White Paper

The 7 Financial Indicators Every Manager Should Know

 
The Importance of Measurement
“If you can measure something you can understand it. If you can understand something you can control it. If you can control something you can improve it.” - Dan Sullivan, Strategic Coach
Key Performance Indicators:
A KPI is a measureable value that demonstrates how effectively a company is achieving key business objectives.
“A great KPI measures what matters!” - Bernard Marr
#1 - Growth Indicators
Growth Rate: Growth rates refer to the amount of increase that a specific variable has gained within a specific period. This typically represents the compounded annualized rate of growth of a company’s revenues, earnings and dividends.
Compound Annual Growth Rate (CAGR): The compound annual growth rate is the mean annual growth rate over a specified period of time longer than one year.
GP Growth Rate: Rate a company’s gross profit changes. Revenue – Cost of Goods Sold = Gross Profit. Current Gross Profit - Prior Gross Profit = Difference in Gross Profit. (Difference in Gross Profit / Prior Gross Profit) x 100 = Gross Profit Growth Rate.

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Kevin J. Bassett, CPA is a Managing Partner in the office of Bassett & Byers, P.A. His practice emphasizes all aspects of business planning, tax planning and Virtual CFO Services. Mr. Bassett conducts regular seminars, workshops and webinars in all matters of business and tax planning.

Agenda

Faculty

Kevin J. Bassett, CPA

Kevin J. Bassett, CPA

Bassett & Byers, CPAs, P.A.

  • Managing Partner in the office of Bassett & Byers, P.A.
  • Practice emphasizes all aspects of business planning, tax planning and Virtual CFO Services
  • Conducts regular seminars, workshops and webinars in all matters of business and tax planning
  • Creator of The Virtual CFO Advantage™ and The Tax Minimization Process™
  • Author of several publications related to business and tax planning
  • B.S. in Accounting, University of Florida
  • Certified Public Accountant
  • Board member of The CPA/Law Forum and The UNC Tax Institute
  • Can be contacted at [email protected] or 919-303-1049

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