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FINANCE, THE LANGUAGE OF BUSINESS

Every organization needs to understand and work with finance. It is so ingrained in our way of life, that it really is a life skill. It is becoming a critical factor to career progress or life achievement, because all that gobble-de-gook is really important stuff, without which businesses will die or get swallowed up.

Of course financial managers are qualified to talk finance, but non-financial managers cannot survive in such a money sensitized world unless they acquire relevant financial literacy. It is needed in marketing, HR, projects, IT, small business, operations, engineering and professional practice.

Our Finance for non-financial manager’s workshop is designed to achieve two objectives. To improve delegates financial literacy and to expand their commercial understanding. To provide managers and decision-makers who do not possess a strong grounding in finance with an understanding of their organisations financial situation.

On completion of this workshop, delegates will be able to evaluate the four basic financial statements, construct and analyse a budget. Assess the liquidity, efficiency, profitability and risk of the company using financial ratio analysis.

Modern day decision-makers are driven by bottom-lines.

Everything reduces to numbers and employees must relate to finance and financial debates, or face extinction.

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Accreditation:

Front Foot Strategic Consulting has been awarded accreditation status as a provider of Education and Training in terms of the South African Qualification Authority Act.



Our Microsoft workshop presenters are Microsoft Certified Trainers and Microsoft Certified Technology Specialists.

FRONT FOOT IS AN EME
- 100% RECOGNITION

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Register now for this workshop
TWO DAY WORKSHOP OUTLINE

Introduction:

Do you want to make a difference and remain relevant? Well then why not join us for our informative, two-day course. It is user-friendly, practical, relevant, and fun, but it will equip you to talk the talk, whilst giving you a good grounding in the underlying principles. We will help you make sense of it all.

We will guide from basic, personal finances all the way up to business finance. You will learn how to compile, speak the language and read financial statements. Then we will show you how to use your knowledge to contribute to the money making process. Yet we will still spare you from having to get tangled in a web of adding machine paper.

Please note: This course is structured around Microsoft Excel. All the activities are in Excel, including games, quizzes and practical case studies. The models we use are structured to maximize the fun of learning without bogging delegates down. However, the models will develop confidence in using Excel to format and present and use financial information.

Key benefits of attending include:

  • Learn the basic language of finance
  • Learn about the basic financial tools and what all the terminology means
  • Learn what drives the profits of business
  • Understand how to optimize profits
  • Grasp the balance between profitability and cash-flow
  • Manage your own environment more effectively
  • Be more relevant in your own specialization
  • Engage meaningfully in financial or business debates
  • Learn what matters in trying to defend business arguments
  • Command respect and authority in the context of your work
  • Relate more effectively with key stakeholders in business
  • Extend your career advancement potential.
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What we will cover in the course

Basic concepts and principles of finance

  • The history and context of finance
  • The real world of finance and how it develops from cigarette box level
  • Key financial principles and definitions
  • An introduction to the basic financial statements used in business

Trading for profit

  • This introduces the workings of the Income Statement and its role in business, including ways to use the basic principles in general management applications.

Balancing the books

  • This module will build an understanding of the net worth of a business, how money comes into a business, how it is used to create wealth and how balances relate to the income statement. It explores the underlying foundations of all business and the role of managers in optimizing the assets and liabilities of a firm.

Cash is King

  • It is not enough to make profits unless profits are converted to cash, the lifeblood of business. Cash is arguably more important than profit, though the two concepts are interrelated. We will look at the Cash-Flow statement, how it relates to the other statements, and how we manage cash.

The engine room

  • To help consolidate your understanding we will look at some of the basic principles and concepts of accounting and how they are used in financial reporting. We will also develop a full set of simple financial statements from some basic accounting data, to help learners integrate their overall understanding.

The mechanics of profit

  • To cap your experience we will equip you to make high level evaluations of businesses and proposals, by exploring some basic evaluation techniques. We will also look at how profits are generated and how the components of profits are manipulated to optimize business performance. When done you will be able to talk turkey with most other managers.
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Who should attend?

  • Specialist (engineers, designers, lawyers, medical specialists) and general (supervisor, production manager, foreman, leader) managers involved in decision making, people or project management, negotiations, the management of resources or any activity that requires you to influence stakeholders, customers, suppliers or decision makers.
  • Up-and-coming staff who have been earmarked for promotion into management.
  • Business owners or entrepreneurs.

Training approach

Our courses use interactive tools that allow learners to learn by doing.

The experience for learners is fun, rewarding, lasting and integrative, whilst employers are assured of a high return on investment in training.

WORKSHOP MODULES
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1. Basic Concepts and principles
Economics 101
Net Worth
The real world of Finance
Types of Enterprise
Definitions
Concepts and principles
Exercises

2. Trading for profit
Basic Principles
Income and Expenses
Income Statement
Reporting
Variations on a theme
Exercises

3. Strike a balance
The Balance Sheet
The link between Income and Balances
Net worth
Reporting
Variations
Exercises

4. Cash is King
What is cash
Defining Cash
Cash-flow statement
Cash vs Income
Cash Forecasting
Exercises

5. High level assessment
Putting is all together
General analysis
Exercises
6. Principles of Financial Management
Introduction
Core Principles
Double entry system
Trial Balance
Financial management in practice
Exercises
7. Financial Statements
Statutory and IFRS standards
Balance Sheet
Income Statements
Cash-flow
Notes
Director’s and Auditor’s reports
8. The mechanics of profit
Profits of boom
The basic profit formula
Profits vs Overheads
Profits vs Volumes
Other considerations
New Business
Exercises
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Front Foot courses are compiled and presented by subject matter experts
and industry specialists to ensure the highest and most current standard of excellence in all our workshops and training
Event Information:
Date: 30th & 31st October 2017 at Birchwood Hotel & OR Tambo Conference Centre in Boksburg

9th & 10th November 2017 at Benvenuto Conference Centre in Randburg

11th & 12th December 2017 at Birchwood Hotel & OR Tambo Conference Centre in Boksburg

Map: View map
Duration: 2 Days
Cost: R4 650.00 excl VAT
R5 301.00 incl VAT
Surcharge: Strict Halaal and Kosher meals carry an additional surcharge

Upcoming Events:
Visit our events calendar for more information.

Upcoming Workshops:
Visit our workshops calendar for more information.
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Discount:

10% discount for two or more delegates

10% discount if you attend two or more workshops

15% discount for four or more delegates


In-house at your offices
25%
discount for 5 or more delegates

30% discount for 8 or more delegates

35% discount for 10 or more delegates

We provide laptops for in-house computer-based training sessions

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Bookings:

Contact Adele on
011 867 7299 or email

Bookings and Enquiries
Website | Email

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Front Foot workbooks and workshops are aligned to the prevailing Unit Standard;
Front Foot provide business training to business people;
Training is held at premium training venues