101 Financial Solutions: Diagnosis and Remedy ON DEMAND

Overview

A manager’s success depends largely on his or her ability to manage a company’s assets. This mission is complicated by the interdependent nature of a company’s finances. One short-term financial problem, such as a cash flow shortage, can cause a longer-term credit problem, such as denials for bank loans. The successful manager must be able to quickly identify and resolve such short-term problems in order to prevent their long-term deleterious effects. This course is intended for effective business managers and entrepreneurs. Covering every facet of the daily management of a business’s finances, it is designed to help managers pinpoint, remedy, and prevent business and financial problems. In each case, it also points out potential ripple effects-the ways in which a problem in one sector can disrupt operations in other areas.

Highlights

Pricing. Unrealistic break-even point. Excessive cost-to-production volume. Weak sales mix. Potential loss of a contract, and more.

Prerequisites

None.

Designed For

CPAs.

Objectives

Recognize signs in the concept of revenue base erosion. Identify irrelevant cost factors when evaluating special orders. Identify causes of a high level of merchandise returns that can affect business. Identify the causes of low turnover of merchandise. Recognize trade-offs between excessive inventory ordering and carrying costs. Identify order costs and carrying costs associated with inventory management, and more.

Preparation

None.

Notice

None.