FINANCE FOR NON -FINANCIAL MANAGERS€¦ · FINANCE FOR NON OVERVIEW A highly participative one day...
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FINANCE FOR N OVERVIEW A highly participati of financial statem they are shaped by participants to und language, you can decision-making sy Duration: 1 day OBJECTIVES On completion of t Why it is importan The purpose and c How your business statements– and h The Ten core elem The four main tech We will reinforce t assess a case-study performance WHO SHOULD ATT Anyone working in finance. Owner ma limited existing fin want to understan SUMMARY CONTE The Accounting Pro why finance is imp Loss Account - Wh The “Linkages Mod Key Results Ratios Break-even Analys Sensitivity Analysis The “Sherlock Holm The “Oliver Twist” NON-FINANCIAL MANAGERS ive one day workshop to provide practical and en ments, how they are used to assess business perfo y everyday business decisions and events. Put sim derstand “accountant-speak” in just one day. If y provide an input to the process. If you don’t - yo ystem this programme, participants will learn: nt that everyone in business should understand fi content of Financial Statements. s activities and decisions determine the values sh how they are not divorced from reality. ments that determine business performance. hniques used to assess business performance. the learning by using the knowledge and techniqu y business and formulate an action plan to impro TEND? n business who wishes to gain a sound overall und anagers and people thinking about setting up a b nancial skills. Advisers and managers in specialist nd how business and finance works. ENT ocess – the obvious view of finance. The Scoreca portant to everyone in business. The Balance She ho Controls the Business? – The "Maginot Line". del – connecting actions/decisions to profit sis s mes” method – the art of deduction ” way – The Ten ways of getting more from a bus nduring knowledge ormance and how mply, we will allow you understand the ou’re outside the inance. hown in the financial ues provided to ove its financial derstanding of business who have disciplines who ards in business – eet and Profit and siness
Transcript of FINANCE FOR NON -FINANCIAL MANAGERS€¦ · FINANCE FOR NON OVERVIEW A highly participative one day...
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:
