FINANCE FOR NON

OVERVIEW

A highly participative one day workshop to provide practical and enduring knowledge

of financial statements, how they are used to assess

they are shaped by everyday business decisions and events.

participants to understand “accountant

language, you can provide an input to the process. If yo

decision-making system

Duration: 1 day

OBJECTIVES

On completion of this programme,

Why it is important that everyone in business should understand finance.

The purpose and content of Financial

How your business activities and decisions determine the values shown in the financial

statements– and how they are not divorced from reality.

The Ten core elements that determine business performance.

The four main techniques used to assess

We will reinforce the learning by using the knowledge and techniques provided to

assess a case-study business and formulate an action plan to improve its financial

performance

WHO SHOULD ATTEND?

Anyone working in business who

finance. Owner managers and people thinking about setting up a business who have

limited existing financial skills. Advisers and managers in specialist disciplines who

want to understand how business and fina

SUMMARY CONTENT

The Accounting Process

why finance is important to everyone in business. The Balance Sheet and Profit and

Loss Account - Who Controls the Business?

The “Linkages Model

Key Results

Ratios

Break-even Analysis

Sensitivity Analysis

The “Sherlock Holmes” method

The “Oliver Twist” way

FINANCE FOR NON-FINANCIAL MANAGERS

A highly participative one day workshop to provide practical and enduring knowledge

of financial statements, how they are used to assess business performance and how

they are shaped by everyday business decisions and events. Put simply, we will allow

participants to understand “accountant-speak” in just one day. If you understand the

language, you can provide an input to the process. If you don’t - you’re outside the

making system

On completion of this programme, participants will learn:

Why it is important that everyone in business should understand finance.

The purpose and content of Financial Statements.

How your business activities and decisions determine the values shown in the financial

and how they are not divorced from reality.

The Ten core elements that determine business performance.

The four main techniques used to assess business performance.

We will reinforce the learning by using the knowledge and techniques provided to

study business and formulate an action plan to improve its financial

WHO SHOULD ATTEND?

Anyone working in business who wishes to gain a sound overall understanding of

finance. Owner managers and people thinking about setting up a business who have

limited existing financial skills. Advisers and managers in specialist disciplines who

want to understand how business and finance works.

ONTENT

The Accounting Process – the obvious view of finance. The Scorecards in business

why finance is important to everyone in business. The Balance Sheet and Profit and

Who Controls the Business? – The "Maginot Line".

The “Linkages Model – connecting actions/decisions to profit

nalysis

nalysis

The “Sherlock Holmes” method – the art of deduction

The “Oliver Twist” way – The Ten ways of getting more from a business

A highly participative one day workshop to provide practical and enduring knowledge

business performance and how

Put simply, we will allow

speak” in just one day. If you understand the

you’re outside the

Why it is important that everyone in business should understand finance.

How your business activities and decisions determine the values shown in the financial

We will reinforce the learning by using the knowledge and techniques provided to

study business and formulate an action plan to improve its financial

wishes to gain a sound overall understanding of

finance. Owner managers and people thinking about setting up a business who have

limited existing financial skills. Advisers and managers in specialist disciplines who

the obvious view of finance. The Scorecards in business –

why finance is important to everyone in business. The Balance Sheet and Profit and

The Ten ways of getting more from a business

Increasing profitability

Participants apply knowledge and techniques to case study:

Review company reports on the case study (Financial Statements, Ratios etc)

Formulate two proposals to improve Performance

Complete the “Performance Improvement Sheet”

Describe the two proposals

Explain the reasons for selecting those actions

Predict the impact of the actions on profit and cash flow

List possible side effects (unintended consequences)

Justify the actions

Practical Element

Brief review of all proposals from the group

Exploration and group discussion of the impact of selected proposals on the case study

company Discussion and "What If" exploration on the model to allow participants work

through any remaining questions and difficulties.

Agree the two best proposals and

Presenter led group discussion/assessment of selected proposals:

Transfer to work situation.

Review of Workshop

Increasing profitability

Participants apply knowledge and techniques to case study:

Review company reports on the case study (Financial Statements, Ratios etc)

Formulate two proposals to improve Performance

Complete the “Performance Improvement Sheet”

Describe the two proposals

Explain the reasons for selecting those actions

Predict the impact of the actions on profit and cash flow

List possible side effects (unintended consequences)

Justify the actions in terms of their feasibility

Practical Element – Participants apply knowledge and techniques to case:

Brief review of all proposals from the group

Exploration and group discussion of the impact of selected proposals on the case study

company Discussion and "What If" exploration on the model to allow participants work

through any remaining questions and difficulties.

Agree the two best proposals and quantify the "before and after".

Presenter led group discussion/assessment of selected proposals:

Transfer to work situation.

Review of Workshop

Review company reports on the case study (Financial Statements, Ratios etc)

Participants apply knowledge and techniques to case:

Exploration and group discussion of the impact of selected proposals on the case study

company Discussion and "What If" exploration on the model to allow participants work

quantify the "before and after".

Presenter led group discussion/assessment of selected proposals: