Presents financial
tools and concepts:
- Basic financial statements and their management
uses - Income Statement and Balance Sheet
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- Why market conditions dominate business decisions
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- The difference between cash and profit, and the
need to manage separately for each
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- Budgets and cash flow forecasts and their value
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- Break-even analysis and what it tells you
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- The impact of inventory build-up and the need
to control working capital
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- Ratios as metrics for management (e.g. ROA, ROI)
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- The specific financial metrics used by your company
to gauge performance, and why they are used
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Provides experiential learning
across the business:
- Playing all the major roles in an operating company
- production, R&D, sales and marketing, management,
and finance
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- Team decision-making in each of these areas
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- Generating financial statements for their operating
company
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- Preparing budgets and cash flow forecasts
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- Implementing change and measuring the results
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- Preparing break-even graphs
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- Calculating basic ratios on their operating company
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- Using operating income and ratios to compare
to competitors
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- Using ratios and other measurements to identify
the 'buttons' which drive company performance and
behavior
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Transfers back to the
real-world job:
- Take initiatives in everyday activities leading
to reductions in costs, inventories, and working
capital
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- Work creatively with customers and suppliers
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- Interpret operating reports and financial reports
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- Prioritize and control costs
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- Target profit opportunities
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- Use historical and competitive bench-marking
to improve your bottom line
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- Better serve internal and external customers
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- Understand how and why their everyday
decisions and actions impact other areas of the
company
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Benefits of Finance for Everyone for
your employees:
- Develop a big picture understanding of the needs
of the business
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- Better able to take appropriate initiatives
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- Communicate rapidly and effectively with other
departments
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- Increased communication up and down the management
hierarchy
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- Greater sense of involvement
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Course Overview | Course
Outline
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