Develop and Train to Retain Your Best
Develop and Train to Retain Your Best

Financial Management I: Foundation

Part one of two in our Financial Management Program is perfect for those with a desire to learn more about accounting principles and how documents flow through a financial statement. It doesn’t matter if your experience is working inside the accounting department or in one of the operational departments, you will broaden and deepen your knowledge about the format and flow of dealership financial statements. Plus, you will become acquainted with the “jargon,” key performance indicators (KPIs), and best practices of well-run variable, service, and parts departments. This training is appropriate for veteran managers to refresh and enhance basic financial analysis skills, and for those newer to the automotive industry or their position.

In this course, students will experience instructor-led interactive discussion, department analysis tools, and classroom lecture. This course will utilize Guarantee of Action (GOA) plans to provide a roadmap for improvement that is individualized for each student.

Class Length: 2 ½ days

Key Objectives & Competencies:

  • Increase targeting of expense reduction opportunities
  • Learn the structure of the financial statement: balance sheet, income statement, and departmental operating pages
  • Understand cash flow versus net profit
  • Learn to convey numbers to bridge the gap between operations and accounting
  • Recognize fundamental key performance indicators (KPIs) in operating departments
  • Improve cash flow through a better understanding of the balance sheet
  • Know where the numbers come from and track changes in assets, liabilities, and equity
  • Perform calculations for dealership inventories and identify reduction opportunities
  • Monitor key departmental weekly and monthly numbers thru the daily operating control
Save by Bundling
Save thousands when you purchase more than one course within any applicable multi-part program!

Financial Management I: Foundation

Cost:
$1,895 | Per Seat
Requirements:
None
Recommended for:
Department Managers, Office Managers, Controllers, General Managers, and CFOs

Course Dates & Availability

August 19-21, 2019 Kansas City, MO Available
October 21-23, 2019 Kansas City, MO Available

Call the NCM Institute at 866-756-2620 or complete this form for more information or to register.

You cannot have Benchmark results without Benchmark training. NCMi is the guideline to success and accountability in your dealership!

Adrian Rudlik, Sales Manager, Atlanta Classic Cars

This class was fantastic! Rarely are there opportunities to get training that is specific to the financials of the automotive industry. I absolutely recommend this training!

Elizabeth Mohry, Office Manager, Ilderton Dodge Chrysler Jeep Ram

Financial management is not just for the accounting team, it’s for everyone. NCMi made training real, and I now understand each department’s needs. The instructor kept a good pace and helped us to learn a lot from his years in the car business.

Mark Phillips, General Manager, McGrath Honda of Elign

I highly recommend NCMi’s Financial Management Program to anyone in a management position. It gives a great all-around perspective to broaden your knowledge of how every department effects the end product.

Melissa White, Office Manager, Clear Lake Infiniti

Note to CPAs: Program Content: Agenda available upon request; Program Level: Advanced; Prerequisites: None; Advanced Preparation: See confirmation upon registration. This group-live course is approved for approximately 12 CPE hours in the field of Specialized Knowledge and Applications. Please contact NCM Associates, Inc., at 866-756-2620 for registration and for more information regarding administrative policies such as complaint and refund.

NCM Associates, Inc., is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37129-2417. Web site: www.nasba.org.

Cancellation Policy: More than 15 days, but less than 30 days, prior to session, 25% of the tuition will be forfeited unless rescheduled for another date within 6 months. Less than 15 days prior to session, 50% of tuition will be forfeited unless rescheduled for another date within 6 months. Non-attendance without prior notification* or failure to attend the course within 6 months will result in full forfeiture of funds.
*Must call by 2:00PM CST the Friday before the class begins.