Making Strategic Financial Decisions

(Formerly "Financial Decision Making")

Accounting and financial concepts form the foundation of good business decision making, which enables managers to successfully achieve the goals of an organization. This five-part series introduces how correctly understanding an organization’s internal financial data is vital to managing daily operating activities, allocating resources, and evaluating performance. Gain essential knowledge that will increase your confidence when making internal financial decisions. In addition, the benefits of maintaining a sustainability perspective are addressed.

Topics

• Basic decision-making model and identifying relevant information
• Cost-volume-profit (CVP), break-even analyses, and contribution margin
• Operating cycle decisions
  • Determining unit costs for outsourcing and further processing decisions
  • Overhead allocation strategies and activity-based costing (ABC)
• Cost, volume and profit
• Investing and financing cycle decisions
  • Capital budgeting, time value of money, and the risk-return relationship
  • Net present value (NPV) and the internal rate of return (IRR)
• Evaluating internal performance
  • Comparison of budget to actual
  • Components of return on investment (ROI)
  • Impact of transfer pricing within an organization
• Putting it all in context: Incorporating a sustainability perspective

Learning Outcomes

As a result of attending this program, participants will:

• Recognize key criteria for making typical operating, investing or financing decisions
• Identifying relevant costs from financial information available to internal decision makers
• Utilize time value of money principles when evaluating alternative investment scenarios
• Make better business decisions consistent with creating long-term value for the organization

Who Should Attend

Managers and directors of departments who are responsible for organizational or departmental profitability.

Those considering this program should also consider Using Financial Analytics to Measure Core Business Performance, which offers a focus on external financial reporting. Together, these two programs provide an overview of accounting and financial concepts used to support effective operations and efficient utilization of resources from both an internal and external perspective.

Costs

Individual Participants: $695
Package Pricing: 1 class day per participant

Available Discounts