Description
Money matters can be intimidating for even the smartest people. However, having a solid understanding of basic financial terms and methods is crucial to your career. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you’ll want to know what people are talking about, and you’ll want to be able to participate in the discussion. The Budgets And Financial Reports workshop will give you a solid foundation in finance. We’ll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.
Designed for
Those who want to learn about Finance in Business.
Anyone who wants to understand budgeting, Financials Statements and the running of finance in business.
Learning Objectives
By the end of this workshop, you should be able to:
Identify financial terminology.
Understand financial statements.
Identify how to analyze financial statements.
Understand budgets.
How to make budgeting easy.
Understand advanced forecasting techniques.
Understand how to manage the budget.
Identify how to make smart purchasing decisions.
Identify the legal aspects of finances.
Getting Started
Just to make sure the experience is as smooth as possible we’d like to suggest a couple of things you may or will need to get on with the course:
While we are happy for anyone to enroll in the course, we suggest that you should be at least managing/leading a team (big or small) or preparing for a role that requires your leadership skills
Internet connection is a big must
Readiness to learn, remember this is about you and so you need to be ready to take time to yourself and motivate yourself
Maybe something to write some notes down or ideas, but don’t worry the course documents can be downloaded at the end of the course for you to review and use at any time
Have fun!
The Journey
Get to know Finance
What’s in it for me: Get to know the key aspects of what is finance? What are the commonly used terms, key players, important financial organizations? Learn and understand GAAP.
Case Study: 1 Review Questions:1
Understanding Financial Statements
What’s in it for me: What are balance sheets?, income statements (AKA Profit & Loss Statements?), statement of retained earnings, statement of cash flows and annual reports? This session explains all these statements and how they are used.
Case Study: 1 Review Questions:1
Analyzing Income Statements & More (I)
What’s in it for me: Learn about Income ratios, profitability ratios, liquidity ratios, working capital ratios, and bankruptcy ratios.
Case Study: 1 Review Questions:1
Analyzing Financial Statements (II)
What’s in it for me: Get to know more about the Long-term analysis ratios, coverage ratios, leverage ratios, and calculating return on investment (ROI).
Case Study: 1 Review Questions:1
Understanding Budgets
What’s in it for me: This session covers all the common types of budgets. What information does one need? Who should be involved? What should a budget look like?
Case Study: 1 Review Questions:1
Budgeting Made Easy
What’s in it for me: Learn about factoring in historical data, gathering related information, adjusting for special circumstances, putting it all together, and computer-based methods.
Case Study: 1 Review Questions:1
Advanced Forecasting Techniques
What’s in it for me: Learn how to use averages, regression analysis, extrapolation and formal financial models to perform advanced forecasting technique.
Case Study: 1 Review Questions:1
Managing the Budget
What’s in it for me: This session covers how to tell if you’re on track, should your budget be updated?, keep a diary of lessons learned, and when to panic!
Case Study: 1 Review Questions:1
Making Smart Purchasing Decisions
What’s in it for me: Learn about the 10 questions you must ask, determining the payback period, deciding whether to lease or buy and thinking outside the box.
Case Study: 1 Review Questions:1
A Glimpse into the Legal World
What’s in it for me: It is important to know the brief history of finance and why we do what we do – learn about the Sarbanes-Oxley Act, CEO/CFO Certification, and 8th company law directive.
Case Study: 1 Review Questions:1
Closing up the course
What’s in it for me: You’ve done it, well done! But don’t stop here. Let’s summarize all you have learnt and remember knowledge is no good kept in a cupboard. Implement what you have learnt, try the tools and see the outcome until you find a combination that works for you! Congratulations we know you got what it takes to make a great leader!
Case Study: 1 Review Questions:1
