For managers in today’s business world, it’s essential to have a working knowledge of finance. We all play a role in our organisation’s financial health, whether we realise it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table.
Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red. This two-day workshop will help you prepare budgets and make decisions with confidence.
Participants should complete Ican Development’s Accounting Skills for Business Managers course before this workshop or have equivalent knowledge.
Delegates will spend the first part of the day getting to know other participants and discussing what will take place during the workshop. Participants will also have an opportunity to identify their personal learning objectives.
This fun exercise will help you review some key concepts and ideas with participants.
The Fundamentals of Finance
In this session, participants will review basic financial concepts, generally accepted accounting principles, and the key players and roles in finance.
The Basics of Budgeting
Next, participants will learn what a budget is, what common types of budgets exist, and how their budget should fit into the big picture.
Parts of a Budget
Any good plan should have four parts. This session will teach participants what they are.
The Budgeting Process
Participants will spend the afternoon of Day One exploring what the budgeting process should look like through lectures and a three-part case study.
Budgeting Tips and Tricks
To begin Day Two, participants will look at some dos and don’ts of budgeting.
Monitoring and Managing Budgets
In this session, participants will explore how budgets can be managed and monitored.
Crunching the Numbers
Next, participants will get involved with ratio analysis, including current ratio, quick ratio, debt ratio, net and gross profit margin, return on sales ratio, debt to net worth ratio, cash turnover ratio, collection ratio, investment turnover, and return on investment.
Getting Your Budget Approved
This session will show participants how to get around the politics and pencil-pushers and get the money that they need.
Comparing Investment Opportunities
Investment opportunities within the business can be big decisions that require proper planning. This session will give participants a quick guide to making those decisions.
ISO 9001: is a structured process through which a company can raise the quality of the products and services that they provide, and then maintain that level. This session will introduce participants to that process and explore its impact on budgeting.
Directing the Peerless Data Corporation
Participants will spend the entire afternoon of Day Two doing intensive scenario learning. They will assume the role of Operations Director of the Peerless Data Corp. As employees, you will have to make five financial decisions. After each decision is made, debriefing points are provided. We will also facilitate a full debrief with discussion questions for the end of the exercise.
At the end of the course, students will have an opportunity to ask questions and fill out an action plan.
For details on the differences between “in-house” and “all-inclusive” please see below
We’re keen to ensure that all the participants get the most out of the day, so ideally, we would love to have a room that has natural daylight, space to move, sit and write / work in small groups and utilise the wall space.
It helps to have the equipment provided but we can provide screen, projectors, flip charts and sound etc.
The “in-house” price includes training materials for all participants and a brilliant trainer… come coach… come facilitator.
The price excludes facilitator travel / accommodation (if required) and VAT.
Quite simply, we take all the hassle, stress and time required to organise your course off-site.
We will provide;
We think this is great value and ideal for companies who do not have the resource or time to organise the training.
Please see “Terms” for specific details on our all-inclusive offer.
Full Course Terms and Conditions are available upon request and are provided during the booking process.
Coming Soon! Our “Back to School essential Business Skills Lessons.
A range of short classroom based sessions that can be delivered in just 40 minutes!
Back to School allows every learner to create a personal “school” timetable based on the learning topics / lessons they need the most. They just attend the classes and then go back to work, minimising time away from the day job whilst picking up top tips on personal effectiveness, soft skills and leadership / management.
Fast, interactive and energising ways to learn through Ican Development
Ican Development are a recognised Chartered Management Institute Centre offering a targeted range of high quality qualifications in Coaching and Mentoring as well as Leadership and Management.
We’re also very proud of the way we deliver our programmes with an emphasis on face to face learning using highly engaging and experiential approaches.
We are currently offering qualifications from Levels 3 to 6