Learn valuable financial management tools so that you may develop proficiency in producing and reading financial statements.
This course will provide numerous benefits for your business and its strategic planning. It will provide clarity and direction on how to ensure everyone in your organization is aligned with the same goals. It will look at performance measurements that will help you identify areas of strength and areas that need improvement. The program will look at making data-driven decisions and the financial health of your organization to help maintain a healthy bottom line. This topic will take a look at a case study that will allow you to draw lessons from real life scenarios. Incorporating these items into your business planning process will result in a well-informed, data-driven, and strategically sound approach to achieving your objectives.
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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
Best in Class
- Concentrate on What Will Produce Results Rather Than on the Results , the Process Rather Than the Prize. -Bill Walsh
- I Skate to Where the Puck Is Going to Be, Not Where It Has Been. -- Wayne Gretzky
Vital Business Objectives
- What Are the Initiatives for the Upcoming Year?
- What Specific Strategics Will You Implement?
- What Are Your Critical Success Factors?
- What Tool Will You Use to Accomplish This?
Balanced Scorecard
- Financial Perspective
- Customer Perspective
- Internal Process Perspective
- Learning and Growth Perspective
- Objectives
- Measures
- Targets
- Initiatives
Excel Templates of Value
- Liquidity Ratios
- Profitability Ratios
- Leverage Ratios
- Efficiency Ratios
- Productivity Ratios
- Sales Performance
Strategic Profit Model
- Net Income Before Tax
- Asset Turnover
- Return on Assets
- Financial Leverage
- Return on Equity
Break Even
- Margin Increase
- Expense Decrease
Industry Data
- Flaws
- Benefits
- Improvisations
Case Study
- Playmaker LLC
- Financials as of 12.31
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Credit
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 October 18, 2023.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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.
Faculty
Theran J. Welsh, CPA
Playmaker, LLC
- Playmaker, LLC
- Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and ensure their tax structure is a model to support a sustainable organization
- He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
- His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
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Credit
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
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
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You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
