COURSE OBJECTIVES
By the end of this program, participants will be able to:
- Understand basic financial concepts and terminology.
- Interpret financial statements effectively.
- Assess financial performance using various indicators.
- Apply budgeting techniques to manage personal finances.
- Manage organisational finances through effective budgeting.
- Recognise key financial metrics and understand their implications.
- Make informed financial decisions based on thorough financial analysis.
TARGET AUDIENCE
- Managers looking to enhance their leadership skills.
- Team leaders aiming to develop their team's financial understanding.
- Employees interested in improving their financial literacy.
- Individuals seeking to gain better control over personal finances.
- Small business owners wanting to strengthen their financial knowledge.
- Professionals aiming to make informed financial decisions.
- Entrepreneurs looking for resources to manage their business finances effectively.
DAY 1: Introduction to Financial Concepts
- Fundamental financial terminology and principles.
- Overview of financial management practices.
- The significance of financial awareness in both personal and professional environments.
- Essential financial statements: Balance Sheet, Income Statement, and Cash Flow Statement.
- Key financial metrics and ratios.
DAY 2: Understanding Financial Statements
- Elements of financial statements.
- Techniques for reading and interpreting financial statements.
- Evaluating financial performance through key ratios.
- Common financial mistakes and strategies to avoid them.
- Case studies focusing on financial statement analysis.
DAY 3: Budgeting and Financial Planning
- Fundamentals of budgeting and financial planning.
- Creating personal and organisational budgets.
- Methods for tracking and managing expenses.
- Establishing and reaching financial objectives.
- Resources and software for effective budgeting.
DAY 4: Key Financial Metrics
- Understanding and calculating essential financial metrics: ROI, ROE, and Profit Margins.
- The importance of financial metrics in making informed decisions.
- Benchmarking and evaluating performance.
- Consequences of financial metrics for strategy and operational decisions.
- Practical examples and hands-on exercises.
DAY 5: Making Informed Financial Decisions
- The process of decision-making in financial management.
- Assessing investment opportunities and associated risks.
- The influence of financial decisions on overall financial well-being.
- Strategies for effective financial decision-making.
- Real-life scenarios and practical applications.
