Finance for Everyone teaches financial tools and concepts including:
- Basic financial statements and their management uses: Income Statement (P&L) and Balance Sheet
- How market conditions impact business decisions
- The difference between cash and profit
- Fixed and variable costs
- Cost structure and capacity utilization
- Budgets and cash flow forecasts
- The impact of inventory build-up
- The need to control working capital
- Ratios as metrics for management (ROA, ROI)
- The specific financial metrics used by your company to gauge performance, and why they are used
- Effects of strategy changes
Playing all the major roles in an operating company - production, R&D, sales and marketing, management, and finance - participants get first hand experience with:
- Team decision-making in each area
- Generating financial statements
- Preparing budgets and forecasting cash flow
- Calculating basic ratios
- Comparing operating income and ratios to that of competitors
- Implementing change and measuring results
- Using ratios and other measurements to identify the 'buttons' which drive company performance and behavior
Take initiatives in everyday activities leading to reductions in costs, inventories, and working capital
- Work creatively with customers and suppliers
- Interpret operating reports and financial reports
- Prioritize and control costs
- Target profit opportunities
- Use historical and competitive bench-marking to improve your bottom line
- Better serve internal and external customers
- See how actions impact other areas of the company
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