Financial Smarts for Learning Practitioners
Do you work in a business or provide services to commercial organisations? If so, it is especially important that you can communicate with key stakeholders using financial terminology they know and respect.
To be taken seriously as learning practitioners, we need to understand the economics of business and talk the language of money. We need to be financially literate and understand financial cause and effect. The reality is that for today’s learning practitioners, a lack of financial acumen is more than a deficiency, it’s a liability!
Content
The workshop consists of four modules:
- Financial Fundamentals
- Cash Flow
- Return on Capital
- Influencing the Bottom-Line.
The workshop design and process is based on many years of experience in delivering successful financial training programs. It uses unique financial models and a building-block approach to develop know-how and confidence.
The content includes:
- What shareholders expect to get.
- The fundamental accounting equation.
- Getting to grips with financial jargon
- Types of assets, liabilities and expenses.
- The essence of accrual accounting.
- Funding of assets and financial leverage.
- The key components of working capital.
- Measurement of profit and profitability.
- The minimum profit required to add value.
- Key variables for managing Return on Capital.
- Cash flow versus profit (and why it matters).
- Relationship of Income Statements and Balance Sheets.
- Hidden costs and why they are so important.
- Good vs. bad costs (why cost cutting can be harmful)
- How to link learning and financial objectives.
- Effect of L&D initiatives on financial performance.
Duration
Program Structure
Preparation (minimal) + 1-Day workshop + Application
On completion of the workshop you will have access to an online support site, which will help you reinforce and apply your learning.
Who Should Attend
Learning practitioners
Benefits
You will learn much more than reading financial statements. The following are just some of the benefits you can expect:
- Good grasp of the interrelationship of financial variables and metrics.
- Increased business acumen and orientation to financial goals/priorities.
- More confidence in communicating with senior managers and financial people.
- Ability to ask sensible questions about financial issues and performance.
- Better able to justify proposals/recommendations from a financial perspective.
- Ability to show how L&D programs positively contribute to the ‘bottom-line’.
Ultimately, by applying your learning, you will strengthen your professionalism, personal effectiveness and credibility.
Fees
Members $440
Non Members $495
In-house facilitation is also available, please
contact us for more information.
Program fees exclude GST
