New Computer-based Training Tool from FMI Assists Store Managers in Financial Management

WASHINGTON, DC — January 28, 2002 — Seeking to assist supermarket store managers in their interpretation of financial data, Food Marketing Institute (FMI) announces the release of The Introduction to Financial Management for Supermarket Managers computer-based training program.

“This new program is a much-needed resource for food retail associates who are participating in store-level management training,” notes Kim Roberts, manager of education at FMI.
“Now more than ever, it is imperative for supermarket managers and management trainees to have a thorough understanding of store-level accounting operations.”

Using an animated interactive guide, the program focuses on the interpretation of two important financial management tools — budgets and profit/loss statements. Sections are specifically designed to help users improve overall comprehension of budget planning and expense control, which in turn will help employer companies reach the highest level of profitability. Periodic review sections clarify definitions and reinforce key points while helping to strengthen the learning process.

By the end of the program, program users will be able to:

• Identify the major components of budgets
  
• Understand terms frequently used in budget projections
  
• Interpret key elements of profit/loss statements and store financial performance
  

The Introduction to Financial Management for Supermarket Managers ($195 for FMI members/$395 for nonmembers) is the latest addition to FMI’s computer-based training products. Other subjects addressed by FMI’s CD-ROM training programs include customer service, produce handling, calculating turnover costs and cashier placement instruments.

For more information about FMI’s education and training products, please contact Kim Roberts at (202) 220-0720, or visit the FMI website at www.fmi.org.