Day 1

09:00    Introduction
Housekeeping, course aims, delegate needs

09:10    Simulation: Business Period 1, Talks
Financial Performance: the balance sheet and income statement (profit and loss account)

Accrual Accounting: meanings, the normal accounting approach and the difference between cash and profit

10:00    Simulation: Business Period 2, Talks And Discussion
Financial Performance: return on capital employed (ROCE), staff utilisation
Accounting Treatments: valuation of work in progress, depreciation and others as required

11:00    Coffee

11:15    Simulation: Business Period 3, Talks And Discussion
Cash Management: cash improvement policies that work (operational, tactical and strategic)

12:30    Lunch

13:15    Talk, Discussion And Exercises
Costs And Cost Control: types of cost (fixed, variable, discretionary), factors affecting costs, profit margins and mark ups, cost control
Financial Decisions: setting selling prices

14:45    Tea

15:00    Simulation: Business Period 4, Talk And Exercises
Links To Strategy: competitive strategies, strategy generation and selection
Financial Performance: realisation and recovery (your KPI's)

16:45    Summary

17:00    Close

Day 2

09:00    Summary Of Day 1

09:10    Talk And Exercises
Financial Performance: key performance indicators (profitability, liquidity, debt and investor ratios)

10:10    Simulation: Business Period 5, Talk And Exercises
Financial Control: the benefits, methods and pitfalls of budgeting

11:00 Coffee

11:15    Simulation: Business Period 5 And Talk (continued)
Financial Control: the benefits, methods and pitfalls of budgeting (cont)
Financial Decisions: whether and when to outsource

12:45    Lunch

13:45    Talk And Exercises
Links To Strategy: introduction to risk, definitions, risk management
Financial Performance: warnings signs of imminent business failure (and other key statistics)

14:45    Tea

15:00    Simulation: Session 6
Financial Control: linking resources to strategy, efficient use of finance, people and information

Financial Decisions: the effects of discounting prices and missing budget targets

16:00    Review Of Performance, Discussion
Reviews of team performances, links to financial performance, links to strategy

16.55    Housekeeping And Winner Announced

17.00    Close

This is a typical 2 day finance for non-financial managers course for a service sector business. It uses The Business Experience to keep the course interactive and experiential.

This is only a sample: all our courses are bespoke to you.

We can include any specific requests such as your key performance indicators (KPI's), please just ask.

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