Finance Basics

November 02, 2016
8:30am - 11:00am
DVIRC
2905 Southampton Road Philadelphia, PA (map)
$495 for 1
$425 for the second company participant and $375 for each additional company participant
Reserve Your Seat Add to Calendar 02-11-2016 8:30am 02-11-2016 11:00am 15 Finance Basics Finance Basics DVIRC, 2905 Southampton Road Philadelphia, PA DVIRC info@dvirc.org false DD/MM/YYYY

For all Levels of Management

(Based on the Harvard Business Review Guide to Finance Basics for Managers: speak the language; decide with data; manage profitably)

DVIRC is offering financial management training for all managers and supervisors. The course is built around the Harvard Business Review (HBR) Guide to Finance Basics for Managers.  Course material includes the HBR book and a sample set of manufacturing financial statements.  In addition, participants can bring their company’s financial statements to each session for guidance on your company’s performance.

Who should attend:
The course is structured to enhance the knowledge of the following participants:

  • Small company owners and leadership team members
  • Larger company non-financial management team members (sales, marketing, operations, quality, engineering, customer service, and administrative)
  • Financial staff  who would benefit from this review or for developing a higher level of skills to support advancement

What you will learn:

  • Speak the language of finance
  • Gain a solid grasp of the key financial statements
  • Size up your vulnerability to industry downturns
  • Shift your focus from revenues to profits

Course fee:

$495 for the first company participant, $425 for the second company participant and $375 for each additional company participant.
The cost includes all course material including industry financial ratio reports.  The benefit of registering multiple attendees is the value of team members sharing the same knowledge base and being able to jointly support decision making for growing and managing the business.

Session 1 – 11/2/16 – Understanding Your Financial Statements – Balance Sheet, Income Statement, Statement of Cash Flows, and footnotes review

Session 2 – 11/16/16 – Deconstructing Your Financial Statements – Chart of accounts design, trial balance review, balance sheet design, income statement design with in-depth discussion of cost of goods sold and overhead accounts

Session 3 – 11/30/16 – Financial Ratios – Profitability Ratios, Operating Ratios, Liquidity Ratios, Leverage Ratios, and Business Valuation Approaches with your company compared to your industry by SIC or NAIC.

Session 4 – 12/7/16 – Split Session! – How Bankers View Your Financial Statements & Managing Your Assets to Improve Company Performance – A regional bank lending officer with credit management experience presents how lenders analyze financial statements. Also, course material on managing your assets to improve company operating results

Session 5 – 12/14/16 – Return on Investment (ROI), Breakeven Analysis, What Financial Statements Don’t Tell You, Performance Measurement “Traps”, and a Course Summary

What other participants had to say:

“Although I had some financial training in business school, I thought this course would be a great way to reinforce those skills.  It definitely provided a good refresher and helped me polish some of the things I learned years ago.  Now I feel much more comfortable assessing balance sheets and cash flow reports, and understanding the business implications of what I’m seeing.  I would highly recommend the course.  I think it establishes an excellent baseline of understanding.  If a business needs to have coordination between a team of people, this course is a great way to put those team members on equal footing.”
Brian McNamara, President, Rusmar Inc.

“I attended the course with our controller, who has a business accounting background but not an educational accounting background.  We now have a much better understanding of what banks are looking for, the various presentation formats for different kinds of requests, how banks interpret what you’re bringing them, etc.  It’s also very helpful having access to the trainer for any questions that come up afterward.  This course would be beneficial for any executive-level person who needs to improve their financial knowledge—vice presidents of operations, general managers, even owners who need to brush up on their financial understanding would find this well worth their time.”
Walt Schroth, Chief Operating Officer, Eagle Design Group

“I attended the Finance Basics course with two associates who are both key players in our business. I wanted them to understand exactly what to be aware of, from a financial perspective when managing a company.  The DVIRC program delivered! The material and presentations were excellent, and Harry adds a great deal of value to the learning process.   I was pleased with the whole program, and I would definitely recommend it to others in the future.”
Tim Morris, President, James Spring & Wire