(08) 9383 8000
2 Days
Overview
In a fast moving, ever changing business environment, organisations need to be skilled at forecasting and anticipating their financial future.
This analysis enables leaders at all levels to plan and respond positively to changes as they occur. You will work through a series of case studies to demonstrate some of the most useful methods for forecasting and identifying potential scenarios. Then, using their own information they can apply the techniques to their organisation or project.
Participants will work through a series of case studies to demonstrate some of the most useful methods for forecasting and identifying potential scenarios which can be used to determine the optimum cost for financing your business.
Who will benefit
Finance, accounting and business analysts charged with the responsibility of preparing some predictive models for their whole organisation or for major projects. Participants should have a basic knowledge of accounting and Microsoft Excel.
Content
- Using statistics, graphs and charts to describe financial data
- The mechanics of building operating budgets
- Analysing variances to budgets
- Prioritising projects with cost benefit analysis
- Financial considerations in pricing decisions
- Assessing financing options
- Making long term financial projections.
Learning Outcomes
Participants should be able to:
- Present financial information in a more meaningful manner
- Improve the quality of financial forecasts
- Identify meaningful actions by comparing actual results to forecasts
- Understand the full implications of pricing and financing decisions
- Consider past results, current strategies and likely future conditions to produce long term financial projections.
Every manager needs to operate within a budget. During this course you will examine a variety of approaches for developing a budget and monitoring performance against an agreed business plan.
The Finance for Non-Finance Managers training course is for those who need an understanding of finance to make sound commercial decisions. You will learn how to improve budgeting processes within your team, explore tax implications of business structures and learn how to ask insightful questions about the organisation's finances.
If you need to build your financial acumen and would like to integrate financial information into your decision making, this course is for you. This accounting training will cover how to link financial objectives to company strategies and interpret financial data to make better decisions.
This course is designed for those who have had little or no exposure to accounting concepts and want to gain an introductory level of financial awareness.