Financial Management Class for CEOs

by Michael Hsu

Course level:Intermediate

Course Duration: 5h 25m

Read your financial statement and make informed decisions
Understand the numbers sit on your financial statements
Learn how to use the numbers and make strategic moves
Learn the concept of cascading goals and see some cool examples
Learn how to set cascading metrics to build accountability
Use cash forecasting to understand your cash position and look ahead
Learn how to visualize the data and how to make data actionable

Course Curriculum

Week 1: Before We Start

What You Need to Know Before We Start

04:52
Common Mistakes Your Accounting Department Makes That Renders Your Data Unusable

05:45
Common Mistakes on P&L Why Cash Basis Accounting Doesn’t Work for Management

05:39
Common Mistakes on P&L: Inconsistent Above The Line Items

08:51
Common Mistakes on P&L – Miscategorized Below The Line Items

09:53
Common Mistakes on Cash Flow Statement

04:40
Common Mistakes on Your Balance Sheet

11:27
Bonus: Bad Data Is Worse than No Data

09:54
Quick Quiz

Week 2: Fundamental Business and Accounting

Overview: The Purpose of Each Financial Statement

04:13
Financial Demo: Profit & Loss Statement

04:01
Direct Labor – How to Measure Performance

07:06
Revenue Segmentation: How Do You Actually Make Money?

05:02
Profit Does Not Equal Cash, and You Need Both

02:47
Find Hidden Investment from Your Operating Expense

06:15
The Biggest Waste and Discretionary Piggy Bank in Your Operating Expense

07:40
Why You Should Separate Payroll & Payroll Tax

06:12
If Your Business is Already Profitable – What Should Be The Next Step

03:52
Financial Demo: The Balance Sheet

05:40
How Is Account Receivable Affecting Your Cash Flow?

03:45
How to Use Accounts Payables to Fund Your Business?

04:48
Our Favorite Liability Account from cash flow perspective

05:52
A Recap of 3 Financial Statements

06:43

Week 3: How to Set Goal x Crush It

Overview – What Do We Want to Accomplish

00:00
Set Goals 101: Activity Goals versus Result Goals

00:00
When Goal Setting Goes Bad

00:00
The Differences between Goals and Metrics

00:00
How to Use Driver Metrics to Identify Your Priorities

00:00
How to Distribute Your Goal to The Entire Organization

00:00
Bonus: Balancing Metrics to Avoid Contradictory

00:00
Demo: How Cascading Metrics Help Move Team Forward

00:00
Quick Quiz

Week 4: Cash Forecasting x Cash Management

What Does Cash Forecasting Do?

00:00
More Cash ≠ More Profits

00:00
How to Improve Cash Flow by 5 Levers

00:00
How to Leverage Time to Improve Cash Flow

00:00
Demo: How to Use Power of One Template to Improve Profitability

00:00
How to Use Cash Forecasting and Tie Back to Your Strategic Plans

00:00
Demo: How to Use Cash Forecasting and Tie Back to Your Strategic Plans

00:00
Who Needs to Be Involved in Maintaining Your Cash Forecasting Model

00:00
Demo: How Collect AR Can Help Improve Your Cash Forecasting

00:00

Week 5: Introduction to Key Metrics x Actionable Data

What is Vital Numbers x Cascading Metrics?

01:25
Decipher The Terminologies We Use for Goal Setting

04:34
How Often Should You Review The Numbers

03:43
How Do I Get The Numbers Needed?

02:29
Example: How to Build an Automatic Cascading System

04:13
Dashboard: Cascading System Example

03:54
Static Numbers versus Trend

02:31
Part I – How to Implement a Cascading System to Your Business

02:14
Part II – How to Implement a Cascading System to Your Business II.

02:14
Pro tip: The Mentality You Need to Implement The Cascading System

02:14
Should I Track Everything or What Should I Track?

05:01
The Art of Data Presentation: Do I Need a Cool Dashboard?

02:22

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Categories Executive, Financial

About Course

A 5-week financial management class with CEOs who need better insight and make instant changes to your business. This online class is tailored to business owners/entrepreneurial CEOs/entrepreneurs who don’t have a financial background (and don’t need one). Topics are covered from fundamental business to how to set key metrics for your business.

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Financial Management Class for CEOs

What I will learn?

Course Curriculum

Week 1: Before We Start

What You Need to Know Before We Start

Common Mistakes Your Accounting Department Makes That Renders Your Data Unusable

Common Mistakes on P&L Why Cash Basis Accounting Doesn’t Work for Management

Common Mistakes on P&L: Inconsistent Above The Line Items

Common Mistakes on P&L – Miscategorized Below The Line Items

Common Mistakes on Cash Flow Statement

Common Mistakes on Your Balance Sheet

Bonus: Bad Data Is Worse than No Data

Quick Quiz

Week 2: Fundamental Business and Accounting

Overview: The Purpose of Each Financial Statement

Financial Demo: Profit & Loss Statement

Direct Labor – How to Measure Performance

Revenue Segmentation: How Do You Actually Make Money?

Profit Does Not Equal Cash, and You Need Both

Find Hidden Investment from Your Operating Expense

The Biggest Waste and Discretionary Piggy Bank in Your Operating Expense

Why You Should Separate Payroll & Payroll Tax

If Your Business is Already Profitable – What Should Be The Next Step

Financial Demo: The Balance Sheet

How Is Account Receivable Affecting Your Cash Flow?

How to Use Accounts Payables to Fund Your Business?

Our Favorite Liability Account from cash flow perspective

A Recap of 3 Financial Statements

Week 3: How to Set Goal x Crush It

Overview – What Do We Want to Accomplish

Set Goals 101: Activity Goals versus Result Goals

When Goal Setting Goes Bad

The Differences between Goals and Metrics

How to Use Driver Metrics to Identify Your Priorities

How to Distribute Your Goal to The Entire Organization

Bonus: Balancing Metrics to Avoid Contradictory

Demo: How Cascading Metrics Help Move Team Forward

Quick Quiz

Week 4: Cash Forecasting x Cash Management

What Does Cash Forecasting Do?

More Cash ≠ More Profits

How to Improve Cash Flow by 5 Levers

How to Leverage Time to Improve Cash Flow

Demo: How to Use Power of One Template to Improve Profitability

How to Use Cash Forecasting and Tie Back to Your Strategic Plans

Demo: How to Use Cash Forecasting and Tie Back to Your Strategic Plans

Who Needs to Be Involved in Maintaining Your Cash Forecasting Model

Demo: How Collect AR Can Help Improve Your Cash Forecasting

Week 5: Introduction to Key Metrics x Actionable Data

What is Vital Numbers x Cascading Metrics?

Decipher The Terminologies We Use for Goal Setting

How Often Should You Review The Numbers

How Do I Get The Numbers Needed?

Example: How to Build an Automatic Cascading System

Dashboard: Cascading System Example

Static Numbers versus Trend

Part I – How to Implement a Cascading System to Your Business

Part II – How to Implement a Cascading System to Your Business II.

Pro tip: The Mentality You Need to Implement The Cascading System

Should I Track Everything or What Should I Track?

The Art of Data Presentation: Do I Need a Cool Dashboard?

About Course

Target Audience

Material Includes

Tags

Key Metrics That Top CEOs Track

Cash Management for CEOs

Financial Management Class for CEOs