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FINANCIAL MODELING Training
ARE YOU
EXPERIENCING ANY OF THESE CHALLENGES? |
| • |
Want to learn how to use practical
financial management tools to improve everyday business decisions? |
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Would like to know day-to-day, rather than
month-to-month or year-to-year, how your company is performing? |
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Would like to learn how financial management
tools are applied for better financial control? |
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Wish your business decisions could be made
knowing more about potential bottom line impact? |
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Looking for a method to compare the bottom
line benefits of one decision over another? |
…If the answer is "Yes,"
then MMEC's Financial Modeling
training may be what you need.
PREREQUISITE: Basic
math skills required. Basic understanding of accounting basics helpful.
COURSE DESCRIPTION:
This course will go beyond traditional
accounting and cash flow models to explore financial models with
real-time data for more timely, proactive and accurate decision-making.
The course will focus on simple and manageable models based on direct
cause and effect relationships. It will allow quick scenario evaluation
and decisions. The course will provide detailed introductions to
various financial models including hourly break-even analysis, plant
P&L, shop load analysis, theory of constraints, most valuable
customer and activity based costing. Specific examples illustrating
these models in action will serve to further understanding of their
application and benefit.
LEARN HOW TO:
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Calculate minimum hourly rate
you can charge or bid out for your services in order to break
even. |
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Use a plant P&L to proactively manage
daily/weekly throughput and labor for profit. |
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Differentiate between an income statement
and a plant P&L and use them appropriately within your organization. |
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Understand your shop's fixed costs and how
to load the shop with sufficient jobs to make a profit. |
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Focus efforts on the critical operation
bottlenecks (constraints) in order to maximize throughput. |
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Analyze and focus on most valuable customers. |
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Gain a better handle on product, customer
and supplier costs by understanding the activity costs associated
with each. |
WHO SHOULD PARTICIPATE: Company
owners and business/financial managers.
COURSE LENGTH & FORMAT:
8 Hours; classroom presentation, case studies,
discussion, and Q&A.
CLASS SIZE GUIDELINES:
Public Event: 10 minimum
Private Company Event: Variable (depending on internal demand)
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ADDITIONAL INFO
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