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Half Day | Max. 12 Participants
Workshop Outcomes
- Confidence navigating the financial statements and being able to talk to the financials
- Ability to identify trends and linkages within the accounts
- Know the relevance of key ratios, what they mean, how to calculate and interpret them. Determine the most relevant ratios for your business
- Monitor performance against business objectives and strategy through understanding the story the accounts are telling
- Spot any warning signs and know the questions to ask
- Understand the financial impact of key decisions
Topics Covered
- Recap of foundational concepts underpinning financial literacy, e.g. how a balance sheet balances, cash vs profit, terminology
- Using a case study to review, analyse and interpret a set of example financial statements
- Explore the inter-relationship between the profit and loss account, balance sheet and cash flow statement, demonstrating why all 3 statements are required to understand the full picture
- Ratio analysis -using our case study, practice calculating and interpreting key ratios
- Practice correlating business strategy, objectives and decisions with financial performance
Location
- Willing to work remote
- Willing to work interstate
How can this workshop be delivered?
- Face to Face
- Virtual
Overview
Financial literacy is a must have skill for all business leaders. It's the foundation of making informed judgments and decisions to build financial resilience.
Understanding the financial statements is the key to being able to understand the performance of the business. The financials tell a story, but it's a story book that leaders need to develop the skills to be able to read.
This workshop focuses on reading and interpreting financial statements, developing skills to be able to understand the inter-relationship between the various components of the financials, spot trends, anomalies and any warning signs. Analytical skills will be enhanced through the application of key ratios enabling a fuller picture of how the business is performing to be understood. Participants will develop their business acumen and confidence in their questions.
This workshop uses the unique Colour Accounting Learning System "Now Let's Talk Business Analysis" materials under license from Wealthvox.
Workshop Outcomes
- Confidence navigating the financial statements and being able to talk to the financials
- Ability to identify trends and linkages within the accounts
- Know the relevance of key ratios, what they mean, how to calculate and interpret them. Determine the most relevant ratios for your business
- Monitor performance against business objectives and strategy through understanding the story the accounts are telling
- Spot any warning signs and know the questions to ask
- Understand the financial impact of key decisions
Topics Covered
- Recap of foundational concepts underpinning financial literacy, e.g. how a balance sheet balances, cash vs profit, terminology
- Using a case study to review, analyse and interpret a set of example financial statements
- Explore the inter-relationship between the profit and loss account, balance sheet and cash flow statement, demonstrating why all 3 statements are required to understand the full picture
- Ratio analysis -using our case study, practice calculating and interpreting key ratios
- Practice correlating business strategy, objectives and decisions with financial performance
Who is this workshop for
For directors, business leaders and managers from a non-financial background who have experience of reviewing and working with accounts, are comfortable with the basics and wish to take their skills to the next level.
This workshop is ideal for a leader that now has whole of organisation financial responsibility or a director who needs to be able to apply their existing knowledge to interpreting the financial statements.
Ideally participants will have completed "Essential finance skills for Leaders" or similar previously.
Whilst the preference is to limit the group size to 12 for the purpose of enhancing learning outcomes by creating a safe space, please enquire about larger groups.
Handouts/materials provided
Print your own activity workbook
What to bring
Your questions, a pen and a calculator. Come prepared to be a little vulnerable, admit what you don't know and ask all those questions you thought were too silly to ask your accountant.
Facilitator
About the facilitator
Debbie Millard is renowned as "the friendly face of finance," characterising herself as a people person who also excels in crunching numbers. She takes pride in the fact that her vibrant personality is often seen as too lively for an accountant's role.
Debbie has earned a reputation for discussing business finances in layman's terms, demystifying accounting terms and concepts so those without a financial background can grasp them. She builds trust with her clients by keeping workshop groups small, fostering an environment where it's safe to acknowledge gaps in knowledge. Her guiding principle is that "there is no such thing as a stupid question."
Workshop attendees have noted Debbie's exceptional talent for making finance an engaging and enjoyable subject, customising the material to meet the needs of the group and helping them achieve clarity.
Debbie, a financial literacy facilitator, is skilled at working with a broad range of clients, from large corporations and government entities to non-profits and small-to-medium enterprises. Her roles as a facilitator for the Australian Institute of Company Directors, the Small Business Development Corporation, and various non-profit boards have well-prepared her for this breadth of work.
Debbie honed her skills as a chartered accountant at KPMG, grew into a Chief Financial Officer role in a large private company, served as a non-executive director and Chair for non-profits, and has been a business coach for small-to-medium enterprises.
Debbie’s clients choose to work with her because she is down to earth. They know she has got the professional qualifications and experience to add value, but they want someone who is approachable. She fits in with organisations that are values based and genuinely care about their people.
Key Expertise
- Financial literacy for Directors
- Financial literacy for Leaders
- Financial literacy for Business Owners
- Making finance fun
- Talking about numbers in a way everyone can understand
Industry Focus
- Large Corporates
- For Purpose Organisations
- Private & family business
Based in:
About the facilitator
Debbie Millard is renowned as "the friendly face of finance," characterising herself as a people person who also excels in crunching numbers. She takes pride in the fact that her vibrant personality is often seen as too lively for an accountant's role.
Debbie has earned a reputation for discussing business finances in layman's terms, demystifying accounting terms and concepts so those without a financial background can grasp them. She builds trust with her clients by keeping workshop groups small, fostering an environment where it's safe to acknowledge gaps in knowledge. Her guiding principle is that "there is no such thing as a stupid question."
Workshop attendees have noted Debbie's exceptional talent for making finance an engaging and enjoyable subject, customising the material to meet the needs of the group and helping them achieve clarity.
Debbie, a financial literacy facilitator, is skilled at working with a broad range of clients, from large corporations and government entities to non-profits and small-to-medium enterprises. Her roles as a facilitator for the Australian Institute of Company Directors, the Small Business Development Corporation, and various non-profit boards have well-prepared her for this breadth of work.
Debbie honed her skills as a chartered accountant at KPMG, grew into a Chief Financial Officer role in a large private company, served as a non-executive director and Chair for non-profits, and has been a business coach for small-to-medium enterprises.
Debbie’s clients choose to work with her because she is down to earth. They know she has got the professional qualifications and experience to add value, but they want someone who is approachable. She fits in with organisations that are values based and genuinely care about their people.
Key Expertise
- Financial literacy for Directors
- Financial literacy for Leaders
- Financial literacy for Business Owners
- Making finance fun
- Talking about numbers in a way everyone can understand
Industry Focus
- Large Corporates
- For Purpose Organisations
- Private & family business
Based in:
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