Financial Management and Strategy Made Easy!

Finance for Managers Practitioner Library

The online learning solution that bridges the gap between financial literacy, business acumen and financial strategy.

Business Acumen for everyone

When business acumen is embedded in an organisation, its managers begin to ask more informed questions. Questions that are directed not only at the organisation, but also at themselves and their departments. Questions that take into account the impact of potential decisions on different parts of the business and also how the outcome of their decisions will finally impact upon the company’s strategy, financial performance and results.

• Has the cost of production gone up? If so, why?
• Have we changed our pricing model? If so, how has that affected our margins?
• If our production unit costs have gone up, can we better control our production processes or service delivery?
• Is there a way to produce a greater product volume at the same cost?
• Can we raise prices, yet still provide value to the customer and remain competitive?

When questions become more informed, the right decisions can be made.

Our Finance for Managers Practitioner 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

Includes all courses in the Finance For Managers Foundation library, plus the following items:

Return on Equity: 2 - 2.5 Hours

Understand the meaning of Return on Equity and its relationship with ROCE. Learn how corporate borrowings and interest rates affect ROE through the concept of Gearing. Be able to relate ROE to the degree of financial risk in a business.

Dividends and Growth: 2 - 2.5 Hours

Understand the inter-relationship and consequences of dividends and how the requirements to fund growth in a business influence the adoption of a dividend policy. Learn how the growth of sales and assets are related to a company's ability to sustain its growth rate and the implications for financing that growth.

Introduction to Activity Based Costing: 1 - 1.5 Hours

Understand limitations in traditional costing systems and how Activity Based Costing can be used to more effectively allocate costs leading to better business decisions in areas such as pricing, product mix and cost reduction activities. Learn the underlying approach to ABC and some of the issues in its implementation.

Introduction to Shareholder Value: 1 - 1.5 Hours

In this introductory course to the concept of value based management you will understand the principle and importance of shareholder value and how it is calculated using the share value added (SVA) and free cash flow approaches. Learn what actions management can take to improve SVA of a business.

Introduction to Working Capital: 1 - 1.5 Hours

Working capital is a critical factor in the sustainability and viability of any business. At the same time, financing working capital can be very costly, so the proper management of working capital is of vital importance. This course defines what is meant by working capital, examines the costs involved, and outlines a number of different ways in which working capital can be financed.

Stock Management: 1 - 1.5 Hours

Understand the principal considerations of inventory management. Learn to calculate the different types of cost associated with holding inventory, and to determine when and how much to order. Understand the concept of Just-in-Time inventory management.

Cash, Receivables and Payables: 1.5 - 2 Hours

Understand the three main elements of a cash management strategy. Learn what is involved in the credit control of new and existing customers and describe the five ways of shortening the debtors conversion period. Understand how to manage your creditors to maximise the credit period without affecting supplier goodwill.

Driving Value: 1.5 - 2 Hours

Management needs to focus action explicitly and measurably on the key value drivers of the business in order to generate and sustain high value strategies over time. This course defines the term ‘value driver’ and identifies value driver characteristics. It also explains the importance of having a coherent hierarchy of value drivers.

The Value Model: 1.5 - 2 Hours

Understand the importance of the value approach to the whole organisation. Be able to perform simple value measurement calculations. Learn how to calculate the net present value (NPV) of the business, and determine how this value will change over time.

The Value Creation Concept: 1.5 - 2 Hours

Understand the basics of the value philosophy and how these principles can be applied throughout an organisation. Learn what is meant by the shareholders’ ‘unique and residual’ interest. Be able to define the cost of equity.

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.

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