Understanding the Balance Sheet and Cash Flow Statement

Most managers understand the balance sheet, but can they use it effectively to manage enterprise wide results? Why is the cash flow statement such a critical financial statement? We will show you how to use the balance sheet effectively and how the cash flow statement provides a strong indication of the dealership’s financial health. Few dealerships utilize these tools in the management of their business. We will review both financial statements in order to understand and manage them and to explain how they pertain to the running of a successful dealership.

Specific topics include:

• The Equipment Dealer Balance Sheet Model Expectations
• Understanding the Balance Sheet Information
• Critical Balance Sheet Variables
• Compiling a Cash Flow Statement
• Understanding Cash Flow Items
• Managing Cash Flow in the Dealership
• Cash Flow Return on Investment and How to Impact This Ratio

Who should attend: Dealer principals, controllers new to the position or industry, and department managers will benefit from this course. Bringing your current financials will help you apply the model balance sheet expectations to your company, and compare them to your actual results.

Course Level: Overview
Length: 2 days
Class Size: Maximum of 25