Partners in profitability

General

Program Description

Partners in profitability

A 3-day module designed to build understanding of basic financial concepts and how individual and team actions impact a firm’s profitability. Managers will learn about the behavior of costs and expenses and why the control process is essential to success. Every employee impacts profitability. Employee understanding of the economics of the business is essential to profitability and growth.

TOPICS COVERED:

* Basic financial concepts
o What is profit?
o Business stakeholders

* The operating plan

* The financial plan:
o Budget
o Forecast
o Actual

* Performance management
o People
o Accountability
o Follow through

* Formulating SMART goals

* Use of financial statements

* Introduction to Accounting analysis

* Understanding cost behavior

* Discovering opportunities for cost-effectiveness

Last updated Sep 2020

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About the School

Currently, ASEBUSS is a private, independent institution, authorized and accredited by the Ministry of Education and Research to organize postgraduate academic programs.

Currently, ASEBUSS is a private, independent institution, authorized and accredited by the Ministry of Education and Research to organize postgraduate academic programs. Read less