Essential financial knowledge required to support you at work. This specialised workshop is designed for individuals without a financial background who are involved in financial decision-making.
Live online events
Description
If you find yourself tasked with budgetary responsibilities or financial management in your role and are aiming to enhance your career by gaining a solid grasp of budgeting and financial management fundamentals, this workshop is tailored just for you.
Recognising the importance of financial literacy in climbing the ladder to senior leadership positions, this workshop is crafted for those who may not have formal training in finance but are in charge of managing budgets.
This workshop is your gateway to becoming proficient in finance, a vital skill for your professional advancement.
Key Content
- Fundamentals of Financial Management: Introduction to basic financial concepts, principles, and terminology.
- Budgeting Techniques: Comprehensive overview of various budgeting methods, how to prepare and manage budgets effectively.
- Reading Financial Statements: Skills to interpret and analyse balance sheets, income statements, and cash flow statements.
- Cost Management: Understanding cost types, cost behaviour, and strategies for cost control and reduction.
- Financial Decision Making: Tools and techniques for making informed financial decisions, including cost-benefit analysis.
- Risk Management: Identifying, assessing, and managing financial risks in business operations
- Performance Measurement: Techniques for assessing financial performance, including key financial ratios and benchmarking.
- Financial Reporting and Compliance: Overview of standard financial reporting practices and regulatory requirements.
- Strategic Financial Planning: Linking financial goals with strategic business objectives, long-term financial planning.
Duration
1 day
Delivery
Face-to-face or virtual workshop
Work-based activities, including presentations, group tasks and case studies
