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As the business climate becomes ever more competitive, the ability to understand the commercial imperative is now a key management skill. This course is aimed at all those who need a grasp of the key drivers of profitable and sustainable growth in business. It is designed for anyone who needs to improve their finance knowledge, from those without the necessary tools to those who want a refresher. Understanding the core elements of finance is crucial to commercial health. It is therefore essential that managers have sufficient financial awareness to fulfil their role successfully.
Employees with higher levels of business acumen ask questions that consider the big-picture impact of potential decisions and it is the answers to those questions which enhance the organisation’s performance.
Delegates are introduced to financial concepts through real business scenarios that they can relate to, showing them how their actions and decisions can impact on the organisation’s financial working.
The course enables delegates to confidently evaluate performance from the viewpoint of different stakeholder groups. They will be ready to identify and respond to the risks and constraints that could have a significant impact on their organisation’s future prospects. Areas covered include basic business financial management concepts and tools of analysis such as valuation, risk-return relationships, financial statement analysis, cost of capital, capital structure, and working capital management. This encompasses having an understanding of critical interdependencies across functions and divisions, and grasping the short and long-term trade-offs of business decisions.
By the end of the course delegates will be able to:
• Confidently evaluate performance from the viewpoint of different stakeholder groups
• Identify and respond to risks
• Properly compare year on year performance
• Fully assess the competition
• Attain a better appreciation of issues relating to quality, delivery, performance and pricing
• Apply basic financial valuation concepts
• Describe what determines the value of the company and how management can influence these values
• Measure the company’s risk; explain what determines this risk, and how this affects the value of a firm
• Analyse the firm’s performance to determine its particular strengths and weaknesses, and be able to use financial analysis to improve performance
• Forecast a firm’s financial needs
• Analyse financial statements using standard financial ratios of liquidity, activity, debt, profitability, market value and leverage
• Understand the three main Financial Statements for the company
• Create a Business Case for their project