Compass Consulting Associates: The Business System Lab for Operating-Level Teams: Finance Workshop (Day 3) Content Outline

Finance Workshop (Day 3) Content Outline

"Finance (the language of the business) is about making sound decisions with money."

Financial Accounting: Historical Measurement [Brief Overview]

The Basic Accounting Equation
Primary Financial Statements: Balance Sheet, Income, Cash Flow

Financial Analysis: Three Perspectives [Brief Overview]

Management Perspective: Margins, Assets, Profits
Owner Perspective: Market Indicators, Comparative Performance
Lender Perspective: Liquidity, Debt, Leverage

Managerial Accounting: Operational Decision Making [Major Emphasis]

Cost Behavior
Breakeven Analysis
Make or Buy Decisions
Working Capital
Current Assets and Liabilities
The Cash Cycle
Capital Expenditures
Time Value of Money
Budgets as Business Blueprints
Allocation Budgets
Flexible Budgeting

Alternative Accounting Concepts/Systems [Brief Survey]

Activity Based Costing (ABC)
Economic Value Added (EVA)
Cost of Quality (COQ)
Other Accounting Models