F

Financial Imperatives Scorecard:

A format for tracking the benefits and costs of workplace learning and prevention interventions.

Financial Metrics or Measures:

Measures of value that are based strictly on financial or monetary considerations, such as COGS.

Financial Ratios:

Measures describing whether an organization is making enough return for its efforts. Ratios describe balance.

Financial Statements:

Written statements detailing an organization ‚ s finances, including balance sheets, income statements, and cash flow statements. Together these statements give a presentation of the organization ‚ s financial condition for a specific time period.

Financial Value:

The worth of a workplace learning and performance intervention as expressed in financial terms.

Financial Value Chain:

A cascading, linked set of measures where the leftmost measure is a broad, financially based measure of a Senior executive and the rightmost measure is a specific, performance-based measure of an Individual contributor .

Financial Value Process:

A process for connecting the merit or value of a workplace learning and performance intervention directly to the financial measures and goals of an organization.

Financing Activities:

A section on the cash flow statement that displays all of the changes in cash flow caused by management ‚ s decisions to obtain or pay back debt. Transactions with owner ‚ s equity, such as issuing or purchasing stock, also go in this section of the cash flow statement.

Fiscal Year:

A 12-month accounting period adopted by an organization starting on the first day of a specified month and ending on the last day of the twelfth month. May or may not correspond with the calendar year.

Fixed Operating Expenses:

Expenses that are incurred regardless of the level of production. An example would be the cost to pay a monthly lease on a building that houses a production plant. The monthly lease must be paid, even if the plant is shut down and not producing anything. Also referred to as fixed expenses.