The demands are high to be selling, managing, developing, and economic knowledge on time in the growing number of positions. Companies' strategic ability is measured by a number of key figures, so it is important to understand the economy to make good decisions.
The program focuses on the benefits of
- Internal and external reporting
- Business economy, key concepts and measurements
- Analysis of income statement and balance sheet
- Effects on positive cash flow
- Control with KPIs
- Budget based on the business plan
- Investment decisions
- Critical decision points
- Correct calculation method to achieve profitability
- Price adjustments and the effect on profitability
- Limit risk by economic analysis
Objectives
To develop practical skills and enhance your financial skills in order to make better decisions for more profitable and safer business.
Operation
Meetings supplemented with exercises. Learning from real life situations in business.
Teachers
You meet a qualified teacher who knows the terms of a management team.
- You get supportive study material.
- You strengthen your position in line.
- You get trained in problem-solving.
- You turn knowledge directly into practice.
- You broaden your knowledge in management.
PROGRAMME CONTENTS:
Business account structure and usability
From financial report and business economy understand key concepts, measures and methods. Why there are different formats for the accounts and what purpose it serves. The company's main financial source is to always make a profit so that positive cash flow occurs.
Managing ratios
Business accounts make it possible to predict economic activity and to assess the financial position, i.e. the ability to pay the company has and how profitability develops. This also applies to be pro active in how the capital structure of the company should be.
Cost analysis and profitability strategy
Income and expense analysis is the basis for financial planning and decisions. The trick is to calculate, interpret and evaluate eg critical volume and volume changes. Acquired resources in a company is refined into products and services so that revenues and expenses consumed to gain will be achieved. Product Costing intends to obtain the "right" price through various methods.
Business Planning and Budgeting
Strategic and operational plans are the most important documents for budgeting. Unfortunately in many companies the budget process still remains as an independent activity. Budgeting can be done in several ways and we focus on what you may find useful in everyday life. It also addresses the allocation of resources to manage the business effectively.
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