Far too many new managers receive P&L statements or financial reports without fully understanding the information they contain or how to use the data to make effective decisions. Students will gain an understanding of how to read these reports, interpret their meaning and develop the ability to use the data to make effective decisions. In addition to understanding financial metrics and reporting, we help the student understand and speak the language of Return on Investment and Business Operations. Exercises will include defining financial concepts such as cost, sales, orders and ROIC and EBIT; defining how financials are gathered for an organization and practice in setting up effective program management plans for your organization. We will also provide training on the how-to of setting up and managing a specific budget for their area of responsibility.
