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Financial Indicators That Every Business Should Know

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.

Runtime: 89 minutes
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Why Lorman?

Over 33 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 33 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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  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 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

Lauritta Sowa

WiseOwlOps, Inc.

  • 20 years of business and analytical training coupled with 30 years in finance and administration
  • President of WiseOwlOps, Inc. and an international consultant and trainer in finance and data management
  • Conducts regular seminars and workshops on a variety of financial, accounting, analytical, and Office 365® subjects and specializes in Microsoft® Excel® and data management
  • Strong communication skills as she is a columnist and author of numerous tutorials on finance, software, and analytics
  • Bachelor’s degree, CA Pacific University
  • Can be contacted at 805-434-7070 or [email protected]
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More Program Information

Why Lorman?

Over 33 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!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405331
Published 2020
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