Andromeda Systems, inc.
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Business Basics - Learning Objectives


Course Summary
Learning Objectives
Course Outline
All Income/Outcome Programs




Presents financial tools and concepts:


  • The difference between cash and profit
  • Fixed and variable costs
  • The impact of inventory build-up and the need to control working capital
  • Basic financial statements – Income Statement and Balance Sheet
  • Standard financial measures (e.g. operating income, net income, ROA)
  • Your specific financial measures and corporate goals


Provides experiential learning across the business:

  • Investing in a business, generating profits and losses
  • Maintaining financial statements for their operating company
  • Choosing an area of the operation to improve
  • Monitoring the impact of receivables and inventories on cash flow
  • Using operating income to compare results to competitors
  • Implementing change and measuring the results


Transfers back to the real-world job:

  • Read an Income Statement and Balance Sheet, interpret department operating reports
  • See themselves in the business and know how they impact these financial reports
  • Make better choices in everyday activities leading to reductions in costs, inventories, and working capital
  • Look for shareholder value in their day-to-day decision-making
  • Build beneficial relationships with your customers and suppliers
  • Recognize the value of a customer
  • Better serve internal and external customers
  • Understand how profit is made and what they can do to improve bottom line results in their job
  • Understand how and why their everyday decisions and actions impact other areas of the company


Benefits of Business Basics for front-line employees


  • Take-away of a big picture understanding of the needs of the business
  • Better able to implement directives
  • Communicate issues that impact business results
  • Increased respect for management decisions
  • Greater sense of involvement



Course Overview   |  Course Outline


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