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Are you a California CNA?
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.
Course Publication Date: March 19, 2023
This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $105.00!
| Author: | Delta CPE |
| Course No: | MGMT-SOLUTIONS-4853 |
| Recommended CPE: | 10.50 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Management Services
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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.
- Recognize ways to reduce the break-even point, and limitations of break-even analysis.
- Recognize how to apply cost-volume-profit analysis.
- Identify the problems of a weak sales mix and the causes of falling sales or profits.
- Identify the risk-return trade-off.
- Recognize components of interest rate risk.
- Identify factors relating to a lack of diversification and increased risk.
- Recognize signs of existing or potential financial problems.
- Recognize influences that can adversely affect the market price of a stock.
- Identify the objectives of debt rating services and some bond terminology.
- Recognize characteristics of evaluating stock prices.
- Identify the conditions when bankruptcy looms.
- Recognize steps management can take to avoid business failure.
- Recognize uses of the Altman Z-Score for spotting risky companies.
- Identify measures that a company can take to avoid a takeover threat.
- Recognize common ratios used by companies to help manage cash positions.
- Identify ways to improve cash flow and return on surplus funds.
- Identify early warning signs of a company going broke.
- Identify ways to minimize the impact of vendor's price increases.
- Calculate the advantage of accepting vendor terms and discounts.
- Recognize the reasons for poor credit ratings.
- Identify methods to prevent check signing fraud and improper payments.
- Recognize commonly used financial ratios that help spot liquidity problems.
- Identify early warning signals for inadequate liquidity.
- Recognize ways to improve return on investment and how return on equity is calculated.
- Identify methods to identify a low rate of return and the signs for poor quality of earnings.
- Recognize how to determine the stability/instability in product revenue over time.
- Identify the causes for excessive labor costs.
- Recognize the concept associated with operating leverage.
- Recognize the applications of activity-based costing.
- Understand how a profit-maximizing firm would adjust prices at different levels of demand.
- Identify how actual costs can exceed standard (budgeted) costs.
- Recognize how to compute an efficiency variance.
- Recognize ways to spot record-keeping errors.
- Recognize the characteristics of different corporate structures used to affect tax planning and preparation.
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