List of programmes

MEASURING BUSINESS PERFORMANCE

DESCRIPTION

In today's commercial environment, knowledge of business finance and measures of financial performance is essential if we are to achieve desired business results and discharge the responsibilities of our jobs effectively.

While it is usually not necessary that we become familiar with all aspects of all measures, we often need to know the principles of the key financial performance indicators and how to apply these to our own business unit.

With this knowledge, we are better equipped to make business investment and pricing decisions, use and interpret financial information and add value both in terms of profitability of our own organisation and meeting the needs of our commercial customers.

OBJECTIVE

The objective of this one day workshop is to assist business unit managers and other staff in developing their knowledge and understanding of key financial performance measures so that they are more confident in interpreting and dealing with financial information for decision making and are able to add value to their role in terms of both profitability and efficiency.

CONTENT

Topics covered in the workshop include:

• The balanced scorecard of performance measures
• Key measures of financial performance
• Sources of business finance
• The nature of the balance sheet and profit and loss statements and their use in measuring financial performance
• Profit and concepts used in its calculation (matching and accrual)
• Cash and non-cash costs and their effect on the bottom line and measures of performance
• Factors affecting an organisation's cash position and measures of liquidity
• Cost behaviour and how costs change with changes in business
• Using Cost Volume Profit analysis to show the impact of cost and pricing decisions on a firm's "break-even" point
• Cost of Capital and Economic Value Added
• Other measures of financial performance, including EBIT, Reduction of Operating Costs, Return on Investment and Return on Shareholders Funds
• Other tools to assist in evaluation of projects and investments - earned value, net present value and internal rate of return.
  

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