Finance for Non-Finance Professionals
Finance for Non-Finance Training by Stuart Warner.
In-House sessions are available upon request.
We believe that learning about finance should be an interactive and enjoyable experience. To make the subject of finance relevant, practical and less theory driven, we intersperse our training with a business simulation. We strongly believe in experiential learning (‘learning by doing’).
This enables delegates to put concepts they have learnt immediately into practice in a realistic setting. Our approach allows better translation of learning into the workplace.
This course provides a uniquely powerful way to learn about business and finance. It enables participants see how business decisions impact on finance and how finance decisions impact on a business. Our approach ensures that those in different parts an organisation understand how they integrate with other parts of the business and impact on the business as a whole.
- Understanding the financial consequences of running an organisation.
- How each area of a business affects overall financial results.
- The impact of different business decisions and strategies.
- The impact of financial issues on a business.
- Financial terminology and jargon.
- Accounting fundamentals and financial reports.
- Understanding how a business makes money.
- Budgeting and evaluating opportunities financially.
- Measuring business performance.
How Our Course Works:
In small teams, delegates operate a business and make decisions regarding business and financial strategy.
Over successive periods you will begin to understand the connection between your decisions and the financial results of your business. There is a clear link between decisions, such as offering value products and investing in quality and the success of these strategies.
This enables you to experiment with a realistic model of a business away from your desk and transfer the learning back into your work place.
|Finance principles & terminology:|
|The language of finance||00:33:00|
|Financial versus management accounting||00:33:00|
|The key financial statements||00:33:00|
|Sources of regulation||00:33:00|
|The annual report||00:33:00|
|Comparison to real life financial statements||00:33:00|
|An explanation of how the simulation works and its rules||00:33:00|
|Simulation period one & debrief:|
|Simulation period one & debrief||00:32:00|
|Interpretation and analysis of financial results:|
|The need to analyse financial information carefully||00:32:00|
|Calculating financial ratios and understanding their meaning||00:32:00|
|Simulation period two & debrief:|
|Simulation period two & debrief||00:23:00|
|The impact and importance of pricing to profit||00:23:00|
|Alternative pricing strategies||00:23:00|
|Mark up and margins||00:23:00|
|Gross and net profit margin||00:23:00|
|Financial, business and investment strategy||00:23:00|
|Business strategies relevant to the simulation||00:23:00|
|Methods of strategic growth||00:23:00|
|Opportunities and threats of expanding into new markets||00:22:00|
|Simulation period three & debrief:|
|Simulation period three & debrief||00:22:00|
|Measuring business performance:|
|Understanding business performance||00:22:00|
|The link between business decisions and financial results||00:22:00|
|Liquidity and profitability||00:22:00|
|Overtrading and overcapitalisation||00:22:00|
|The cash operating cycle||00:22:00|
|Cash flow forecasts||00:22:00|
|Measuring business performance (continued):|
|Return on investment||00:28:00|
|Short term solvency and liquidity||00:28:00|
|Long term solvency and gearing||00:28:00|
|The principles of budgeting||00:28:00|
|Preparation of budgets||00:28:00|
|Budgets relevant to the simulation||00:28:00|
|Simulation period four & debrief:|
|Simulation period four & debrief||00:28:00|
|Business valuation techniques||00:27:00|
|Relevance to the simulation||00:27:00|
|Simulation period five, close & debrief:|
|Simulation period five, close & debrief||00:27:00|
|Translating the learning into practice||00:27:00|
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