Details
About the workshop
Many non-finance trained managers and supervisors are responsible for controlling expenses and even have revenue responsibility. Often there is also the responsibility for forecasting and managing budgets.
This course will give you a solid understanding of relevant financial concepts, help you to understand finance reports and drive the financial performance of your team and organisation.
Through expert facilitation, be guided to becoming an expert in the financial capabilities required by your role.
Agenda
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
Tailor Your Training Experience
To make sure you get the learning solution that’s right for you, we offer different levels of tailoring to suit your needs. Choose from three levels of customisation:
1.Off the Shelf
Love what you see? Great! Choose this option to take one of our most popular courses and bring it in-house for your team. Includes a pre-course consult session with our facilitator to make sure we hit the mark, and deliver the right learning experience for you.
2.Customised
Make sure you get the most from the course you choose, by tailoring the content to get the right fit for you. Speak to our team, who will work with you to pick and mix from a curated bank of training modules to help customise your learning experience.
3.Premium
Not on the list? Let us know what you’re looking for and we will find the right solution. Our team of learning specialists will work with you to develop a unique training course for your business. Through an in-depth consultation process, we will work with you to profile your learning needs and build a bespoke program from the ground up.
Speak with one of our team today to find which option is right for you.
Who Will Attend
For anyone in a management role with budget or finance/accounting responsibility across all industries:
Junior Management
Middle Management