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 Jan 2018

About the School

The Institute for Business and Public Administration from Bucharest (ASEBUSS) was founded in 1993 through a program financed by USAID – The US Agency of International Development (1993-1995). The Roma ... Read More

The Institute for Business and Public Administration from Bucharest (ASEBUSS) was founded in 1993 through a program financed by USAID – The US Agency of International Development (1993-1995). The Romanian-American School of Business, part of the Institute, has been organizing since 1993 The Executive MBA Program (EMBA) – the only American EMBA on the Romanian market in partnership with prestigious US universities. The academic alliance created by ASEBUSS and Kennesaw State University leverages the strengths of each program to the benefit of both students and faculty. Participation in this jointly designed academic experience prepares our students for a leadership role in tomorrow's business organization. Participants learn to manage the cultural, linguistic, technological and geographical boundaries by working within international teams of students to complete a variety of assignments and projects. The opportunity to learn from each other and from their respective employer organizations provides the first-hand experience that cannot be found in other EMBA programs. Currently, ASEBUSS is a private, independent institution, authorized and accredited by the Ministry of Education and Research to organize postgraduate academic programs. ASEBUSS activity is oriented in two main areas: the Romanian-American Executive MBA and the Continuous Education Department with programs in business and public administration. The Executive MBA of the Romanian- American School of Business is a postgraduate program for managers from private or state-owned companies, Romanian or multinationals, public utility companies, addressed to all successful executives who have to take important decisions, with increased impact on the business environment in Romania. The main objective of the school is to better prepare experienced managers in decision making, to provide them the basic knowledge and tools for dealing with the challenges of the transition to the market economy and to educate them to become international managers in a global market. Read less