Do you know how to factor in financial stakes and risks as you steer, manage and control your business?
How do you reconcile your operational concerns (what, why, how) with the concerns of your colleagues in finance (forecasts, measurements, action)?
What financial methods can you use to optimize the way your manage your business?

Objectives

Weigh up your contribution to your organization's growth and profitability
Develop financial awareness within your organization
Use tried and tested management methods, tools and techniques
Liaise more effectively with your finance department
Produce reliable forecasts and results
Drive your organization's financial performance

Program

1) Understanding financial data
- How to read a balance sheet.
- Understanding the income statement.
- Assessing the impact of your decisions on the balance sheet and the income statement.
- Creating value.
- Generating income.
2) Anticipating results
- Turning strategic objectives into operational targets.
- Developing a business plan.
- Preparing a budget.
3) Minimizing operational risk
- Mapping operational risk.
- Understanding risk-management tools.
- Implementing improvement plans.
4) Steering your business
- Maintaining high levels of performance.
- Designing and using a financial scorecard.
- Constructing rolling forecasts.

Benefits for the participant

Learn new financial skills that will boost your performance
Understand the hows and whys of financial management
Learn how to accurately forecast results

Benefits for the company

Develop a management team that can deliver sustained financial performance
Establish a financial culture that balances growth, profitability and risk

Concept

The four levers of financial performance
1] Understand financial data
2] Minimize operational risk
3] Anticipate results
4] Steer your business