Finance Basics

PROGRAM OBJECTIVE:

Create an understanding for selected financial terms. Raise awareness of the impact of certain activities and decisions of employees outside the Finance Department on the financial performance of the operation.

TARGET GROUP:

Employees outside the Finance Department who have the power to make decisions, which impact the company's P/(L) or Cash Flow. For example: front line Salesmen or Salesmanagers who can give discounts, allowances or payment terms; Marketing Managers, who develop Promotions and need to understand the financial consequences.

TOPICS COVERED:

• The basics and principles of a Balance Sheet
• The basics and principles of a P/(L) statement
• Fixed and Variable Costs, Break-Even Point
• Marginal Contribution
• The basics and principles of a Cash Flow analysis
• Impact of payment terms on the Cash Flow performance

DURATION:

1 or 2 days depending on the intensity of exercises and whether or not a member of the company's Finance Department presents and discusses internal data (e.g. MCs for selected products).

CODE: FIB