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.