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Becoming An Effective Manager: Business Acumen - Finance

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Course Format
  Video On Demand
Product ID
tquebaef_vod
Training Time ?
7 to 9 minutes
Language(s)
English
Video Format
High Definition
Required Plugins
None
Number of Lessons
5
Quiz Questions
3
Question Feedback
Wrong Answer Remediation
Lesson Bookmarking
Downloadable Resources
Interactive Producer
Mastery Training Content Network
Original Content Producer
TalentQuest
Overview

Accounting, finance, and economics are the tools companies use to make educated and appropriate business decisions. Managers who can leverage their knowledge of, and familiarity with, these tools add value to those companies. Key Performance Indicators, or KPIs, track progress toward set goals and are also a measure of corporate success. This management training course helps leaders to better measure these goals and contribute to them, as well as create sound business plans.

Businesses keep score of financial performance through accounting practices. Expenses, revenues, and capital, which are key metrics for evaluating corporate health, are tracked via accounting. As a manager, you will learn how to create a budget, and understanding historical financial data is the first step in doing so. You must also appreciate how economics, outside forces, can impact fiscal projections. This course gives many examples of these key concepts, as well as concrete definitions and examples of critical financial terms and documents.

Without a strong financial foundation, a company cannot be successful. And without a solid understanding of the various financial languages involved in a business, a manager cannot be an effective leader or piece of the corporate puzzle. Utilize the information presented in this training video and help create a healthier and more fiscally sound company.

Audience

Managers, supervisors or aspiring managers

Topics
The course presents the following topical areas:
  • Introduction
  • Accounting
  • Finance
  • Economics
  • Summary

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