Measurement of Financial Performance & Developing Key Performance Indicators
Aims & Objectives
To evaluate the financial performance of a company and understanding the practical application of Ratio Analysis
To explain the role of Key Performance Indicators and how they are applied in practice
To describe how the accounting world values a company as compared with a stockbroker
To explain the underlying theories and concepts of the Balanced Scorecard
To suggest ways to apply the Balanced Scorecard approach to your own organisation, whether an SME or a larger company.
Skills Learned?
The use of the technique of ratio analysis to measure the financial performance of accompany
The application of the technique of performance measurement through the use of Key Performance Indicators (KPI’s )
The use of the Balanced Scorecard within a company, both large or small, to evaluate non-financial measures of performance
Using the 4 groupings ( perspectives) of the Balanced Scorecard to track the key drivers of performance which are Financial, Customer, Internal Business Processes and Innovation/ Learning Perspectives.
Content
Measuring financial performance using ratio analysis to establish a yardstick of performance under 5 main headings: Profitability, Liquidity, Efficiency, Gearing, Investors
Exploring the use of ratio analysis as a powerful tool to both measure present performance and target future performance
Using case studies on real companies to monitor financial performance
Explaining the application of the Balanced Scorecard as a valuable technique of measuring non-financial measures of company performance
Using a unique case study to explore the application of the Balance Scorecard and the likely benefits to an organisation through using the Balanced Scorecard
Interactive opportunities will be provided for useful discussion and questions
Who Should Attend?
People who are responsible for the setting of performance targets, both financial and non-financial / those who are responsible for the achievement of performance targets.