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

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This course is Campus based
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3 days
Part-time
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