Training Program: Financial Management  

Objective
To provide owners and key managers the financial information necessary to manage their business.

Who Should Participate? 
Owners, managers, personnel who have financial responsibility.

Benefits: 
• Make better business decisions based on a clear understanding of the companies financials

Training Description: 
• Understand the level of involvement you must take to manage the financial side of your business
• Learn the financial terms that you must know to manage the financial side of your business
• Understand the difference between mark up and profit margin
• Understand the importance of annual budget planning process (template provided)
• Income projection
• Expense projection
• Cash flow projections
• Learn to use your P&L (profit and loss) sheet to identify monthly financial concerns
• Understand the balance sheet and how it shows the long term financial health of your company
• Learn to measure your financial performance by using performance ratios of: profitability, balance sheet ratios, and efficiency ratios (templates provided)
• Discover how to use a cause and effect diagram to look for solutions when financial problems arise

Training Program Length:  One day

Training Location:  At your business or other suitable site

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