Overview: Two fundamental rules of good financial management, which, if followed, can help organizations avoid a host of finance mismanagement-related problems are explained in this and the next session. These rules have universal applicability and are not industry-specific. These are very powerful sessions and extremely important for everyone to understand and appreciate.

This course includes four modules of series II that lay emphasis on the following: A closer look at the balance sheet. This video takes a closer look at the structure of a balance sheet and discusses the various items in detail. It explains how liabilities represent 'sources' and assets 'uses', how organizations raise resources and the expectation of each lender, where the money is invested, and the need for working capital and its components.

Two rules of good finance management - An overview: Since bad finance management is the single most important cause of business closure, it is essential for every organization to practice good financial management in order to survive and prosper. In this session, you will learn that good financial management is the collective responsibility of each person in the organization and get a brief introduction to the two rules of good financial management.

• Rule 1 of good finance management managing profitability: This covers the concept of cost of capital, explodes certain myths associated with the terms, and emphasizes how it is critical to ensure that organizations generate returns that are at least equal to the weighted average cost of capital.
• Rule 2 of good finance management managing cash flow: In this module, besides elaborating on the second rule of good financial management, which revolves around effective cash flow management, you will learn how to read a balance sheet.

Course Package

• 4 Video tutorials
• Each video corresponds to one module (Each 1-2 hrs. long)