Developing Financial Acumen to Make Sound Business Decisions, Part 1 + 2
Warren Buffett notes that capital allocation is a CEO’s main responsibility. Put simply, to grow any business, executives must understand how and where to invest the capital their businesses generate. If capital is allocated properly, business value will grow; if capital is allocated poorly, business value will deteriorate. To effectively allocate capital, executives must be able to read, analyze, and interpret key financial statements as well as create and manage budgets that adhere to the cash flow dynamics of their organizations. In this course, you will develop a financial acumen skillset that will allow you to master these tasks, which serve as the foundation for understanding how and where to invest capital to maximize financial performance, and thus, firm value.
