Managing For Financial Success

Programme Benefits

Have a clear understanding of the three foundations of business financial management: Cash Control – Asset Utilisation - Profit Generation Be familiar with a range of techniques for evaluating and planning performance Recognise effective approaches to cash, working capital and balance sheet management which promote liquidity and financial stability Develop awareness of the key management themes pursued by today’s high performing businesses Understand the performance appraisal techniques used by major corporates, financial analysists and bankers Be able to identify existing strengths and areas for improvement within their own organisation

Programme Coverage

Principles of effective performance management – critical factors for business success – using the CAP analysis model – interpreting financial statements Assessing business strengths – interpreting key financial ratios – cash vs profit performance – benchmarking industry competitors – recognising and responding to future challenges Managing financial requirements – working capital management – identifying and responding to areas of potential financial risk exposure – the banker’s approach to customer appraisal Profitability and resource management – analysis of product / service / contract / business unit profitability – impact of pricing strategies – cost management – managing resources to improve profitability Developing the performance of your business – identifying priorities for performance improvement – setting operational and financial targets – developing a personal approach to financial and operational review