Today’s Finance Basics

March 03, 2015
8:00am - 10:30am
Citizens Bank
3025 Chemical Road, Room 324, Plymouth Meeting, PA (map)
Add to Calendar 03-03-2015 8:00am 03-03-2015 10:30am 15 Today’s Finance Basics Today’s Finance Basics Citizens Bank, 3025 Chemical Road, Room 324, Plymouth Meeting, 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:
$475 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 – 3/3/15 – Understanding Your Financial Statements – Balance Sheet, Income Statement, Statement of Cash Flows, and footnotes review

Session 2 – 3/17/15 – 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 – 3/31/15- 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 – 4/14/15 – 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 – 4/28/15 – Return on Investment (ROI), Breakeven Analysis, What Financial Statements Don’t Tell You, Performance Measurement “Traps”, and a Course Summary