Wedemic

Finance for Non-Finance Professionals

Finance for Non-Finance Training by Stuart Warner.

0 STUDENTS ENROLLED

     

    In-House sessions are available upon request.

     

    Approach:

    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.

     

    Learning Outcomes:

    • 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.

    Course Curriculum

    Day 1:
    Finance principles & terminology:
    Accounting fundamentals 00:33:00
    The language of finance 00:33:00
    Financial versus management accounting 00:33:00
    Financial reports:
    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
    Simulation briefing:
    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
    Day 2:
    Simulation period two & debrief:
    Simulation period two & debrief 00:23:00
    Making profit:
    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
    Business strategy:
    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
    Cash management:
    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
    Day 3:
    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
    Investor ratios 00:28:00
    Financial budgeting:
    The principles of budgeting 00:28:00
    Preparation of budgets 00:28:00
    Forecasting methodology 00:28:00
    Budgets relevant to the simulation 00:28:00
    Simulation period four & debrief:
    Simulation period four & debrief 00:28:00
    Business valuation:
    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
    Closing session:
    Translating the learning into practice 00:27:00

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    Stuart Warner is a Chartered Accountant, author, consultant, non-executive adviser and trainer, with over two decades of experience in finance. He delivers finance based training programmes around the world to both finance and non-finance professionals. Stuart’s goal is to help businesses increase productivity and profits through innovative and engaging finance training. He is a keen advocate of experiential based learning using business simulations. He works with clients across multiple sectors, throughout the world, to deliver a range of focused and tailored training solutions. Over his career, Stuart has taught thousands of trainee accountants to pass their professional exams for six different professional accounting qualifications. He has helped thousands of qualified accountants keep up to date and meet their CPD qualifications as well as training many people from non-finance backgrounds to understand financial matters. Stuart has designed hundreds of face-to-face and e-learning training courses. He has also produced exams, audio guides, podcasts, and training videos.
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