Week One: Financial Management

NADA AcademyWEEK ONE

FINANCIAL MANAGEMENT

 

Learn basic accounting principles and how to navigate the balance sheet and income statement at both the dealership and department levels. Interpret and analyze financial statements to identify performance improvement opportunities.


AGENDA

Using the NADA 20 Group composite with guidance from 20 Group Dealership Management Consultant

Analyzing sales and gross profit

Maximizing cash flow and profit

Identifying frozen vs. working capital

Evaluating inventory performance

Calculating total absorption

Controlling and minimizing expenses


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