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.
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.
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.
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.