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Preview the eLearning version of Finance Lite

Finance Lite for Pharmaceuticals

          

This popular program is a lively and engaging introduction to the major financial statements and how each employee impacts them.

Finance Lite for Pharmaceuticals also discusses how the pharmaceutical industry differs from other manufacturing companies and how those differences are reflected on the financial statements.

For multinational companies, the program includes a comparison of U.S. GAAP accounting statements with international IAS statements.

How Your Company Will Benefit

After completing this course, participants will be able to:

  • Give an overview of the pharmaceutical business
  • Discuss the money making activities of your company
  • Explain how money flows through your company
  • Describe shareholder value and why it is important
  • Discuss their role in improving your company’s profitability
  • Create an action list to improve their efficiency and productivity
Key Topics Covered


• Answering Three Fundamental Financial Questions

Introducing Double-Entry Accounting

• Using the Balance Sheet

• Understanding How You Impact the Income Statement

• Importance of Equity and Shareholder Value

• One Times All ™

 

Finance for Non-Financial Pharmaceutical Professionals

     

An introduction to the practical financial principles every pharmaceutical professional needs to know to improve the bottom-line impact of operational decisions.

 How Your Company Will Benefit

After completing this course, participants will be able to:

  • View their job responsibilities in terms of financial added value
  • Perform cost-justification analyzes before making spending decisions
  • Communicate better with financial management and staff
  • Manage by numbers rather than by "feel"

 

Key Topics Covered


• Financial Statement Review

• Understanding Cash Flow and the Cash Flow Statement

• Introduction to Working Capital

• The Cost of Capital

• Practicing Ratio Analysis

• Making Capital Investment Decisions

Special Features for the Trainer

  • Tailor the program to include your company’s information
  • Track employees’ progress and award certificates

Key Features of These Programs

  • Use graphics to make concepts understandable and memorable
  • Develop concepts in everyday language using metaphors that everyone can relate to
  • Establish relevancy and focuses on behavioral change
  • Instill practical understanding and teaches skills that can be applied immediately

See Also: Finance Lite
How Insurance Companies Make Money
How Banks Make Money