In today’s fast-paced and rapidly changing business world, every leader – and really, every employee – is responsible for managing the bottom line and driving success. To do that well, you have to clearly understand how to manage costs and identify other factors that significantly impact profitability. Additionally, you must understand, evaluate, and often define successful financial performance that drives overall desired results.
May 12-13, 2020
8:30 a.m. – 4:30 p.m.
Cost: $1,695* and includes all class materials, breakfast, lunch and refreshments.
Certificates will be awarded based on successful completion of the 2-day in-person training.
* A 20 percent discount will be given to companies that enroll two or more employees.
* A 10 percent discount will be given to TCU staff/faculty/alumni, U.S. veterans
Who Should Attend?
Experienced managers in non-financial roles who want to learn how to:
- identify key changes in operations that significantly contribute to improving the profitability of the organization
- present recommendations for improved profitability in a way upper management will understand and accept
What You Will Learn
Participants will take away a better understanding of key concepts and terms and gain practical insights into how financial information is used for decision making. Participants will leave the course with the ability to:
- identify how different types of costs impact financial performance
- appropriately manage costs to improve profitability
- project the profitability of business decisions
- prepare a department or company-wide budget
- implement appropriate ways to measure financial performance
- evaluate performance of various segments of the business
How You Will Benefit
Participants will understand how minor changes in costs can significantly increase profitability. A strong understanding of cost analysis, budgets, and performance evaluation will provide the skills required to make an impact on the success of your organization that executive management will notice.
- Cost behavior and factors that influence costs
- Cost-Volume-Profit Analysis
- Cost Allocation
- Projected profitability and analysis of operating decisions
- Evaluating Return on Investment (ROI)
- Cash Flow Analysis
- Segment Performance Evaluation
- Structuring Incentives for Improved Performance