Course Description
The ultimate goal of any manufacturing company is to make a profit. This leads to jobs for employees, a better work environment, and returns for stockholders. It is very helpful when all employees in the organization understand the big picture of how their company makes money and the factors that influence how much money the company makes. It is also very important for everyone in the company to understand the influence their specific actions and decisions play in the ultimate profitability of the company. This course communicates the importance of understanding manufacturing as a business and presents basic business concepts using decision-oriented exercises built around a fictitious company: The Yo-Yo Company.

Course Outline
Pre-test

Part 1: The Importance of Knowing the Facts
What is a Business? and Types of Business Enterprises
Types of Business Organizations
Types of Business Activities

Part 2: Categorizing and Recording the Facts
The Tools of Accounting
Accounts Unique to Manufacturing
Key Manufacturing Cost Terms
Costing Systems

Part 3: Reporting the Facts
Accounting Systems and Financial Statement Package
A Closer Look at the Cash Flow Statement

Part 4: Using the Facts to Plan and Evaluate
Budgeting
Variance Analysis
Yo-Yo Exercise

Post-Test

Customization
Outlines for each program can be tailored to suit your specific training needs.

Suggested Length
20 hours

Delivery Options
We will deliver training to suit your schedule. All programs can be conducted in increments as little as two hours per session or as long as 6 hours a session.

Cost
$100 per instructor hour plus a one-time $100 administrative fee per program
Participant materials are extra.