A half-day finance workshop that covers basic financial principles and generic financial management tools, to raise the level of financial awareness of non-finance managers, and enable them to use financial information to make more effective short-term or long-term decisions in managing their offices.

Workshop Objectives

By attending this workshop, managers will:

• Understand the main components of financial statements and annual reports
• Know how to interpret financial statements and analyse business accordingly
• Have performed a SWAT™ analysis using their financial statements
• Know the different categories of costs which exist and their implication on costing
• Understand costing concepts, and apply them in making business decisions
• Have an appreciation of planning, monitoring and controlling a budget
• Be able to communicate more effectively with finance colleagues and other managers about finance issues
• Understand the performance metrics by which managers and non-management staff are measured

Workshop Overview

• An introduction to financial management and reporting
• Accounting assumptions and terminology
• Defining working capital, costs and the importance of cash flow
• Understanding the difference between cash & profit
• Understanding the importance of business planning, budgeting and variance analysis
• Building a business case and determining the return on investment
• Setting key result areas and financial root cause analysis
• Strategic financial business planning and risk management
• Performance reporting – ratios, balanced scorecards & KPI’s
• Strategic and financial decision making – an introduction to breakeven, payback period, discounted cash flow, risk analysis and other non-financial factors
• Certification and Close