Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, case studies, and group exercises to apply the knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

Define the four key financial statements: balance sheet, income statement, cash flow, and changes in owner equity, as well as critical financial terms such as profit, margins, and leverage

Interpret the financial health and condition of a company, division, or responsibility center and use financial information for management and evaluation

Prepare an operating budget and relate it to the organization's strategic objectives

Apply capital budgeting techniques to evaluate long-term decisions in projects and capital expenditures

Use cost behavior concepts to calculate the breakeven point and enhance short-term decision-making

Target Audience

Managers, supervisors, and staff from any function, including finance, need to improve their understanding and usage of financial information.

Target Competencies

Understanding financial statements

Financial analysis

Preparing operating budgets

Making capital budget decisions

Financial decision making