FINANCE & BUSINESS SKILLS FOR MANAGERS & LEADERS

Speaking the language of business

- Define the key three organisational business types

- Understand the four types of financial transactions

- Examine how every role in an organisation is fundamentally a finance role

- Unpack the differences between finance and accounting; credit and debit; revenue and profit

Analysing financial statements

- Learn to read a profit and loss (P&L) statement

- Understand a balance sheet

- Interpret a cash-flow statement

Ratio analysis and financial health check

- Unpack the 19 key financial ratios in a typical organisation

- Fundamentals for conducting a financial health check for an organisation

Efficiently managing resources

- Understand and calculate the break-even point

- Define and explore the ‘cash-to-cash’ cycle

- Understand performing v/s non-performing assets, fixed costs v/s variable costs and other crucial performance indicators

Effective financial management principles

- Define the five common organisational finance mistakes (with case studies)

- What to do and what not to do

- Learn to be proactive, rather than busy firefighting

Building your team’s financial capabilities

- Strategies to organise and direct business growth

- Hold capacity for innovation

- How to implement a financial plan

Forecasting, budgeting and planning

- How to take your organisation from HERE to THERE

- Forecasting – Where should we go?

- Budgeting – What is required to go there?

- Planning – How to get there?

Project funding and capital budgeting

- Understand different sources of funding

- Analyse and project future cash flow of new projects to determine future investments

- Learn to think like an intrapreneur