DESCRIPTION

This program is designed specifically as to ensure managers can develop the capacity to make informed financial decisions. Participants expand their awareness and understanding of the way finance affects their business objectives. Initially, participant are shown how financial data is generated and reported, and how this is then used for decision making, business analysis, and valuation of projects and businesses. Outlining the accounting process is at the very beginning of the program, followed by the role and importance of financial statements, budgeting, performance ratios and project analysis.  Participants learn to differentiate accounting and economic profits, and to review the key financial statements with an eye toward discerning between the two methods. Sensitivity and risk analysis is covered, as is analysis of how to manage working capital and weigh between alternative projects.  The orientation of this program is developing hands-on and practical skills, and hence Excel is used throughout the program.

TARGET AUDIENCE

• This program is suited particularly to professionals in the engineering, scientific and technical fields, across a wide range of industries. Individuals and cross-functional teams who are new to financial concepts, techniques and daily application benefit most from this program.

OBJECTIVES

• Understand how financial information I created and manipulated
• Identify and evaluate all major financial statements
• Knowledge of profit/loss, balance sheets and cash flow
• Competence in planning, monitoring and controlling a budget
• Understand budgeting, forecasting and valuation
• Weigh competing projects based on financial information
• Compare and contrast alternative projects and evaluate the performance of each
• Conduct alternative methods of valuation
• Explain how hedging and derivatives are used to reduce risk exposure

PREREQUISITES REQUIRED

No prior financial experience or knowledge is required.  This program is designed for participants who are numerate, and now exposed to financial decision-making.