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Financial Management Program
Financial Management is a two-part program that focuses primarily on accounting fundamentals and understanding the flow of the financial statement in retail automotive, along with an emphasis on departmental best practices and profitability analysis. This program bundles the Financial Management: Foundation course with the Financial Management: Strategies course to show you how to uncover and quickly correct problems by understanding how sales, cost of sales, gross profit, expenses, assets, liabilities, and equity are recorded and reported.
Save $500 USD with this Package!
Financial Management I: Foundations is the first course in a two-part dealership financial management program designed to help leaders strengthen their understanding of accounting principles, financial statements, and departmental performance metrics. Participants learn how dealership financial documents are structured, how financial information flows through the organization, and how operational decisions impact profitability. Through instructor-led discussions, hands-on financial analysis tools, and interactive learning experiences, learners develop practical skills for evaluating performance and making data-driven business decisions. Using NCM’s Commitment process, participants create customized plans to improve financial performance, enhance operational effectiveness, and support long-term dealership profitability.
Class Length: 2 ½ days
Key Objectives & Competencies:
- Interpret dealership financial statements to make more informed decisions.
- Analyze balance sheets, income statements, and cash flow drivers.
- Use financial ratios and benchmarks to evaluate dealership performance.
- Differentiate profitability from cash flow to improve financial management.
- Leverage key performance indicators across service, parts, and variable operations.
- Apply asset management strategies to improve inventory performance and returns.
- Utilize NCM financial analysis tools to identify growth opportunities.
Financial Management II: Strategies builds on the foundation established in Financial Management I, providing dealership leaders with advanced financial tools and strategies to improve performance, strengthen profitability, and support long-term business growth. Participants will learn how to analyze cash flow statements, optimize asset management, develop departmental profit improvement plans, and use financial data to make informed strategic decisions. The course also focuses on strengthening collaboration across departments and aligning financial objectives with operational goals. Through instructor-led discussions, practical analysis tools, and the NCM Commitment process, learners create customized action plans that drive measurable results and enhance overall dealership financial performance.
Class Length: 2 days
Key Objectives & Competencies:
- Improve dealership profitability through advanced asset and inventory management.
- Strengthen cash flow management using proven financial controls and reporting tools.
- Develop financial policies and procedures that support operational excellence.
- Design compensation and retention strategies that improve employee performance.
- Optimize accounting department structure, roles, and accountability systems.
- Identify expense reduction opportunities to improve departmental profitability.
- Apply leadership principles that drive accountability and financial results.
- Develop and present a strategic action plan focused on measurable business outcomes.
Call the NCM Institute at 866-756-2620 or complete this form for more information or to register.
Single Class: If canceled 15–30 days prior to the session, 25% of the tuition will be forfeited unless rescheduled for another date within 1 year. If canceled fewer than 15 days prior to the session, 50% of tuition will be forfeited unless rescheduled for another date within 1 year. Non-attendance without prior notification or failure to attend the course within 1 year, will result in full forfeiture of funds. Must call by 2:00PM CST the Friday before the class begins.
GMEP: A $3,000 USD nonrefundable deposit is required at time of application with balance due 14 days prior to class start. Below is the refund schedule for the remaining balance, after the non-refundable $3,000 USD deposit is deducted.
- Cancellation on or before Session 1: 100%
- Cancellation on or before Session 2: 65%
- Cancellation on or before Session 3: 30%
- No Refund will be awarded after completion of Session 3