The Financial Skills of Management
A comprehensive Two Day Master course designed to
give Senior non-financial Managers and
Company Directors the financial expertise vital for
profitable business management
The program progresses through six key strategic financial
areas. Each of these focuses on areas of core financial
responsibility, and each session deals with practical ways
you can use financial information to make better informed
managements decisions.
- Working with and Interpreting Financial
Statements
Utilising the information presented on the main financial
statements to gauge the actual financial performance of the
company. The practical use of financial ratios is also discussed to
highlight some issues not easily perceptible.
- Control using Budgets and Forecasts
Sufficient preparation is vital in assessing the future growth
of a business, and solving problems early enough to prevent
financial loss. This section discusses effective budgetary option
to provide direction and a means of monitoring progress.
- Financial Performance Management Systems
This section discusses options for implementing Financial
Measurement Tools such as the "Balanced Scorecard" and other
Performance Management Systems to improve control and understanding
of the business.
- Capital Investment Decision Making
Companies will only create value if they invest prudently in
terms of capital and project investment. This session looks at the
manager's role in evaluating feasibility studies to ensure that the
investment proposed is sound in basis and return.
- A introduction to Value Based Management
In this section, we discuss the benefits that a successful
application of Value Based Management can deliver to a company, and
we look at some relevant case studies.
- Creating Shareholder Added Value
During this session, we look at the definitions of SVA and
options and benefits of actively financially managing a business to
increase perceived Shareholder Value