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Full Day | Max. 14 Participants
Workshop Outcomes
- A good understanding of essential financial concepts/terminology.
- The ability to easily make sense of Balance Sheets and Income Statements.
- Insight to the interrelationship of key financial variables and metrics.
- Multiple ways in which managers can and do influence financial performance.
- An executive perspective on the financial drivers of a business.
- Appreciation of the financial goals/priorities of the organisation.
- More confidence in communicating with executive managers and financial people.
- Increased ability to ask pertinent questions about financial issues and performance.
- Better able to justify proposals/projects from a financial perspective.
- Improved decision-making through consideration of effects on financial performance.
Topics Covered
- The Window Model of a business, including three fundamental financial equations.
- ‘Window Model Thinking’ to understand the effects of decisions and transactions.
- The problem of financial jargon (at least two words for everything).
- The essence of accrual accounting and the real meaning of profit.
- Multiple levels of profit and related expenses and terminology.
- How any business can go bust while making a profit.
- The profit creation cycle and its measurement using the DuPont equation.
- The use of financial leverage and key ratios for measuring debt funding.
- How to easily and quickly interpret Balance Sheets and Income Statements.
- Fast financial analysis using common-size financial statements.
- Sources of ‘free money’ in a business and how to harness these to improve results.
- A non-traditional form of Return on Capital to measure financial productivity.
- The ROC Model and associated financial priorities and responsibilities.
- Financial variables that need to be managed simultaneously and continuously.
- Three ‘financial levers’ that determine financial productivity and profitability.
- A combination of important ratios that are ‘hidden’ within the ROC Model.
- What shareholders really want (profit vs rate of profit generation).
- Core factors and swing factors that determine operating cash flow.
- A magic trick that highlights a simple, yet crucial, aspect of financial acumen.
- Real-life case studies that provide essential practice and illustrate the concepts in action.
Location
- Willing to work remote
How can this workshop be delivered?
- Virtually
Overview
In these challenging times, it’s more important than ever that managers understand the language of finance, the financial dynamics of their business and how they personally impact on financial productivity and profitability. Every decision they make ultimately has financial consequences.
A key feature of this introductory workshop is that participants get to look at financial performance from a big-picture perspective. The key areas in which managers influence financial performance are identified. Participants gain a good understanding of the basic financial levers they can use to manage and improve financial results.
PROGRAM STRUCTURE:
There are four phases:
READY is a brief ‘priming phase’ to help participants establish the mindset to maximise their learning and program benefits.
SET is where the formal learning happens.
GO helps by (a) strengthening recall of learning, and (b) guiding successful application of learning in the workplace.
SHOW is mainly about sharing of application and learning (‘sharing and shining’).
* See below for duration of these phases *
Workshop Outcomes
- A good understanding of essential financial concepts/terminology.
- The ability to easily make sense of Balance Sheets and Income Statements.
- Insight to the interrelationship of key financial variables and metrics.
- Multiple ways in which managers can and do influence financial performance.
- An executive perspective on the financial drivers of a business.
- Appreciation of the financial goals/priorities of the organisation.
- More confidence in communicating with executive managers and financial people.
- Increased ability to ask pertinent questions about financial issues and performance.
- Better able to justify proposals/projects from a financial perspective.
- Improved decision-making through consideration of effects on financial performance.
Topics Covered
- The Window Model of a business, including three fundamental financial equations.
- ‘Window Model Thinking’ to understand the effects of decisions and transactions.
- The problem of financial jargon (at least two words for everything).
- The essence of accrual accounting and the real meaning of profit.
- Multiple levels of profit and related expenses and terminology.
- How any business can go bust while making a profit.
- The profit creation cycle and its measurement using the DuPont equation.
- The use of financial leverage and key ratios for measuring debt funding.
- How to easily and quickly interpret Balance Sheets and Income Statements.
- Fast financial analysis using common-size financial statements.
- Sources of ‘free money’ in a business and how to harness these to improve results.
- A non-traditional form of Return on Capital to measure financial productivity.
- The ROC Model and associated financial priorities and responsibilities.
- Financial variables that need to be managed simultaneously and continuously.
- Three ‘financial levers’ that determine financial productivity and profitability.
- A combination of important ratios that are ‘hidden’ within the ROC Model.
- What shareholders really want (profit vs rate of profit generation).
- Core factors and swing factors that determine operating cash flow.
- A magic trick that highlights a simple, yet crucial, aspect of financial acumen.
- Real-life case studies that provide essential practice and illustrate the concepts in action.
Who is this workshop for
Any non-financial manager or specialist who want to learn more about the financial workings of a business and the key levers to positively influence financial performance.
Prior knowledge of accounting or finance is NOT required.
Handouts/materials provided
READY: Self-paced priming materials provided online. Duration = about 1 hour over 1 week.
SET: A comprehensive online 'workbook' will be used during the 1-day workshop. There are no slide presentations, so all content is provided as part of the online resources. [NB. The online version of this program includes additional content/exercises. The SET Phase comprises 3 x 2.5 hour virtual workshops and 2 x 1-hour self-paced learning sessions.]
GO: Reinforcement exercises and support materials provided online. Duration = about 2 hours over 3-4 weeks, plus on-the-job application.
SHOW: Guidelines provided online. Duration = 1.5 hour virtual workshop.
What to bring
Laptop computer and charger. Writing paper, pens and highlighters will be provided for note taking.
Facilitator
About the facilitator
If you're looking for a highly experienced and highly skilled facilitator in developing FINANCIAL ACUMEN, you've come to the right place! Geoff has successfully delivered more than 600 financial acumen programs, locally and overseas.
Geoff also has specialist expertise in LEARNING EXPERIENCE DESIGN and has conducted numerous programs on how to design and deliver training (including e-learning) that is efficient, effective and engaging. Many learning professionals have benefitted from his 'Predictable Learning' methodology and his 'Ready-Set-Go-Show' implementation framework for impactful blended learning.
Geoff's programs are evidence of the power of the above methodology and four-phase approach, which significantly increase learner engagement and application of learning in the workplace. His programs are also suited to ONLINE DELIVERY, using a combination of virtual workshops and self-paced learning.
CLIENTS include many well-known organisations. Geoff has worked with Australia Post, Big W, BWS, CITEC, Energex, Laing O'Rourke, Myer, Queensland Health, St George Bank, Suncorp, Woolworths Supermarkets, and many others. Participants of his public workshops represent multiple industries and range from small professional service businesses to large, multinational corporations.
PARTICIPANTS rate Geoff's programs very highly. They frequently highlight his depth of knowledge, enthusiastic style and use of meaningful stories/humour. Geoff has a very successful track record in working with major corporations and maintains an exceptionally high level of repeat business.
Geoff is involved with the MindLeap company, which is creating new blended learning programs to develop CRITICAL THINKING skills in the USA. The company has already delivered programs for the FBI, Drug Enforcement Administration (DEA), Department of Homeland Security (DHS), and other high profile organisations. These leading edge programs will become available in Australia.
Geoff has played an active role in the L&D INDUSTRY. He has held a number of roles at the Asia Pacific Institute of Learning & Performance, which awarded him Life Fellow status. Geoff is especially proud of the APILP Innovation Award for the unique, work-based leadership development program that he created.
In case formal QUALIFICATIONS matter, Geoff has a Bachelor of Business Science (Hons.) majoring in Business Science and Psychology. He also has an MBA (specialising in Organisation Development and a research thesis on Transfer of Training).
A favourite QUOTE of Geoff's: "The quality of an organisation can never exceed the quality of the minds that make it up." -- Harold R McAlindon
Key Expertise
- Financial Acumen Development
- Human Performance Diagnosis
- Blended Learning Design
- Assessment-based Team Development
- Leader Self-development
- Self-directed Learning
- Corporate Values Development
- Learning Culture Development
- Critical Thinking Development
Industry Focus
- Financial Acumen - Commercial organisations, including government business enterprises.
- Learning Experience Design - Organisations with L&D specialists/departments.
Based in:
About the facilitator
If you're looking for a highly experienced and highly skilled facilitator in developing FINANCIAL ACUMEN, you've come to the right place! Geoff has successfully delivered more than 600 financial acumen programs, locally and overseas.
Geoff also has specialist expertise in LEARNING EXPERIENCE DESIGN and has conducted numerous programs on how to design and deliver training (including e-learning) that is efficient, effective and engaging. Many learning professionals have benefitted from his 'Predictable Learning' methodology and his 'Ready-Set-Go-Show' implementation framework for impactful blended learning.
Geoff's programs are evidence of the power of the above methodology and four-phase approach, which significantly increase learner engagement and application of learning in the workplace. His programs are also suited to ONLINE DELIVERY, using a combination of virtual workshops and self-paced learning.
CLIENTS include many well-known organisations. Geoff has worked with Australia Post, Big W, BWS, CITEC, Energex, Laing O'Rourke, Myer, Queensland Health, St George Bank, Suncorp, Woolworths Supermarkets, and many others. Participants of his public workshops represent multiple industries and range from small professional service businesses to large, multinational corporations.
PARTICIPANTS rate Geoff's programs very highly. They frequently highlight his depth of knowledge, enthusiastic style and use of meaningful stories/humour. Geoff has a very successful track record in working with major corporations and maintains an exceptionally high level of repeat business.
Geoff is involved with the MindLeap company, which is creating new blended learning programs to develop CRITICAL THINKING skills in the USA. The company has already delivered programs for the FBI, Drug Enforcement Administration (DEA), Department of Homeland Security (DHS), and other high profile organisations. These leading edge programs will become available in Australia.
Geoff has played an active role in the L&D INDUSTRY. He has held a number of roles at the Asia Pacific Institute of Learning & Performance, which awarded him Life Fellow status. Geoff is especially proud of the APILP Innovation Award for the unique, work-based leadership development program that he created.
In case formal QUALIFICATIONS matter, Geoff has a Bachelor of Business Science (Hons.) majoring in Business Science and Psychology. He also has an MBA (specialising in Organisation Development and a research thesis on Transfer of Training).
A favourite QUOTE of Geoff's: "The quality of an organisation can never exceed the quality of the minds that make it up." -- Harold R McAlindon
Key Expertise
- Financial Acumen Development
- Human Performance Diagnosis
- Blended Learning Design
- Assessment-based Team Development
- Leader Self-development
- Self-directed Learning
- Corporate Values Development
- Learning Culture Development
- Critical Thinking Development
Industry Focus
- Financial Acumen - Commercial organisations, including government business enterprises.
- Learning Experience Design - Organisations with L&D specialists/departments.
Based in:
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