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Finance. Simplified.
Finance for non-financial managers & leaders. Build confidence at work, able to analyze, evaluate, and communicate organizational finances.
What to expect
- A full day of learning and growth for non-financial managers and leaders
- Simplified financial concepts broken down into 6 modules
- Practical application of the topics to your organization
- Access to influential business professionals in our community
- Social hour featuring a panel of area leaders (financial and non-financial)
- In-depth dive into organizational finances
- Printed worksheets, quick guides, and other supplemental documents
- Bonus takeaways!
Is this for you?
- Do you feel uncertain when making finance-based business decisions?
- Do your eyes gloss over when people start talking numbers?
- Do you get nervous when someone asks you to look at financial statements?
- Do you feel ready to level up as a well-rounded business professional?
- Do you think you should know more about organizational finances but don't know where to start?
Our intelligence is not measured by how complex we can make
a topic, but rather by how simple we can make the complex.
The Schedule
Profits & Losses. Simplified.
Whether you are a seasoned finance professional or a manager just starting out, the Profit and Loss statement is the most widely used financial statement.
The P&L in itself is fairly straightforward, showing the total of revenues minus the total of expenses over a period of time. If your revenues exceed your expenses, a profit will be shown; if not, there will be a loss. However, depending on the size and complexity of your organization, the P&L can become confusing or more difficult to read.
This module will cover:
→ Definitions of key "line items"
→ How to effectively examine the P&L
→ How to influence numbers on the P&L and, therefore, profitability
→ Which ratios your organization should be tracking
Balance Sheets. Simplified.
If you are upper management or an owner of a business, it is imperative you know how to read a balance sheet.
Balance sheets provide a snap shot of your business' health at any given moment in time. It includes what the business owns, money that is owed to the business, money the business owes to others, and owners' equity or how much the owners' investment in the business is currently worth (from a book standpoint). The balance sheet is what we like to refer to as the Untold Story.
This module will cover:
→ Where things are classified and why
→ How to look at a balance sheet in a meaningful way
→ What could be hiding on your balance sheet if not closely examined
→ Which ratios matter the most
Cash Flow. Simplified.
The cash flow statement is the most underutilized of the three main financial statements.
There are so many operational goods in this statement, but the technical way it's presented can make it difficult to manually prepare. We all have varying degrees of influence regarding cash flow statements, but there are ways we can all cause certain changes to each category of the cash flow statements.
This module will cover:
→ What a cash flow statement looks like and what it tells you
→ What is a cash cycle
→ How to improve your cash cycle
Resources. Simplified.
Whether you're dealing with products or services in your organization, you have to deal with resources of all kinds.
Humans are the greatest of all resources. You can't become a company with lasting success without the people behind the magic, and in many organizations salaries and wages are the largest line item on the budget. Humans, along with inventory and equipment, must be closely examined and monitored to keep things moving in the right direction for your organization.
This module will cover:
→ Metrics for human capital
→ How to manage inventory
→ How to utilize equipment
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Forecasting. Simplified.
The term "budgeting" might bring up some old wounds of "if it's not in the budget" or the nightmare of trying to create a budget with minimal guidance.
Pricing is about so much more than the cost of inputs. Consider the market and competitive offerings as well, then defining your price range. With forecasting, you not only examine prices, you also dig into cost and the dreaded budgets. It doesn't have to be so overwhelming and confusing.
This module will cover:
→ Pricing - what is charged for sales/revenues
→ Cost - what are high level benchmarks for COGS and fixed cost plateau
→ Different methods of budgeting that are more flexible than the traditional "set it and forget it" budgets
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Value Creation. Simplified.
Establish trust and gain the confidence you need to present that big idea in a way that won't get shot down.
When presenting financials, there are some key tips to help you deliver the data in a clear, confident, and engaging way.
This module will cover:
→ How to establish your department as a profit center vs a cost center
→ How to paint with numbers to ensure your message is clear among the data
→ How to reveal the true Return on Investment
Panel & Social Hour
We will have a few area leaders, financial and non-financial, who are ready to share their stories, knowledge, and tips.
