Course: Making a Profit in Manufacturing
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Date(s): January 26 and January 2021
Time: 1:30pm - 4:30pm and 8:30 am - 12:30 pm
Instructor: Steven Howell, CPA, DABFA, RBT CPAs
Cost: $225 for a single member, $200 each for two or more from the same company, $400 for non members
*Tuesday, January 26th 1:30pm - 4:30pm
Wednesday, January 27th 8:30am - 12:30pm
Who should attend:
- Supervisors • Team Leaders • Lead People • Department Heads
- Anyone with budget or financial decision making responsibility
Think like a CFO !
Should we add another shift? Can we afford that new machine? How much should we charge our best customer for the new widget we are making? What is the cost of scrap and wasted set-up time? To know the answers to these and countless other questions you need to be able to think like a Chief Financial Officer (CFO).
Let’s face it, manufacturers are in business to make money. Through case studies and examples participants will learn how a manufacturer can use financial ratios and other measures of financial performance to monitor its operations, effectively reduce risk, and maximize return. Topics of discussion will include understanding basic financial statements such as the balance sheet and income statement. We will also learn key performance ratios and how to apply them.