As a P&L leader, you are expected to know everything about your P&L. However, it isn’t fair to expect you to know it all, so we created this workshop based on our own experience. Over the past 25+ years, our team has worked as executives and P&L leaders. We have also worked with large, small, publicly traded, and private companies that have experienced similar challenges. The From Operations to P&L Leader Workshop is designed for employees without any accounting/financial background that are now managing financial statements and profitability.
Our workshop is held across 3 sections. The first covers the accounting basics. Next, we go in-depth about what P&L leaders need to know about accounting and financial statement basics. In the third section, we cover CAPEX, ROI, ROC, IRR, valuation, and revenue recognition. Finally, we show you how to successfully budget using our budgeting process.
EMPLOYEES THAT MANAGE THE FINANCIAL SUCCESS OF A DIVISION OR DEPARTMENT, BUT MAY STRUGGLE WITH UNDERSTANDING HOW THE FINANCIALS REALLY TIE TO THE OPERATIONS OF THE COMPANY (INCLUDING BASIC ACCOUNTING). THIS MAY BE AN ENTREPRENEUR OF A SMALL ORGANIZATION OR A P&L LEADER OF A MULTIBILLION-DOLLAR COMPANY
These workshops are given either in a classroom setting, one-on-one, or a self-study. Each workshop is a full day. The 3 days can be scheduled consecutively, spread out over a few weeks, or even a few months.
For our classroom setting hosted in Houston, TX, there are several opportunities to enroll in an upcoming 3-day in 3-month class. If you would like to host a classroom at your company, we can also schedule that.
The first day of the series is focused on answering the question, “what is accounting?” We look at the accounting cycle in every business. Then we dive into what a P&L, Balance Sheet, and Cash Flow Statement are. Finally, we tie how all these statements connect. The participants are also trained with tools that can immediately be used to improve financials in their organizations.
The second day of the series answers the question, “what else does a P&L leader need to know?” During the first part of the day, you will learn how banks think, what debt covenants are, what the cost of capital is, how to improve your creditworthiness and bank ratios. Then, we dive into cash management and treasury. You will also be able to identify both your financial KPIs and operational KPIs. You’ll learn other methods that will enable you to be more of a strategic leader in your organization.
The third day of the series focuses on defining CAPEX, ROI, ROC, IRR, valuation, and revenue recognition. Then, we expand on how to value your firm and how others look at your company. This includes EBITDA multiples, the Income approach, Asset approach, and Market approach. You will also learn when to recognize revenue. Finally, we focus on the basic budgeting principals and rules you need to be following. We also identify the most common budget problems and pitfalls. Then we expand on the critical elements of budgeting and how to be accountable.