Understand the links between budgets and finance, and meet the increasing demand to show how your projects or departments contribute to your organisation’s bottom line.
This Course is Perfect for:
Gaining the necessary tools to make sound financial decisions for your business unit
Learning to assess and communicate finance and budgetary information with confidence and participating more effectively in the business decision making process
Utilise ESI’s Mindset Model to understand how finance and accounting influence management decisions
Ask the right questions to successfully create, present, monitor and manage a budget
Persuasively negotiate for financial resources
Communicate financial information and results to stakeholders, executives, colleagues and project teams
Correlate budget success with its presentation in financial reports
Recognise the relationships between primary financial statement line items by calculating and examining relevant financial ratios
Course Overview
In a global business environment, employees are increasingly tasked with responsibilities outside of their traditional job roles. Finance is the fastest growing area where senior managers are looking to department staff and leaders for insight, understanding and recommendations. This course will help you understand the “macro” big picture and “micro” line item context and trends of finance—as well as the mechanics of developing budgets. Whether your goal is to stay on budget, increase overall cost-savings or meet specific profitability targets, real-world exercises will help you become familiar with standard financial documents, and use budget and estimating methods and tools more effectively. Specifically, you’ll review and discuss commonly used financial metrics to not only understand the numbers, but also to explore the not-so-obvious financial impacts of typical operating decisions and actions—from a project to organisational level. After completing this course, you’ll know how to gather, compile and prioritise financial data to develop, execute and manage a budget.
Recommendation: Please bring a calculator to class.
This course is available as in-house corporate training. Available to groups of 10 or more (please note this is a guideline). To find out more about corporate training for your organisation click here.
