Finance Financial Skills for Business Success

Duration

Classroom training 3 days
E-learning modules 5 x 30’

Dates

To access this program’s dates delivered in a range of Cegos locations across the world, please contact our offices.

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Ref. : 8504
Do you know how to factor in financial stakes and risks as you steer, manage and control your business?
How do you reconcile your operational concerns (what, why, how) with the concerns of your colleagues in finance (forecasts, measurements, action)?
What financial methods can you use to optimise the way your manage your business?
 
For whom
Managers and top managers
Anyone managing a cost centre, process or project
 
Objectives
Weigh up your contribution to your organisation’s growth and profitability
Develop financial awareness within your
organisation
Use tried and tested management methods, tools and techniques
Liaise more effectively with your finance department
Produce reliable forecasts and results
Drive your organisation’s financial performance
Program
1_ Understanding financial data
- How to read a balance sheet.
- Understanding the income statement.
- Assessing the impact of your decisions on the balance sheet and the income statement.
- Creating value.
- Generating income.

2_ Anticipating results
- Turning strategic objectives into operational targets.
- Developing a business plan.
- Preparing a budget.

3_ Minimising operational risk
- Mapping operational risk.
- Understanding risk-management tools.
- Implementing improvement plans.

4_ Steering your business
- Maintaining high levels of performance.
- Designing and using a financial scorecard.
- Constructing rolling forecasts.


A logical approach to corporate finance
Constructing and managing a budget
Strategic vision and activity management
Constructing your living balanced scorecard
Managing operational risks
Your blended training path
Benefits for the participant
Learn new financial skills that will boost your performance
Understand the hows and whys of financial management
Learn how to accurately forecast results
Benefits for the company
Develop a management team that can deliver sustained financial performance
Establish a financial culture that balances growth, profitability and risk
Concept
The four levers of financial performance

1] Understand financial data
2] Minimise operational risk
3] Anticipate results
4] Steer your business

Sharing financial management best practices with you
Your mission, if you accept it, is to...
Emotional events revolving around the balance sheet and income statement:
- Get to know the main items on a balance sheet and income statement, and be able to find them in your company’s financial documents
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The budgeting procedure puzzle
Fun role-play in sub-groups:
- Raise awareness that business management spans different time horizons
‘Industrial Corporation’ and ‘Corporate Risk Management’ case studies
Pairwork exercises, followed by full-group presentations and debriefing:
- Apply risk-analysis and risk-control methods

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Cegos Blended programmes in Chilean & Dutch
After the Middle East, Cegos localizes its blended learning offering in the Chilean and Dutch markets. This responds to today's companies' demand to apply global knowledge locally.

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Chairman of Cegos Group



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