Learning Burst Products
Business Acumen: Your Key to Success.
Objectives
- Understand the different business models and the implications for a business
- The meaning and significance of key financial indicators such as Return on Equity
- Use financial analysis to maintain fiscal discipline and to make sound business decisions
- Recognize revenue and profit potential in business opportunities
- Manage a business’s overall financial performance (balance sheet, income statement and cash flow statement)
Course outline:
Introduction to Business Acumen
- Getting started
- The Financial Goals of a Firm
- The Importance of Creating Shareholder Value
- Commonly Used Terms in Finance & Accounting
How to Read a Financial Report
- Accrual Accounting and the Matching Principle
- Depreciation and Amortization
- Analysis of the Income Statement
Key Financial Indicators
- Assets and Asset Utilization
- Ways to Improve Asset Utilization
- Understanding the Different Measures of Profit and Profit Margin
- Key Financial Indicators
- Understanding Business Models TRY THIS ONE FOR FREE
- Understanding the Gross Profit Margins of your Product Mix
Cash Flow
- Cash Flow vs. Accrued Profit
- The Management of Working Capital
- Managerial and Cost Accounting
- Financial vs. Managerial Accounting
- Managing the Operating Budget
- Break-even Analysis and Operating Leverage
- The Cost of Capital
- Making a Business Case for Capital Spending
Target Audience
- High potential employees who are being prepared for their first management role
- First line and middle managers who need to understand better the business dimension of their activity
- Executives who need a refresher on business acumen
- Individual contributors who need to improve their business acumen
Length
Each Learning Burst takes about 20 minutes to complete