We Get Started In

Day(s)

:

Hour(s)

:

Minute(s)

:

Second(s)

Know Your Numbers 2.0

$1,795.00

Who Should Attend Know Your Nunbers:

Business Owners, corporate C Suite executives, and advanced managers looking to develop their business financials understanding. This JRCI Financial Series is customized and designed to clarify your ability to understand your financial big picture better. Numbers tell stories. Do you clearly understand the story your numbers are telling you?

Numbers do not have to be intimidating. They tell a great story if you know how to read them. Through presentation, questioning, and group discussion, you will optimize your honing of financial skills and devise appropriate action with accountability to read your financial story better. All while developing solid relationships, helping others, and having fun.  This program will add value to those with all levels of financial knowledge.

14 in stock

Here's the Concept and What You Will Learn in Know Your Numbers:

Benefits:

Gained financial Self-Confidence.

Additional like-minded support network.

Financial Skill Set Development.

Greater ability to spot financial issues and take better action.

Business X/O development.

Elevated ability to apply what the numbers tell you.

Access to deeper levels of one-on-one financial skill set development.

How:

Unit 1: Financial Statement Analysis

Balance Sheet

Profit and Loss Statement

Income Statement/Cash Flow

Unit 2: Budgeting and Forecasting

Why this is important

Benefits of doing it

Consequences of not doing it

Where to begin

Unit 3: Performance Metrics / Financial Ratios to be Aware of

KPI’s why important/What to measure/Why

What to do with the information you have

Important Financial Ratios to Monitor and what they tell you

Unit 4: Financial Red Flags

Define what each is, how to detect it, and what to do about it.

Unusual Transactions

High Debt Levels

High Employee Turnover

Persistent Negative Cash Flow

Frequent Changes in Auditors or Legal Counsel

Overreliance on a single customer or supplier

Excessive use of Manual Journal Entries

Declining Market Share

Unusual Patterns in Financial Ratios

Ineffective Internal Controls

Inconsistent Revenue Recognition

Poor Corporate Governance

Inadequate Documentation

Conflicts of interest

Reluctance to Provide Information

Overly aggressive accounting practices

Inaccurate or delayed Financial Reporting

Unexplained Budget vs. Actual Variances

Unit 5: Economic Model of a Business/Specifically Cost Drivers

Internal Volume

Production Volume

Just-in-time inventory/delivery

Production Consolidation

Efficiency

Cycle Times

Manual Process Automation

Product/Service Design/updates

Process

Workflow streamlining

Automation/technology

Continuous Improvement

Quality

QC procedures and SOP’s

Rework and warranty expenses

Employee Development

External

Overhead

Energy Consumption

Outsourcing non-core functions

Occupancy Cost Management

Materials

Lower Cost Sourcing

Material/Resource Optimization

Substitutes or equilivants

Labor

Employee cross-training

Retention and Engagement

Temporary or Contract Labor Options

Unit 6: Cash Flow vs. EBITDA

Learn what each is and what they tell us.

Cash Flow = Net Income+Depreciatoin and Amortization +/- Changes in AR Balances+/- Changes in AP Balances+/- Changes in Invantory Balances +/- Changes in Other Current Assets or Liabilities

EBITDA =Net Income +Depreciation and Amortization +Interest Expense +Tax Expense

 The Details:

 

JRCI Faculty Specialized Team member/Trainer with solid financial knowledge will present the series

2 hrs. per Training Session

6 units

You will be provided course materials with support documentation and tools

You can join an Online or in-person hybrid cohort

Group training is designed to overview and create awareness of these topics.

Maximum of 20 participants

 

 

Reviews

There are no reviews yet.

Be the first to review “Know Your Numbers 2.0”

Your email address will not be published. Required fields are marked *