: This course must be completed within 1 year of date of receipt of this course for CPE Credit.

Field of Study: Management Services

Level of Knowledge: Overview

Prerequisite: Basic Math

Advanced Preparation: None

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact FurtherEd at 866-273-0717.

FurtherEd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

101 Financial Solutions - 2018 (Text Based)

Overview

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