building finance into your management practices

By attending Building Finance Into Your Management Practices workshop, Participants will learn to:

  • Read and analyze an income statement
  • Anticipate the economic impact of decisions
  • Identify the economic signals that will enable to make better decisions
  • Integrate economic and financial performance into daily management practices
  • Evaluate and enhance the performance of department or business unit
  • Understand the meaning behind directives from finance and general management
  • Converse more effectively with personnel from finance and operations

The Building Finance Into Your Management Practices training course, participants will get to know the language of finance, which is essential in today’s corporate world. Participants will grasp financial reasoning, so they can understand the impact of their decisions. This background will enable them to determine which economic and financial indicators they must consider before making a decision. And think through what the impact of a bad decision will be.

Managers at all levels and project managers with decision-making authority who need a better grasp of finance to ensure profitability.

COURSE AGENDA

  • Knowing the components of the working capital requirement
  • Realizing how your decisions impact the working capital requirement
  • Predicting your company’s economic and financial developments
  • Understanding the key components of an income statement
  • Recognizing how activity level impacts profit and loss
  • Gaining insight into how decision-making affects results
  • Determining what conclusions you should draw from your company’s profit and loss statement
  • Understanding what the operating requirements are
  • Forecasting whether your decisions will create value

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