FUNdamentals of finance
General duration
1.5 days
Target group
The success of this workshop comes from the combination of fun and highly participative learning. Delegates begin by analysing and solving the personal finance problems of a fictitious character called Nick Nelson. They progress rapidly by applying the same simple processes to a company’s financial statements. Later on, participants work as companies in teams of three, playing a competitive computerised board game whose objective is to maximise profitability. The game generates great excitement but, more importantly, reinforces the key learning points in a very practical, relevant and realistic way. The Fundamentals of Finance program has been developed by Bonanza, a Swedish company, and Birch Consulting Group, together with its sister company Financial Training Australia, has exclusive rights to its delivery in Australia
Learning objectives
At the completion of this course participants should be able to:
- understand the key financial reports and the basic accounting function and terminology,
- recognise the impact of various financial strategies,
- determine some of the factors that cause unsatisfactory profits
- appreciate the importance of cash management and its impact on future business performance,
- be able to identify and understand some key financial ratios
- start to interpret financial statements to determine where management attention should be directed, and
- have greater confidence when communicating with internal finance departments and external finance contacts.
Course content
This course includes:
- Basic Financial Statements (Profit & Loss Account, Balance Sheet and Cash Flow)
- Key Ratios
- Cash Flow Management
- Basic Budgeting
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