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Full Day | Max. 15 Participants
Workshop Outcomes
- An understanding of the principles that are the foundation for producing financial reports
- Be able to differentiate between cashflow and profit
- Identify the key features of a profit and loss, balance sheet and cash flow statement
- Improve the quality of financial discussions by building a vocabulary of key financial terms
- Develop an ability to read financial information to improve business decision making
Topics Covered
- Glossary of key financial terms in everyday language
- Accounting basics
- Cash vs. accrual accounting
- Reading financial statements
- Your roles impact on financial outcomes
- Financial literacy quiz
Location
- Willing to work remote
- Willing to work interstate
- Willing to work internationally
How can this workshop be delivered?
- Face to face
Overview
Good business decisions require a sound understanding of people issues, stakeholder concerns, operational considerations and financial impacts. The first three of these can be developed through natural aptitude and business experience - financial understanding however requires specific knowledge and skills that are beyond learning on the job. This workshops aims to fast track the development of participant's financial acumen by improving their use of financial terminology, understanding how financial information is produced and practicing how to read financial reports. Participants are then able to enter into financial discussions with more confidence, ask better decisions to gain an improved understanding and ultimately make better decisions for the organisation.
For a more detailed understanding of management and financial accounting refer to the two day workshop - Accounting for Non-Accountants
Workshop Outcomes
- An understanding of the principles that are the foundation for producing financial reports
- Be able to differentiate between cashflow and profit
- Identify the key features of a profit and loss, balance sheet and cash flow statement
- Improve the quality of financial discussions by building a vocabulary of key financial terms
- Develop an ability to read financial information to improve business decision making
Topics Covered
- Glossary of key financial terms in everyday language
- Accounting basics
- Cash vs. accrual accounting
- Reading financial statements
- Your roles impact on financial outcomes
- Financial literacy quiz
Who is this workshop for
People involved in the interpreting of financial reports to make business decisions - but without a background in finance. The workshop could also apply to specialists (e.g. accounts payable / receivable staff) within the accounting department that need a fuller understanding of the whole role of finance.
Handouts/materials provided
Powerpoint
Activities
Handouts detailing key concepts
What to bring
Pen
Notepaper
Facilitator
About the facilitator
The skill that sets Doug apart from other training professionals is his ability to use his experience to bring concepts to life. It’s the stories, practical examples and problem solving discussions that help participants develop a level of understanding to support real, positive workplace changes. Doug is able to bring his experience in financial management, strategic planning and people leadership to provide meaningful context to all of his workshops.
Doug has spent over 20 years as a subject matter expert and a leader of teams. He has undertaken roles from front line manager to small business owner to divisional executive in both the private and not for profit sectors. This broad vocational experience, together with a strong academic background has provided a sound basis for the last 10 years of his career designing and delivering training programmes with real impact.
As a consultant, he has built an impressive portfolio of over 1500 workshop deliveries, including: -
• A member of two MBA faculties, delivering in finance, strategy and leadership units
• Financial acumen workshops for: - Westrac, IGO, Downer and a range of public sector entities
• Strategic planning programmes for: - Catholic Education WA, G8 child care centres and BoQ
• Emerging leader programmes for: - Bendigo Bank, Wesfarmers and BHP
• Contract management for: - DFES, Synergy, City of Rockingham, City of Stirling, Southern Port Authority
Based in:
About the facilitator
The skill that sets Doug apart from other training professionals is his ability to use his experience to bring concepts to life. It’s the stories, practical examples and problem solving discussions that help participants develop a level of understanding to support real, positive workplace changes. Doug is able to bring his experience in financial management, strategic planning and people leadership to provide meaningful context to all of his workshops.
Doug has spent over 20 years as a subject matter expert and a leader of teams. He has undertaken roles from front line manager to small business owner to divisional executive in both the private and not for profit sectors. This broad vocational experience, together with a strong academic background has provided a sound basis for the last 10 years of his career designing and delivering training programmes with real impact.
As a consultant, he has built an impressive portfolio of over 1500 workshop deliveries, including: -
• A member of two MBA faculties, delivering in finance, strategy and leadership units
• Financial acumen workshops for: - Westrac, IGO, Downer and a range of public sector entities
• Strategic planning programmes for: - Catholic Education WA, G8 child care centres and BoQ
• Emerging leader programmes for: - Bendigo Bank, Wesfarmers and BHP
• Contract management for: - DFES, Synergy, City of Rockingham, City of Stirling, Southern Port Authority
Based in:
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