Managers or even business owners who need help to prepare budgets and make decisions with confidence.
This training is designed by experts to boost leadership skills. It has been trained and updated since 2010.
Take full advantage of the combination of this live training and the eTraining access offered afterward. An exclusive offer in the Kenyan market.
Do not just wait to gain experience through time and hardship. This training will allow you to boost your leadership skills NOW and gain a life time experience in just few days.
For managers in today’s business world, it’s essential to have a working knowledge of finance. We all play a role in our organization’s financial health, whether we realize it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table.
Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red. This two-day workshop will help you prepare budgets and make decisions with confidence.
Participants should complete the Accounting Skills for New Supervisors course before this workshop or have basic knowledge in accounting.
Review the fundamentals of finance (including basic terms, generally accepted accounting principles, and financial roles in an organization).
Different types of budgets
A six-step budgeting process.
How to monitor budgets, perform basic ratio analysis, and compare investment opportunities.
Define basic financial terminology
Prepare a budget of any type or size
Get your budget approved
Perform basic ratio analysis
Make better financial decisions
The fundamentals of finance
The basics of budgeting and parts of a budget
SWOT analysis and problem solving
The budgeting process
Budgeting tips and tricks
Monitoring and managing budgets
Crunching the numbers
Getting your budget approved
Comparing investment opportunities
ISO 9001:2008
In-depth case studies and analysis opportunities
In this 2-day training, participant will have the chance to engage with a professional qualified trainer and coach and participate in numerous exercises and live quizzes to acquire the skills, theories, methods in this training.
2 days. On Demand
What’s Included:
Related Training:
Course Overview
The first part of the day is about getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.
Finance Jeopardy
This fun exercise will help you review some key concepts and ideas with participants.
The Fundamentals of Finance
In this session, participants will review basic financial concepts, generally accepted accounting principles, and the key players and roles in finance.
The Basics of Budgeting
Next, participants will learn what a leader’s role is in a team, and how to lead them through a discussion to reach an agreement point.
Parts of a Budget
Any good plan should have four parts. This session will teach participants what they are.
The Budgeting Process
Participants will spend the afternoon of Day One exploring what the budgeting process should look like through lectures and a three-part case study.
Budgeting Tips and Tricks
To begin Day Two, participants will look at some dos and don’ts of budgeting.
Monitoring and Managing Budgets
In this session, participants will explore how budgets can be managed and monitored.
Crunching the Numbers
Next, participants will get involved with ratio analysis, including current ratio, quick ratio, debt ratio, net and gross profit margin, return on sales ratio, debt to net worth ratio, cash turnover ratio, collection ratio, investment turnover, and return on investment.
Directing the Peerless Data Corporation
Participants will spend the entire afternoon of Day Two doing an intensive role play. They will play the role of Operations Director of the Peerless Data Corp. As the trainer, you will ask them to make five financial decisions. After each decision is made, debriefing points are provided. We have also provided discussion questions for the end of the exercise.
Getting Your Budget Approved
This session will show participants how to get around the politics and pencil-pushers and get the money that they need.
Comparing Investment Opportunities
Investment opportunities within the business can be big decisions that require proper planning. This session will give participants a quick guide to making those decisions.
ISO 9001:2008
ISO 9001:2008 is a structured process through which a company can raise the quality of the products and services that they provide, and then maintain that level. This session will introduce participants to that process and explore its impact on budgeting.
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