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Full Day | Max. 15 Participants
Workshop Outcomes
- A base level of knowledge around financial systems to enhance the quality of communication within and between teams
- Understand the linkages between operational matters and financial outcomes
- Improved quality of budgeting and forecasting
- Using financial tools to make better management decisions
Topics Covered
- Accounting basics: - definitions, equations, financial statements, data quality and constraints
- The nature of revenues and costs: - fixed, variable, semi variable and stepped
- Principles of budgeting and variance analysis
- Financial tools: - ratios, break even analysis and capital expenditure budgeting
Location
How can this workshop be delivered?
- Face to face
Overview
Often there are key managers in organisations that are provided with financial information but have never been taught how to understand it. This workshop takes participants through the basics to improve understanding, awareness and ultimately decision making by using financial information more effectively.
Workshop Outcomes
- A base level of knowledge around financial systems to enhance the quality of communication within and between teams
- Understand the linkages between operational matters and financial outcomes
- Improved quality of budgeting and forecasting
- Using financial tools to make better management decisions
Topics Covered
- Accounting basics: - definitions, equations, financial statements, data quality and constraints
- The nature of revenues and costs: - fixed, variable, semi variable and stepped
- Principles of budgeting and variance analysis
- Financial tools: - ratios, break even analysis and capital expenditure budgeting
Who is this workshop for
This workshop is specifically aimed at people who have operational, people and stakeholder acumen, but lack the missing piece of financial acumen. Often this will be subject matter experts, new leaders and even people in the organisation already exposed to financial reports - but have never had any formal training in interpreting them.
Handouts/materials provided
A comprehensive workbook including reference information, activities, case studies and a glossary of common terms is provided with the workshop. A commitment page at the end of the workshop encourages participants to continue their learning back in the workplace.
What to bring
Participants are encouraged to bring a pencil, eraser, calculator / phone. An option is available to supply samples of financial reporting from the workplace. This can be used to help tailor the workshop to each participant,s or group's needs.
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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