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Know Your Numbers
$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.
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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.
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Unusual Transactions |
High Debt Levels |
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High Employee Turnover |
Persistent Negative Cash Flow |
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Frequent Changes in Auditors or Legal Counsel |
Overreliance on a single customer or supplier |
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Excessive use of Manual Journal Entries |
Declining Market Share |
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Unusual Patterns in Financial Ratios |
Ineffective Internal Controls |
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Inconsistent Revenue Recognition |
Poor Corporate Governance |
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Inadequate Documentation |
Conflicts of interest |
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Reluctance to Provide Information |
Overly aggressive accounting practices |
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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
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