Course Description
Discover how this one day dynamic instructor-led Business Finance Basics Training course will help you gain an understanding of financial statements and budgets necessary to make sound decisions about all aspects of a business. By learning how to read and interpret a few basic financial instruments, you can recognize opportunities to increase revenue and shave expenses, thus increasing your value to the organization.
By improving your financial know-how, you’ll empower yourself in many ways. In the Business Finance Basics Training Course, you’ll learn how to justify requests and translate performance into financial terms. You’ll be able to quantify your department’s contribution to the organization—and your own. You will communicate more effectively with your boss, upper management, shareholders, and other stakeholders about the financial results you have achieved and those you plan to deliver.
Course Objectives
Upon successful completion of the Business Finance Basics Training course, you will be able to: • Identify the advantages of analyzing financial information.
• Understand the purpose and benefits of budgets.
• Differentiate among various financial instruments.
• Conduct horizontal and vertical analyses using your organization's financial information.
• Recognize which ratios are most important to your organization
Agenda
Part 1: Reviewing the Basics
• A Quick Refresher
• The Balance Sheet Equation
• Glossary of Balance Sheet Terms
• The Income Statement
• Glossary of Income Statement Terms
• Ratios and Percentages
• Review
Part 2: Corporate Financial Statements
• The Consolidated Statement
• Your Company's Consolidated Statement
• Analysis
• Glossary of Additional Terms
• The Income Statement
• Your Company's Income Statement
• Changes in Financial Position
• Your Company's Changes in Balance Sheet Accounts
• Analysis
• The Cash Flow Statement
• Your Company's Cash Flow Statement
• The Statement of Retained Earnings
• Checklist
Part 3: Asset Management
• Management of Current Assets
• Managing Receivables Policy
• JOG Corporation Notes
• Projected Analysis for Your Company
• Calculations
• Inventory Valuation Methods
• Valuing Your Company's Inventory
• Depreciation
• Review
Part 4: Ratios
• Ratios Help Make Decisions
• Capital Stock/Market Ratios
• Limitations of Ratio Use
• How Ratios Affect Each Other
• The Makeup of Ratios
• Checklist
Part 5: Financial Planning
• Financial Planning
• Break-Even Analysis
• Margin of Safety
• Leverage
• Financial Leverage
• Drawbacks to Using Break-Even Analysis
• Decision-Tree Analysis
• Example of Decision-Tree Analysis
• Cost-Benefit Analysis
• Review
Part 6: Annual Reports
• How to Read an Annual Report
• Checklist