The best way to learn finance is the same as for learning any other skill - by doing.
You can learn business finance in hours because we spent years designing and building uniquely effective active-learning tools and techniques.
This programme combines two days instructor-led tuition with four weeks access to our exclusive financial training applications on www.fabeducation.com.
Cost: Price on application
Duration: 2 days
This course is not available as part of our public schedule but can be provided on a customised client specific basis.
No knowledge of accountancy or finance is presumed, just a desire to cut through the fog of accounting language and use financial awareness to be a better manager.
Specific Learning Outcomes:
Functional Managers from larger businesses will be able to use the language and perspectives of finance to:
Strengthen their decision making and identify opportunities to generate revenues and cut costs
Communicate and contribute more effectively to meetings and discussions
Be more assertive and confident in dealing with the issues and added responsibilities of promotions and/or other changes in role
Managers and owner-managers in SMEs will gain:
An improved ability to communicate with advisers, bankers and enterprise agencies
A level of financially-smart business skills that would otherwise take years to develop
The Programme in Detail:
Unit One - The Financial Statements:
Where finance fits in business linking vision, business models and financial models
The DNA of business REAL_E
The purpose and content of the main financial statements
The basic Accounting Equation
How the balance sheet tells the story of the business
Practice to develop awareness of the cause-and-effect relationship between business decisions and financial statements
Group exercise 1 Building a business model
Unit Two - The Language of Business:
The Big Terms i.e. the crucial bits of jargon you need to talk financial sense
The concepts, principles and limitations of financial statements
What financial statements cant tell you about a business
Group exercise 2 The terminology quiz
Unit Three - Linking Business and Finance (The Financial Perspective):
The Financial Perspective using financial statements as the scorecards of business
Profitability: how can you maximise the difference between revenue and costs?
Getting the big picture right capital structure and gearing
Matching long term assets to long term funding
Managing cash flow to preserve liquidity
Asset Utilisation smart investment decisions and effective work practice
Practice and exercises to embed the financial perspective
Budgeting and smart management behaviour (the FIT principle)
Practice and exercises to embed the financial perspective what can you do to improve the performance of the company?
Group exercise 3 using the Financial Perspective to improve performance
Unit Four Financial Techniques to assess business performance (Ratios and Sensitivity Analysis):
Levels of Information and the power of ratios
A context for using ratios (Learn from the past and shape the future)
Different perspectives (Investor, Lender and Manager)
Published vs. management accounts
The role of stock exchanges and common stock exchange ratios
Classifying, exploring and improving commonly used ratios
Sensitivity analysis directing effort to the areas of most return
Group exercise 4 Applying the financial techniques to eircom a five year historical analysis of eircom results
Two powerful financial-modelling applications allowing managers to explore the effects of business transactions on financial statements and ratios
A comprehensive textbook
Concise videos and presentations recapping all the topics covered at the workshops
Downloadable PDFs of the exercises used on the course
An extensive quiz, hyperlinked to a glossary of financial terms