FINANCE BASICS: CONNECTING THE DOTS
We encounter all levels of a corporate organization while holding client programs. Most of the time, our class participants are either in the finance function, or have some familiarity with finance basics. Usually, these are the people who have a slight look of terror on their face when the class starts—the ones who avoid eye contact. Occasionally, they will say, “I took accounting in college and I hated it!” Admittedly, accounting and finance isn’t for everyone. But everyone deals with financial matters every day, like it or not. on a personal front, your “revenue” is your paycheck. You have expenses just like any company (on a smaller scale), and what’s left over—net income in the business world—is what’s left for you at the end of the month.
A company’s assets include buildings and equipment. Your assets may include a house, a car, and furnishings. Your liabilities are your current mortgage or rent payment, and that car loan that’s due next week. TRI Corporation’s “Finance for Non-Finance Professionals” program does just that. It presents fundamental definitions, concepts, metrics and ratios to your essential non-finance employees, in an easily understood format using real-life examples from your company.