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Overview
People who understand finance can speak the universal language of business and have greater success advancing their ideas and their careers. FIU’s course, Financial Plans and Budgets, focuses on the all-important relationship between financial goal-setting and the budgeting process. Armed with this knowledge, participants are better equipped to build successful businesses—their own or their employer’s.
This one-day course offers students a practical grounding in financial reporting, analysis, and decision-making that is relevant to any management function. Participants gain a working knowledge of key financial principles, processes and terminology essential to develop forecasts and use budgets to control and measure results.
Highlights
This course provides a solid foundation in the basic financial and budget processes that are used for business planning, measurement and control. You will learn how to read and comprehend key financial statements including income statements and balance sheets and to create budgets that align with organizational financial goals and plans.
The course includes a comprehensive overview of financial short- and long-term financial planning, and budgeting as well as working capital management and Return-on-Investment measures.
Unique Features
Our focus is on preparing you to make informed financial decisions concerning how to allocate resources and maximize returns on equity and investment. We present and discuss the type of real-world issues and trade-offs that managers confront when attempting to assess potential risk, balance budgets, and plan for growth.
Specifically, you will gain the ability to:
- plan and support financial decisions and funding choices related to investment and growth
- dissect financial reports and understand key metrics that determine business health such as ROI, ROE, debt-equity ratios, and profit margin
- produce budgets that align with organizational goals
- use budgets for decision-making, performance measurement and improvement
- analyze data trends affecting current and future profitability such as asset turnover,
- respond to financial questions from bankers, senior managers, and others concerning your financial plans
Participants
This course is designed for business owners and managers who are responsible for company and/or departmental budgets.
