Financial Awareness

Course Overview

Your organization’s financial performance is inextricably connected to its success. Drive strategy by becoming fluent in financial structure, policy, performance and reporting. Make sound financial decisions through expanding your knowledge of costs, cash flow, and capital budgeting. Often, individuals are promoted to management without having a strong financial background. This program addresses that need and enables managers to gain financial literacy. Empowered with this knowledge, professionals build business strategies that consider and influence the company’s financial performance.

Learn More! Download Print Version

Key Outcomes

Emerging Leaders
Leading Others
Leading Leaders

This program teaches essential financial analysis techniques to new professionals and managers with non-financial backgrounds. It enables individuals to gain financial literacy and understand the numbers side of their business through applied learning using company financial reports and performance data. The focus is on reading and understanding the three key financial documents: balance sheet, statement of cash flows, and income statement.

In this session you will learn to:

- Identify the key elements senior business leaders need to make decisions

- Gain confidence in using both operational and financial metrics to support the issue you face

- Strengthen your influence and increase your impact in the organization

Managers are often key players in the budgeting process. This program will focus on the essential elements of budgeting – what it is, why is it important, how it contributes to the organization, and best practices for creating and managing a budget. The course will include discussion, worksheets, preparation of a mock budget and interactive feedback to assess understanding and accomplishment of objectives.

In this session you will learn to:

- Identify budgeting essentials, terminology and budgetary mechanics

- Specify the importance of quality input. What are possible problems if input, i.e. numbers, are faulty, incorrect or incomplete? What if there are material changes in circumstances after a budget is prepared?

- Create a basic budget

This module introduces leaders to the financing decision – determining the mix of debt and equity used to finance the company. It presents simple models for forecasting capital needs, and describes conditions under which internal and external sources of financing might be necessary. It introduces the different types of financing needs and discusses a variety of options for meeting these needs. It describes the advantages and drawbacks of the various forms of external financing, and explores the role of dividend policy in financing from internal and external sources.

In this session you will learn to:

 - Estimate the need for external financing, given a set of assumptions about financial performance 

 - Describe how retained earnings are a source of internal financing and how dividends play a role in financing decisions

 - Describe the primary sources of short-term and long-term financing, and under what general conditions these sources might be used

 - Evaluate the pros and cons of common financing instruments and describe the relative level of risk each instrument carries for investors