Description

Finance in a Day!

Key financial skills are not as difficult to learn as many people believe.

Are your non-financial management team held back by weak financial skills?

Managers in all parts of the organisation are finding they need some degree of financial know how to cope with the responsibility placed on them as business managers and key decision-makers. The key financial skills are not as difficult to learn as many people believe, and our one-day programme makes finance accessible for everyone. This expert one-day workshop covers the fundamentals of finance and helps non-financial managers to improve weak financial skills, enabling them to think and use finance naturally.

Learning objectives

After completing this course participants will be able to:

Understand fundamental business finance concepts; understand, analyse and interpret financial statements: Profit Statement, Balance Sheet and Cashflow Statement

Understand the vital difference between profit and cashflow; identify the key components of working capital and how they can be managed to generate strong cashflow

Evaluate pricing decisions based on an understanding of the nature of business costs and their impact on gross margin and break-even sales; managing pricing, discounts and costs to generate strong business profits; understand how lean manufacturing methods improve profit

Use powerful analytical tools to measure and improve the performance of their own company and assess the effectiveness of their competitors

Understand the role of business finance in formulating and implementing competitive business strategy; the role of budgeting as part of the planning process and the various approaches to budgeting and performance measurement

Business and finance fundamentals

The objectives of the firm: delivering value to shareholders and key stakeholders

Understanding the drivers of shareholder value

Who uses financial statements and why

Basic principles

Understanding business funds flow

Understanding and using the balance sheet

Understanding and using the profit statement

Recognising the vital difference between profit and cashflow

Understanding and using the cashflow statement

What financial statements can and cannot tell us

Managing and improving cashflow

What is working capital and why is it so important?

Understanding how working capital drives business growth

Understanding and avoiding the over-trading trap

Managing and improving business cashflow

Managing and improving profit

Understanding how profits generate cashflow

Understanding cost behaviour

Understanding gross margin and break-even

How common pricing methods affect profit

Improving profit - effective and defective strategies

Measuring and managing business performance

Measures of financial performance and strength

Investor behaviour: the risk and reward relationship

Return on investment (ROI): the ultimate measure of business performance

How profit margin and net asset turnover drive return on net assets

Why some companies are more profitable that others

Why great companies fail - what happened to Kodak?

Working with finance

The business planning and budgeting cycle

Monitoring and managing business performance

Combining financial and non-financial performance measures

Understanding and using key performance indicators

Course Images

Finance in a Day!

By Maximum Performance

Booking options

Highlights

Description

About The Provider

Tags

Reviews