Finance Basics
If you hope to understand the key elements of financial documents, unlocking the ability to decode balance sheets while positioning yourself to guide your manufacturing business into sometimes uncertain market waters, the DVIRC Finance Basics course is an excellent starting point.
Course Overview
For the uninitiated, finance can seem mysterious, complete with its own terminology, rules, and regulations. DVIRC’s Finance Basics course will enable you to confidently “speak the language” of business finance and understand how to leverage this new information.
The DVIRC Difference
DVIRC offers its financial management training for all managers and supervisors. The course is built around the Harvard Business Review (HBR) Guide to Finance Basics for Managers, and the 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 their company’s performance. Through the course of this program, you will gain a clear understanding of the sometimes-mystifying world of finance documents and terms: balance sheets, income statement, charts of accounts, cost of goods sold, even business valuation approaches. We also spend time discussing the things financial statements don’t tell you, not to mention common performance measurement traps.
The cost includes all course material, including industry financial ratio reports. Also, because DVIRC understands the value of team members sharing the same knowledge base and being able to jointly support decision making for growing and managing the business, we offer discounts for registering multiple attendees
As a bonus, session four includes a visit from a regional bank lending officer with credit management experience, who will explain the ways lenders analyze financial statements.
What You'll Learn
This program entails one half-day session per week, with DVIRC’s expert instructor leading the discussion regarding:
- Understanding and deconstructing financial statements
- Financial ratios
- How bankers view financial statements
- Managing assets to improve company performance
- Understanding Return on Investment (ROI), breakeven analysis, etc.
- Managing assets to improve company operating results
Benefits
Following completion of the program, participants will:
- Speak the language of finance
- Understand key elements of financial statements
- More effectively reduce their vulnerability to industry downturns
- Shift their focus from revenues to profits
Who Should Take This Course
DVIRC’s Finance Basics course is appropriate for individuals in all levels of management. It is structured to enhance the knowledge of small business owners and leadership team members, as well as non-financial management team members from larger companies.