Overview

Managers across all levels require a practical, working knowledge of financial management to make informed business decisions. They need to build the confidence and skills to use financial information to manage and appraise functional and organisational performance and effectively contribute to strategic decisions.

This comprehensive programme is hands-on, transformative, and business-oriented. It has been designed to change the way managers look at the financial data, develop their analytical perspective and gain the confidence and knowledge to hone successful financial planning and management skills. This program is grounded in current, relevant thinking and placed in the context of the decisions managers make every day.

Areas covered

• Using financial information as a management tool – management or financial accounts?
• The financial implications of your daily decisions
• How operational income and costs are accounted for and the implication to your management responsibility.
• The structure and interrelationship of financial statements
• Understanding working capital: what is it? How do we manage it?
• How to interpret business performance from financial information/statements
• The limitations of relying on ratio analysis
• Tools for telling the future: budgets, forecasts, projections, and tea leaves.
• Controllable and uncontrollable expenses: What expenses are you able to control.
• Understanding your responsibility areas and drivers of value: cost centre, revenue centre, profit centre and investment centre