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Finance for Managers Foundation Library
The online learning solution that bridges the gap between financial literacy and business acumen.
Business Acumen for everyone
It is not just managers who need to develop their business acumen. All frontline contributors should at least have a basic understanding of the fundamentals of business.
Our Finance for Managers Foundation Library will equip you with all the necessary knowledge to understand the financial terminology and concepts to be able to play an active role in improving the financial performance of your organisation.
The courses
It is not just managers who need to develop their business acumen. All frontline contributors should at least have a basic understanding of the fundamentals of business.
Our Finance for Managers Foundation Library will equip you with all the necessary knowledge to understand the financial terminology and concepts to be able to play an active role in improving the financial performance of your organisation.
Finance Competency Assessment Tool
FACT has been designed to provide a training needs analysis of your financial competence as well as guiding you through the training process by the use of an Individual Learning Plan.
More information about the Financial Competency Assessment Tool.
Introduction to Financial Statements: 1.5 - 2 Hours
Understand the purpose and nature of the three key financial statements, Profit and Loss Account, Balance Sheet and Cash Flow and the accounting principles on which they are based. Understand how they reflect individual business transactions and their role in controlling and measuring business performance.
Profit and Loss Account: 1.5 Hours
Understand the structure and elements of a Profit and Loss Account. Learn how to differentiate between the different costs, expenses and other deductions affecting the overall profit of a business and specific operating decisions. Be able to construct a Profit and Loss Account with your own figures.
Balance Sheet: 2 - 2.5 Hours
Understand the nature of a balance sheet and what it tells you about the financial makeup of a business. Learn the meaning of the classification of assets and liabilities and the concept of working capital. Be able to format the balance sheet to analyse performance and improve decisions.
Cash Flow: 2 - 2.5 Hours
Understand the vital importance of managing cash in a business and how cash differs from profit. Learn to differentiate between the sources of cash and focus on operating decisions that improve cash flow. Be able to calculate cash flow from your company’s financial statements.
Costing Decisions: 2 - 2.5 Hours
Understand the meaning of fixed vs. variable costs and the calculation of contribution margin and break even analysis. Be able to use these analytic concepts in support of product selection, production and pricing decisions.
Introduction to Financial Analysis: 0.5 Hours
Understand the value of financial analysis in guiding management decisions. Learn by example how ratios can be used to diagnose and improve operating performance.
Investment Appraisal: 2.5 - 3 Hours
Understand how to apply several techniques for analysing the financial impact or feasibility of projects involving large capital expenditures based on cash flow and the time value of money. Apply sensitivity analysis to refine these decisions and measure risk.
Profit Margin: 1.5 - 2 Hours
Understand the calculation of profit margin and its relevance to benchmarking performance in different industries. Be able to use profit margin and profitability ratios to improve the ability to choose among alternative courses of action.
Asset Turnover: 2 - 2.5 Hours
Understand the concept and calculation of asset turnover. Learn how to apply working capital and fixed asset ratios to analyse performance trends and identify opportunities for improvement. Be able to calculate and analyse asset turnover using your own company data.
Return on Capital Employed: 2.5 - 3 Hours
Understand why and how ROCE is the integrated measure of operating performance for a business. Learn how to apply ROCE analysis to specific business situations. Use the ROCE flow chart model to analyse a specific business situation in your own business.
Cash flow challenge
A dynamic business simulation
Cash flow challenge is included in this library. The simulation is designed to increase users’ awareness of the key issues of cash flow and the impact that decisions have on this through the use of engaging and exciting online business scenarios.
More information about Cash flow challenge.
What's next?
You can order 12 months access to the library online.
Alternatively, please contact a training advisor on +44 (0)207 371 4444 or email financetraining@ilxgroup.com to discuss any questions or specific requirements you may have.
More than one person to train?
We also offer corporate licensing. Contact one of our training advisors on +44 (0)207 371 4444 for more details. Alternatively, request a quote with your requirements and we will contact you.
