About this course
This course is for anyone needing a basic understanding of business finance and insights into operational decision-making. It will:
- Show operrational staff the financial consequences of their activities.
- Demonstrate the combination of KPIs and regular management information is vital to an organization’s operational success.
- Explain how the finance function contributes to the effective use of resources.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
What you will learn
Importance of Financial Management
- The elements of financial management
- Key accounting terms and terminology
- How cash and profit differ
- The two main financial reporting statements: the income statement and the balance sheet
Measuring Financial Success
- Measuring management success
- Measuring risk and return
- The importance of cash flow and working capital
- Budgeting and budgetary control
Managing Financial Resources
- The importance of cost behaviour
- Cost management
- Opex and Capex
- Break-even analysis
Communicating with your Accounting Colleagues
- Defining your need for financial information
- Making communication and feedback systemic and systematic
- The use of two way coaching to improve mutual understanding
Course Review
- Summary and recap of key learning objectives
- Action Planning
Recent reviews
The place is good enough, however the rooms should be a bit bigger in case more trainees joins.
This was my first experience in a small size and 1-1 course (last 2 days) which was amazing and helped in making effective engagement with the team . I’m thankful to the whole staff for job well done and friendly engagement throughout the course , looking fore wards to meeting…This was my first experience in a small size and 1-1 course (last 2 days) which was amazing and helped in making effective engagement with the team . I’m thankful to the whole staff for job well done and friendly engagement throughout the course , looking fore wards to meeting againRead more
The course was educative, interactive and that made it learning with fun. The facilitator was knowledgeable and friendly. And we interacted well among ourselves