Interested in Digital Strategy in Q4 2020? Download our FREE whitepaper on this topic. This is an exclusive promotion being run on LinkedIn.

  Please register (it's free!) or login to view the remaining preview.
If you are logged in, your referral link [?] is automatically included below.
EMBED CODE (Copy and Paste)


BENEFITS OF DOCUMENT

  1. Understand the Four Basic Financial Statements
  2. Recognize the shortcomings of traditional accounting in process improvement
  3. Become fluent in hard versus soft savings

DOCUMENT DESCRIPTION

Assessing the financial impact a project will have on the organization is a key milestone to getting leadership to support the project. Knowing what financial statement the project will affect is also important. Being able to ?speak finance? lends credibility to the business case.

In this module the 4 basic financial statements will be introduced. In the world of Lean Six sigma, there are hard savings and soft savings and they are not treated equally. A review of these so called hard and soft savings will be discussed. Then we identify and quantify project benefits including Cost of Quality issues, Hard, Soft and Balance Sheet Benefits and Cash Flow.

The mantra ?What gets measured . . . gets done!? People will behave according to how they are measured. When you have the correct metrics, the following results: the correct outputs are achieved, desired behaviors result, rapid and relevant feedback becomes available, progress towards achieving planned goals occurs, cultures change and financial performance improves. Understanding this is the focus of this module.

Got a question about the product? Email us at [email protected] or ask the author directly by using the form to the right. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: 008_Financial Management PowerPoint document

 

008_Financial Management

Sold by Michael Carter (this author has 96 documents)

$20.00

ALL FEES INCLUDED
Add to Cart
  

This business document is categorized under the function(s):

It applies to All Industries

File Type: PowerPoint (pptx)

File Size: 127.5 KB

Number of Slides: 19 (includes cover, transition slides)

Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.

Initial upload date (first version): Jan 6, 2015

Ask the Author a Question

Must be logged in Click here to log in






CUSTOMER TESTIMONIALS




SELECT CUSTOMERS

Since 2012, we have provided best practices to over 5,000 businesses and organizations of all sizes across the world—in over 130 countries. Below is just a very small sample of our customer base.



Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.



CUSTOMERS ALSO BOUGHT THESE DOCUMENTS

147-slide PowerPoint deck and supporting Excel workbook
$69.00
Excel workbook
$49.95
32-slide PowerPoint deck and supporting Excel workbook
$49.00
Author: LearnPPT
42-slide PowerPoint deck
$99.00
Author: Eldiablo666
47-slide PowerPoint deck
$69.00
145-slide PowerPoint deck and supporting ZIP
$69.00
Excel workbook
$49.00
105-slide PowerPoint deck
$39.50
15-slide PowerPoint deck
$39.00
Author: LearnPPT
26-page Word document
$29.00

 
RELATED TOPICS

TOP 10 TOPICS

Become your organization's resident expert on...

Digital Transformation
 
Strategy Development
 
Organizational Design (OD)
 
Performance Management
 
Post-merger Integration (PMI)
 
Organizational Culture (OC)
 
Business Transformation
 
Innovation Management
Interested in something else? Browse our 350+ Business Toolkits of best practices, each focused on a specific management topic.