Go from No Confidence to Pure Competence
Does the idea of learning business math make you break into a cold sweat? In about 3 hours we can overcome those fears and break down the complexity into easy to remember techniques that will have you interpreting the numbers and making fact-based decisions with confidence. Maybe you’re an entrepreneur who wants to better understand how to analyze your financial data. Or perhaps you work for a company in a non-financial capacity and you want to make greater contributions by broadening your understanding of finance concepts. If so, this course is for you. Here is the approach we will take:
What you’ll learn
- Refresh your understanding of percentages, ratios, decimals, fractions and exponents.
- Develop and/or strengthen your Excel skills using formulas and templates.
- Learn time value of money concepts and calculations using real-world examples.
- Understand the difference between simple and compound interest and the associated calculations.
- Learn 3 ROI (Return on Investment) calculations and their importance.
- Become familiar with income statements, balance sheets and financial ratio analysis.
- Appreciate the importance of budgets, forecasts and perform variance analysis.
- Examine the math typically used in market research & risk management activities, including statistical analysis.
- Learn data analysis techniques & formulas, unleashing the power of Excel.
- Calculate internal rate of return (IRR) using Excel and understand its importance in the leasing industry.
- How to calculate simple and complex probability and place a monetary value on an uncertain outcome.
- Perform breakeven analysis for both units and dollars.
Course Content
- Introduction –> 2 lectures • 9min.
- Foundations of Business Math –> 1 lecture • 17min.
- Financial Math –> 3 lectures • 32min.
- Accounting Math –> 3 lectures • 24min.
- Monitoring Efficiency –> 2 lectures • 28min.
- Monitoring the Budget –> 2 lectures • 21min.
- Market Research & Risk Management Math –> 4 lectures • 43min.
- Conclusion –> 1 lecture • 3min.
Requirements
Does the idea of learning business math make you break into a cold sweat? In about 3 hours we can overcome those fears and break down the complexity into easy to remember techniques that will have you interpreting the numbers and making fact-based decisions with confidence. Maybe you’re an entrepreneur who wants to better understand how to analyze your financial data. Or perhaps you work for a company in a non-financial capacity and you want to make greater contributions by broadening your understanding of finance concepts. If so, this course is for you. Here is the approach we will take:
- Refresh our understanding of math basics, including percentages, fractions, decimals, ratios and exponents
- Warm up our Excel skills with some statistical functions, formulas and budget templates
- Walk through time value of money concepts
- Learn the difference between simple and compound interest, along with Excel formulas to make it simple
- Understand return-on-investment and analyze internal rate of return using Excel
- Analyze an income statement and become familiar with the key metrics
- Monitor costs and efficiency while identifying the breakeven point for your business using Excel
- Become conversant in statistical concepts such as mean, median, and standard deviation using Excel
- Analyze a balance sheet and calculate the key ratios
- Calculate probability for simple and complex scenarios and put a monetary value on uncertain outcomes
We will learn everything described above using nothing more than the 4 basic math operations (addition, subtraction, multiplication, division). Some lectures are reinforced with Excel demos – strengthening your Excel skills as we progress.
Change your mindset from “I am not a math person” to “I understand business math” and take charge of the numbers and your career!