Commercial Awareness Training

for Managers – 3 Days

Course Overview

For those managers with little or no formal training in finance, this highly interactive three-day introductory programme concentrates on the key principles, tools and techniques of financial management.

Supported by analysis and practical exercises this course will give participants the understanding and ability to discuss, present and manage the financial aspects of their business and positively influence the financial factors under their control.

Who Will Benefit From The Course?

Managers wanting to gain a clearer understanding of the fundamentals of business finance and how finance impacts on the decisions they make on a day-to-day basis, either at a departmental, or company-wide level.

Also, managers, who are comfortable and competent in understanding and managing the financial aspects of their day-to-day business, benefit from improved business skills and performance, internal respect from colleagues and senior management, enhanced external relations, better cash flow management and ultimately improved career prospects.

With The Help Of This Course Delegates Will Be Able To:

• Understand the basic principles and terminology of finance and interpreting key financial information
• Identify the relationship between the key financial statements – Profit & Loss, Balance Sheet and Cash Flow
• Communicate and present their financial position more credibly to their colleagues and board members
• Differentiate turnover, profit and cash and understanding the methodologies and language of the finance function
• Calculate profitability, liquidity and management of working capital

Key areas to be covered in the programme and the accompanying documentation

Day One – Understanding the Financials

The Importance of Return on Capital Employed
• Why ROCE is so important and why it should form a key measure in determing a plan’s success?
• How to affect ROCE

Profit and Loss Account
• The structure of the P & L account
• The difference between expenditure and capital expense
• The importance of marginal performance in improving performance
• The link between cost of sales, selling price, volume and expenses
• How to identify profit leaking from a business

Balance Sheets
• Content and layout of balance sheets
• Controlling the Working Capital
• Depreciation of Fixed Assets

Cash Flow
• The difference between profit and cash
• Cash flow forecasting

Day Two – Cost Control and Growth

Cost, Volume, Price and Breakeven
• How to calculate breakeven
• The importance of cost control
• How to determine a selling price

Debt and Equity
• How to calculate the debt to equity ratio
• Getting the balance right
• Determining the weighted average cost of capital

Funding Planned Growth
• How can growth be funded at the lowest cost?
• What type of funding should be used?

Interpreting Accounts
• Analysing several sets of accounts
• What are the accounts telling you?
• What actions need to be taken?

Day Three – Pulling it all Together

Computer Based Business Simulation
• Working as part of a team you will be give the latest financial reports and market data for a hypothetical high-tech business
• You will compete with the other teams in the same market
• Your team will develop projected P&L accounts, Balance Sheets and Cash Flow forecasts
• Further financial reports will be issued based upon your decisions, and those of the other teams
• The simulation will examine your skills in the following areas:

Financial Analysis

P&L interpretation

Balance Sheet interpretation

Controlling Working Capital
Financial Decision Making
Forecasting
Cost Control
• Will you end up with the most profitable business? And if not, why not?
• This simulation will illustrate how both good and bad decision making can affect the financial position of an organisation

Would You Like To Make An Enquiry Or Ask A Question?

Call us for FREE on 0800 849 6732

Email us at enquiries@m-t-d.co.uk

Complete our online form

What Makes MTD Different From The Rest?

Reason # 1

We Will Design And Deliver A Custom Designed Solution Centred Around Your Training Needs And Requirements At No Additional Cost To You.

Reason # 2

Our Courses Are Rated 9.2 Out Of 10 On Our Feedback Forms And 100% Of Our Clients Say That They Would Use Us Again - Your Staff Will Be In Safe Hands!

Reason # 3

We Supply Only The Very Best Trainers For Your Event. We Will Select The Trainer That Has The Highest Skill Level And Experience Relative To Your Requirements. Our Trainers Are Specialists In Their Fields - This Means That Your Staff Receive The Very Highest Standards Of Training Content And Delivery.

Reason # 4

Every Manager That Attends A Course Run By MTD Will Receive Unlimited

Post-Course Email & Telephone Support Whilst They Are Implementing The Techniques And Strategies That They Have Covered On The Course. After All, That's When The Real Work Starts!

Reason # 5

We Offer You Great Value For Money. Our courses start from as little as £695 per day for in-house training. This provides incredible value for money especially when you bear in mind that the cost includes:

• All of the preparation time required in order to gather your requirements and to get an understanding of your training needs.

• The time and expertise required to design and develop your bespoke course

• The delivery of your event by a highly experienced and specialised trainer

• Top quality course materials, manuals, handouts, assessments etc

• Lifetime unlimited email and telephone support after the course

• Providing feedback on the success of the event and on individual training development needs

• Course certificates

Reason # 6

Our Delivery Methods Will Ensure That Your Event Is A Success Or We Will Refund Your Money In Full

Reason # 7

We Provide Flexible Solutions For Your Training Needs. Whether It Be Through A Course, One On One Coaching Or A Management Development Programme, We Can Design A Tailor Made Solution To Exceed Your Expectations