Don't get lost in the numbers - learn how to identify the most important financial indicators in your business.
Smart business decisions rely on effective financial management. Identifying problems and initiating corrective action is important to maximize shareholder wealth and ensure sustainability. Financial indicators allow you to understand the overall health of your business and meet these objectives. In today's environment, gaining greater insights in your process and operations are crucial. Make effective decisions by using indicators to achieve your goals for earnings, cash flow, and capital management. Gain confidence in your decisions when the market is unstable. Learn the financial indicators for operational and industry benchmarks. Heighten your skills to improve performance, efficiency, and value. Understand the difference between efficiency and productivity. Visualize problem areas to take corrective action. Evaluate your cash flow and long-term options. Accurately decipher balance sheet and profit and loss to track indicators and trends.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Setting Your Goals
- Strategy
- Performance and Financial Indicators
- Understanding Your Line of Business Indicators
- What to Do When the Market Is Unstable
- Critical Success Factors
- Earnings and Margins
- Market Share
- Productivity and Shortcomings
Managing Your Balance Sheet
- Cash Flow
- Track Liquidity for ShortTerm Obligations
- Maintain Solvency to Absorb Risk
- Know Your Working Capital: Importance of the Cash Conversion Cycle
- Leverage
- Keep Liabilities in Check
- Strengthen Earnings to Sustain Investors
- Know Your Cost of Capital
Managing Your Profit and Loss Statement
- Profitability
- Set Revenue Goals by Using Compound Annual Growth Rates
- Compare Revenue per Employee With Your Industry
- Master Industry Benchmarks
- Process Improvement
- Efficiency: Analyze Output vs. Resources Used and Employee Performance
- Productivity: Determine Appropriate Quantity of Work and Target Productivity
- EBIT vs. EBITDA
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 6, 2020.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Lauritta Sowa
WiseOwlOps, Inc.
- Assists owners and senior management in increasing their effectiveness
- Over 30 years of experience in finance, analysis, and administration
- Brings diversified insights that reflect the trends and awareness required in today’s business world
- Supports her clients in facilitating change while increasing profitability, cash flow, and return on investment
- Her skills have been utilized by a variety of Fortune 500 firms and an array of businesses
- Specializing in Microsoft® Excel®, finance, and decision-making, she emphasizes the pragmatic skills necessary in today’s business environment
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
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- Course Manuals
- Executive Reports
- White Papers and Articles
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- State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.
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