The Overall Objective
is to increase knowledge and confidence, by developing finance skills, contributing towards the company achieving its desired KPIs.
Training Objectives: by the end of this training the delegates will be able to…
- Examine financial statements and describe the financial performance
- Select and apply appropriate financial measures to financial statements to assess profitability and viability
- Describe and demonstrate methods of cost control and management
- Examine methods of budgetary management and their contribution to long term financial stability
- Evaluate options and make recommendations for investment in long term capital projects
| Sessions Part One | Outline Content | Your People Will Be Able To |
|---|---|---|
Introduction & Learning Objectives | - Outline Agenda - Overall Objectives - Personal Learning Objectives | Describe their individual learning objectives |
Finance & Strategy | - Team Question: how do you grow an organisation? - The Balanced Scorecard - Objectives of a Business | - Define how finance fits with strategy and vision - Describe where KPIs come from, and which are most relevant to their role - Describe the company strategy and Vision, and how this connects with their responsibilities |
The Language of Finance | - Income Statements - Cakes and slices - Balance Sheets - 5 Levers Model | - Describe the purpose of the main financial statements - Define the components of each - Understand financial terminology |
Learning Review | - Action Planning | - Apply learning to relevant management situations |
| Sessions Part Two | Outline Content | Your People Will Be Able To |
|---|---|---|
Financial Key Performance Indicators - Profitability | - Analysis of Company A - Profitability Ratios | - Define the relevant ratios - Demonstrate how to calculate measure of profitability from financial statements - Discussion and analysis of industry |
Financial Key Performance Indicators - Liquidity | - Further analysis of Company A - Liquidity Ratios | - Define the importance of working capital - Demonstrate calculation of liquidity ratios |
Case Study Analysis - 1 | - Case Studies - using suppliers, customers, competitors - Calculation of relevant ratios - Discussion and analysis | - Demonstrate calculation, and understanding of financial analysis - Describe how performance will be viewed by stakeholders |
Learning Review | - Action Planning | - Apply learning to relevant management situations |
| Sessions Part Three | Outline Content | Your People Will Be Able To |
|---|---|---|
Learning Review | - Key Messages from Part 1 & 2 | - Apply lessons so far |
The Nature of Revenue & Costs | - Fixed & Variable Costs - Breakeven - The effect of selling at a lower price - Volume and pricing - Pricing Strategies | - Define fixed & variable costs and their application - Describe how a company may cover its costs - Calculate the effect of selling at a lower price - Describe the contribution of each piece of work - Calculate the increased volume required to cover lower prices |
Cost Analysis & Management | - Analysis of costs - Overhead allocation & recovery* - Marginal Costing* - Variance analysis for managing cost and time | - Consider a standard cost - Describe & demonstrate a marginal costing exercise & example* - Assess Variance analysis and take management action • Accurately categorise costs and create costings |
Case Study Analysis - 2 | - Case Studies – additional examples* | - Demonstrate calculation and analysis of case study - Discuss application of learning |
Learning Review | - Action Plan | - Describe how they will apply their learning |
| Sessions Part Four | Outline Content | Your People Will Be Able To |
|---|---|---|
Learning Review | - Key Messages from Part 1 -3 | - Apply lessons so far |
The Role Of Budgets | - Budgets: what why & how - Budget methodology & example | - Describe and define the roles of budgets in business - Define the main approaches to budgeting - Describe the importance of adhering to company budgeting policies and procedures. |
Cost Analysis & Management | - Analysis of costs - Overhead allocation & recovery* - Marginal Costing* - Variance analysis for managing cost and time | - Consider a standard cost - Describe & demonstrate a marginal costing exercise & example* - Assess Variance analysis and take management action • Accurately categorise costs and create costings |
Case Study Analysis - 2 | - Case Studies – additional examples* | - Demonstrate calculation and analysis of case study - Discuss application of learning |
Learning Review | - Action Planning | - Apply learning to relevant management situations |
| Sessions Part Five | Outline Content | Your People Will Be Able To |
|---|---|---|
Learning Review | - Lessons from Parts 1-4, and intervening work | - Describe how this relates to their individual learning objectives |
Investing For The Future | - The time value of money - Understanding the terminology - Investment appraisal | - Define the principles of investment - Demonstrate how to calculate NPV and IRR - Describe the role of these techniques in making investment decisions - Discuss how to make better investment decisions |
What Is You Company Worth? | - Company valuation techniques: multiple of EBITDA, Yield, P/E ratios - Use of Return on Acquisition Investment | - Describe methods of company valuation. - Demonstrate application of techniques to examples - Describe how changes to company performance affect valuation |
Case Study Analysis - 4 | - Case Studies – additional examples* | - Demonstrate calculation and analysis of case study - Discuss application of learning |
Learning Review | - Action Planning | - Apply learning to relevant management situations |
* Denotes material to be custom designed from budgets provided your internal reports.