Booking options
Price on Enquiry
Price on Enquiry
Delivered Online or In-Person
You travel to organiser or they travel to you
Harpenden
Full day
All levels
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.
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
The objectives of the firm: delivering value to shareholders and key stakeholders
Understanding the drivers of shareholder value
Who uses financial statements and why
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
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
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
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?
The business planning and budgeting cycle
Monitoring and managing business performance
Combining financial and non-financial performance measures
Understanding and using key performance indicators
At Maximum Performance, we are passionate about improvi...