Master Financial Literacy For Strategic Insights
Management Skills
FINANCE FUNDAMENTALS FOR BUSINESS EFFECTIVENESS
(Finance for non-finance managers)
Ability to analyse and interpret financial statements provides management with strategic insights to evaluate the strategy effectiveness. The ability to communicate effectively and apply critical thinking through financial data has never been more important in the strategic thinking and decision making process as today. Hone your financial acumen, tell a story with data, and more with this course from ODC.
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Why Take This Course?
With increasing emphasis on corporate governance and enhancing shareholders’ funds, financial awareness for managers is not an option, but a necessity. There is a greater need for managers at all levels to acquire financial knowledge to communicate with financial specialists and understand the financial impact of their operational decisions. Financial acumen is recognised as a key strategic decision-making tool for business managers today.
This two-day course transforms financial and accounting concepts into decision-making tools that can be used successfully every day. Participants will learn to apply the fundamentals of finance to improve budget management, increase potential profits, assess the financial viability of projects and ultimately, enhance shareholders’ value.
Resources & Quicklinks
View this course’s outline.
Sign up for the course.
Speak to an ODC Specialist.
Key Programme Outline
ODC’s Finance Fundamentals workshop empowers participants with the ability to understand financial literacy in the context of business, and equips them with critical knowledge of assessing projects from the financial standpoint.
1 See The Big Picture: What Makes A Business Successful
Understand the principles of business success, expectations of shareholders and their views of risk, and the importance of corporate governance
2 Understand The Reporting: What Has Been Achieved Thus Far
Participants will be equipped with skills to understand financial statements and be able to evaluate the financial performance and health of a business. They should also be able to appreciate the key underlying accounting concepts used in the preparation of financial statements, especially the application of revenue recognition and accrual concepts.
The structure and content of
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The Statement of Financial Position
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The Statement of Comprehensive Income
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The Cash Flow Statement
Understanding the Profit And Loss Account/Statement
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Recognition of sales/turnover and expenses
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Components of cost of goods sold
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Significant items affecting the bottom-line
Understanding the Balance Sheet
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Assets and liabilities
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Implications
Understanding the Cash Flow Statement
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Meaning
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Significance
3 Analyse The Annual Reports: What To Make Out Of Financial Information
Know how to interpret financial statements and analyse businesses strengths and weaknesses using ratio analysis
4 Design The Course Of Action: What Can Be Done To Improve The Business
Keeping these elements in mind will ensure that your message will be both listener-focused and persuasive.
Cash flow
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Foundation of credit management
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Cash flow management
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Assessment of working capital management
Sales and margins
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Relationships between sales and margin
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Impact on profitability
Cost behaviour
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Understand the various categories of cost
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Implication of costing
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How to perform a break even analysis
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How to calculate margin of safety ratio
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Ad-hoc cost consideration
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Short-term tactical decision
5 Business Investment Appraisal
Understand and apply the Payback and Net Present Value methods of appraisal in decision-making.
Learn From The Comfort Of Your Device (During Covid-19)
If you’re wondering if Covid-19 is going to prevent you or your team from attending our workshops - there’s good news.
ODC courses and workshops are fully online, and conducted through enterprise-grade software like Zoom and Udemy, which means you can learn from the comfort of your own home, yet have as close to the same experience as possible.
ODC’s Training Methodology
The workshop will involve formal inputs with activity-based skill-building exercises and interactive group discussions.
Participants will learn about their own working style and how best to work with other types of working styles. Participants will be fully engaged for optimal learning and maximum results.
Here’s What People Say About Our Courses
KNOWLEDGE IS POWER
Knowing about the different stages of conflict enables me to better manage diversity and develop my team.
Yenom Pte Ltd
Chin Lih Shyong
PRACTICAL
SKILLS
ODC Trainers are experienced, creative, clear in their explanations, and facilitate discussions effectively.
Adventus Singapore
Oh Si Hui
EXPERIENCE,
NOT JUST THEORY
Having the opportunity to role play in class helped me to gain a better understanding of the content.
NewWave
Pek Kian Kok
ODC Introduction
ODC (www.odctraining.com.sg) is a regional corporate training provider and also an ATO focusing on leadership development and management skills training (WSQ LPM).
Headquartered in Singapore, ODC provides skills-based workshops focused on delivering meaningful learning experience, anchored by quality trainers and sound adult learning principles that are trusted by global MNCs across 14 cities.
ANALYSE
SELECT CLIENTS
Gain Insights From Relevant
Hindsight, Taught Through
Highly Engaging Online Lessons
ODC carefully chooses industry experts and leaders, who have at least 10 years of management and training years in their chosen topic, so you get topic-relevant insight that’s tested and proven to work.
Our training lessons are deliberately designed to create an experiential learning (based on role plays) environment for your team’s WSQ LPM assessment. Learn while having fun!