Financial Essentials

Managers all over the world are increasingly facing top-line and bottom-line demands amidst an environment that is uncertain and challenging. Hence, for a manager to be effective, he or she should have good business acumen for which fundamental financial knowledge is critical.

The program is designed for Managers and Leaders who want to enhance their ‘business acumen’ and take positions of responsibility and accountability. Additionally, it enables participants to improve their knowledge of finance and financial analysis to better monitor and control the performance of their companies.

The approach taken during the program is one from a business perspective to understand better the flow of money and critical links for control and results within the organization.

The program uses a wide variety of participative methods including mini case studies to understand company balance sheet, income statements, cash flow statements, and statements to add value to the effective management of organization.

Key Learning Outcomes
• Get an insight into the key financial statements – the Income Statement, the Balance Sheet and the Cash Flow Statement
• Appreciate terminologies used by finance directors or accountants allowing you to contribute more effectively to board room discussions
• Demystify the myth that ”financial concepts” are complex
• Learn finance from a “business perspective”
• Understand how the numbers are generated, how they can be manipulated
• Evaluate and assess methods of financial statements using effective ‘basic analysis’ and accepted financial ratios.
• Learn tips on areas to focus on in managing a business from the ‘C level’ perspective and enhance the value of your organization
• Appreciate working capital management and operating working capital and why it is important in critical times of uncertainty
• Know the differences between Statutory Financial Statements and Management Accounts and their essential uses
• Understand the key financial KPIs
• Obtain knowledge of types of costs, profit and breakeven as financial tools
• Get an insight into costs concepts and marginal costing for effective decision making
• Understand the importance of budgets and forecasts and its drivers and controllers
• Get an overview of capital expenditure
• Learn the importance of Capital Expenditure (CAPEX) decisions and how they are determined in organizations 

Who Should Attend
Directors, Managers and Executives at all levels who use financial information in the course of their work but does not have any specialised training in understanding financial information. Prior knowledge of accounting or finance is not required

Course Director
Richard Jacob, MBA [Cranfield, U.K]
Richard Jacob is a skilled global trainer and facilitator. He has consulted and trained some 10,800 General Managers and executives in several companies in Asia in his core business competencies which are Fundamentals of Finance, Marketing, Leadership, Strategy and Change.