Learning Objectives
At the end of this program the participant will understand:
- the difference between cash and profit,
- fixed and variable costs,
- the impact of inventory build-up,
- basic financial statements – income statement, balance sheet, and
- why your company uses specific financial measures; operating income, EVA, etc.
Each participant will experience:
- generating financial statements for their operating company,
- using operating income to compare results to competitors, and
- choosing an area of the operation to improve.
Each participant will be better equipped to:
- interpret financial reports and control costs,
- reduce inventories and other working capital,
- better serve internal and external customers, and
- understand how their actions impact other areas of the company.