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Introduction to Financial Analysis (09101F)-
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to register/purchase
This course introduces students to basic financial terminology and tools and their relevance to the bowling industry.
Course Lessons and Objectives:
Lesson 1
Appreciate the impact a solid financial analysis plan can have on your center.
Recognize the importance of consistency and transparency when implementing your financial plan.
Lesson 2
Grasp the basic principles of accounting.
Relate these accounting principles to your bowling center.
Recognize the various types of financial statements.
Lesson 3
Gain an understanding of the tools available to analyze your center’s financial performance.
Recognize the various types of financial reporting.
Define key terms used in financial analysis.
Cash Management (10201F)-
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to register/purchase
This course shows students how to manage cash flows, controllable expenses, and integrate inventory control systems.
Course Lessons and Objectives:
Lesson 1
Define and understand what cash flow is in your center.
Account for fluctuations in flow.
Describe how and why a cash flow statement is used.
Lesson 2
Understand how runaway expenses can ruin your operation.
Evaluate your center’s current expenses.
Consider expenses that can be scaled back.
Manage your biggest expense areas.
Know how Cost of Goods Sold affects your center’s performance.
Appreciate the effect of the payroll expense, based on a Case Study that will be presented.
Lesson 3
Discover inventory issues you may not have noticed before.
Implement an inventory control system.
Relate inventory to Cost of Goods Sold.
Pricing Strategies (10202F)-
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to register/purchase
This course shows students how pricing structures influence consumer opinions and influence their center's profitability, and perform a price elasticity exercise that helps them better determine appropriate price points for their products and services.
Course Lessons and Objectives:
Lesson 1
Differentiate between the two most basic pricing models.
Define the
theory of competitive strategy
as put forth by Michael Porter, a highly-respected Professor at Harvard Business School.
Name the five basic competitive forces in a market.
Identify the pitfalls in choosing one pricing model, and then later making a change.
Lesson 2
Grasp the basic formula that is the starting point for developing your center’s pricing strategy.
Recognize how supply and demand interact in your center—and how to apply it to pricing strategy.
Understand the role perceived value plays and how it can affect profitability.
Calculate profitability based on costs and revenues.
Lesson 3
Evaluate how to determine price elasticity when developing your strategy.
Position your center for handling price increases.
Set benchmarks to help you monitor your pricing strategy and its effectiveness.
Operational Measurements (10203F)
Coming in December 2011
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Financial Analysis
As most business decisions revolve around their influence over the company’s bottom line, t...
What people are saying
“According to a 2009 meta study from the Department of Education: 'Students who took all or part of their class online performed better, on average, than those taking the same course through traditional face-to-face instruction.' Students who mix online learning with traditional coursework (i.e. blended learning) do even better.”
– Study from Department of Education
(2009)
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