Understanding financial concepts for a business often take a while for a leader or manager to fully grasp. This interactive program is meant to provide non-financial leaders with a clear understanding about the types of reports used to run a business and the value of Key Performance Indicators. It also reviews the purpose of a business and the 4 critical factors that determine the profitability of a business.
Course Content
- The purpose of a Business
- Net profit
- Return on investment
- Cash flow
- The 3 forms of expenses
- The story of a Business person who lost his way by looking at the wrong measure of performance
- Gross margin analysis
- Cost-Volume-Profit analysis
- Productivity analysis
- The productive capacity of a business
- Identifying and Monitoring Key Performance Indicators
- Working capital management and business strategy
- Management and control of working capital, with particular emphasis on cash flow, inventory management, receivable management, and payable control
- Understanding departmental budgets
- If you learn nothing else: Review of the 5 key financial management tools:
- Cost behavior and activity-based costing
- Gross margin analysis
- Cost-volume-profit analysis
- Productivity analysis
- How to identify and monitor your key business activities
Who Should Attend
People who have the need to review and understand budgets should be involved in this program.
Length of Program
Finance for Non-Financial People is a one day interactive program.
