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Presenters: Rob Campbell & Andrew Appow CPA both from The Mironov Group
Original Air Date: December 1, 2011
Program Length: 100 minutes
How to read the Parts Section of the Financial Statement & Other Key Ratios and Guides Important to Parts Managers
Financial Statement analysis is an important skill for every dealership profit center manager. Nowhere in the dealership is this more true than in the Parts Department. Parts Managers, more so than other management team members, are governed by the numbers. Knowing how to read, analyze and then create workable business strategies to impact these numbers is an important part of the Parts Managers job. Join Rob and Andrew as they examine the Parts section of the financial statement with an eye to both understanding how these numbers are calculated and how they should impact your management priorities. Learning the secrets of the financial statement & other key performance indicators can help Parts Managers become more efficient in how they plan for growth and profit improvement.