This course will give managers at all levels a concrete overview of all aspects of managing the finances of a business or project. Some of the areas you will delve into are budgets, business plans, balance sheets and income statements, strategic vision, managing operational risks, assessing profitability, cash flow problems, accounting documents and financial forecasts.
After working through the modules of this course you will feel secure in your working knowledge of the finances of your business and your understanding of how problems occur and what steps you can take to solve them.
The fifteen modules in this course are:
A logical approach to corporate finance – understand the relationship between operational decisions and the impact on the balance sheet and income statement, key concepts of value added
Constructing and managing a budget – focus on the impact of your budget as an essential step in managing the company
Strategic vision and activity management – learn to define and implement a control enabling you to attain your objectives
Constructing your living balanced scorecard – learn to use a scorecard as a steering and reporting tool
Managing operational risks – understand risk management tools, identify and assess risks
How to carry out a financial analysis – define the financial analysis process, learn to use financial analysis tools
Assessing the profitability of an investment project – use and interpret profitability criteria
Analysing and solving cash flow problems – identify the causes of a reduction in cash flow and master the solutions to cash flow problems
Decoding the balance sheet and income statement – identify and analyse the structure and content of the balance sheet and income statement as well as each person’s role in these documents
Analysing and evaluating corporate financial data – master the basics of financial analysis, use ratios, detect additional sources of information, understand scoring and rating (the external view of banks and financial markets)
Relating your contribution to value creation – discover how to improve your company’s economic performance through the five principles of value creation, engage in more effective dialogue with internal and external finance providers by understanding the cash flow statement and the importance of Free Cash Flow
IFRS essentials – receive a structured approach to IRFS essentials
What is what in accounting documents – understand balance sheets and income statements, accounts, booking entries, an entry’s path from the accounting books to the balance sheet
Building and using cash flow forecasts – learn when and how to use a cash flow forecast
Building and using medium-term financial forecasts – learn why and how medium to long-term cash flow forecasts serve two purposes: keeping the company’s cash levels adequate and forestalling possible problems.