Agribusiness Finance for Non-Financial Managers
July 24 - 27, 2018
As financial goals gain increased visibility throughout all areas of the organization, it is more important than ever for non-financial managers to understand how their own decisions impact profitability. The Agribusiness Finance for Non-Financial Managers workshop covers the fundamentals of financial management in a way that reveals the story behind the numbers. A case study and team-based assignments allow for the application of concepts so you are prepared to use workshop tools in your own areas of responsibility. You'll also establish a foundation of financial terminology that you can use to communicate the financial goals and performance of your area to other parts of the organization, including your chief financial officer (CFO).
At this seminar, you will:
- Understand how your daily decisions impact the company's profitability.
- Learn key financial terminology you can use to better communicate with financial managers.
- Discover how to make more informed decisions by using financial statements.
- Apply practical financial tools for examining profitability to relevant agribusiness industry situations.
- Discuss the current financial market and its impact on agribusinesses.
Thinking Like a CFO
- Define and understand key financial terminology.
- Review the five key areas of financial management decisions – profitability, capital and debt structure, size and growth, risk and financial documentation, and shareholder value.
- Learn how to interpret balance sheets, income statements, and cash flow statements.
- Understand how managers use financial statements to assess a business' available resources.
- Determine business opportunities by applying the basics of financial benchmarking.
- Discuss how to conduct a financial health assessment and measure stakeholders' returns.
- Explore the elements used to calculate expenditures.
Financial Concepts — Profitability Analysis
- Use simple profitability ratios and analytical procedures to determine financial standing.
- Identify company trends by comparing current figures to historical performance.
- Evaluate a business in relation to its competition.
Financial Management — Practical Tools for Examining Profitability
- Discover how to extract data from financial statements to make decisions.
- Focus on using the profitability linkage model to analyze management decisions.
- Apply financial tools to relevant agribusiness industry situations using a case study approach.
Who Should Attend?
Non-financial mid- to upper-level managers who want to develop their understanding of business from a financial standpoint will benefit from the program. The seminar is intended for leaders who typically focus on sales, marketing, operations, or human resources activities; and whose responsibilities may include budgets, capital purchases, personnel costs, or other decisions that affect the company's bottom line.