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Management & Business Finance

Get the key skills you need to manage your team. Gain a better understanding of business finance for your role.

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The Key Issues

Being a successful manager means knowing how to lead your team and understand financial information, but many managers find this challenging. You may struggle to read financial reports, make smart decisions, or delegate tasks effectively, which can affect your team’s performance. By learning key skills in management and business finance, you will improve your ability to motivate your team, make informed choices, and manage your responsibilities more effectively.

Delegation
strategies

Coaching
skills

Performance management

Key Competences​

Understanding financial ratios

Cost analysis & profit planning

Capital expenditure analysis

The Right Programme for You

You have a team of 3 or more people and want to improve your management skills, and you aim to understand financial reports, budgets, ratios, and make better decisions using the right data.
  • Business Professionals
  • New Managers
  • Managers
  • Senior Managers

Highlights

Learn how to use clear goal setting and professional feedback to manage your team on a daily basis

Learn how to “think finance” and translate performance into financial terms

Learn the essentials of business finance in just 3 days​

Make smarter decisions based on financial reports and data​

Learn, Practice and Use

  • Understand your management roles and responsibilities.
  • Improve communication with your team & set expectations for you and your direct reports.
  • Adapt your management style to meet the needs of individual team members.
  • Communicate organizational goals that get results.
  • Use effective coaching techniques to maximize your team’s performance.
  • Understanding tand using the conversational triangle in your management role.
  • Get a better understanding of the numbers side of your job.
  • Develop proactive working relationships with finance professionals.
  • Gain greater confidence with a working knowledge of business financials.
  • Understand the business dynamics of cash —and take initiatives that meet your team’s, department’s or company’s short and long-term goals.
  • Take the guesswork out of your decision-making and use financial data to deliver a better bottom line.
  • Understand the role of budgeting and issues that budgets can solve.

Programme Details

Management & Business Finance is a highly interactive programme with exercises and role plays

Twenty Programme Modules

  • The Importance of the Accounting Equation
  • The Accrual Process
  • The Difference Between Accounting Profit and Cash Flow
  • Understand the Purpose of and Terminology Associated with the Following Financial Statements
  • Income Statement or Profit and Loss Statement (P&L):
    • Balance Sheet
    • Statement of Retained Earnings
    • Cash Flow Statement
  • Prepare a Set of Simple Financial Statements
  • Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements
  • Understand How Various Business Transactions Affect the Financial Statements
  • Various Components of an Annual Report
  • Importance of Notes in Evaluating Financial Statements
  • External Auditor’s Role and the Significance of the Opinion Letter
  • Calculate the Key Financial Ratios Using the Financial Statements
  • Use Financial Ratios to Evaluate:
    • An Organization’s Liquidity, Leverage and Profitability
    • The Performance of an Organization as Compared to Its Competitors’
    • An Organization’s Performance Compared with Budgeted Goals
  • Identify Sources of Financial Information Beyond the Financial Statements
  • Use the Dupont Formula to Evaluate Management Performance
  • Use the Concept of Economic Value Added (EVA(R)) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business
  • Differentiate Between Fixed and Variable Costs
  • Help Your Organization Improve Profitability Through the Use of:
    • Break-Even Analysis
    • Contribution Margin Analysis
    • Direct Costing in Appropriate
    • Understand Traditional Cost Accounting and Its Limitations
    • Understand the Relevance of Activity-Based Costing in Today’s Business Environment
  • Distinguish Between Capital Expenditure Budgets and Operating Budgets and Understand the Function of the Capital Budget
  • Understand Why Cash Has a Time Value
  • Recognize and Apply Different Methods of Evaluating Capital Expenditure and Monitoring Project Performance
  • Understand the Role of Budgeting and Issues That Budgets Can Solve
  • Understand the Budgeting Process
  • Identify Different Types of Budgeting Systems in Use Today
  • Analyze Budgets for Different Purposes
  • Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance
  • The Importance of the Accounting Equation
  • The Accrual Process
  • The Difference Between Accounting Profit and Cash Flow
  • Understand the Purpose of and Terminology Associated with the Following Financial Statements
  • Income Statement or Profit and Loss Statement (P&L):
    • Balance Sheet
    • Statement of Retained Earnings
    • Cash Flow Statement
  • Prepare a Set of Simple Financial Statements
  • Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements
  • Understand How Various Business Transactions Affect the Financial Statements
  • Various Components of an Annual Report
  • Importance of Notes in Evaluating Financial Statements
  • External Auditor’s Role and the Significance of the Opinion Letter
  • Calculate the Key Financial Ratios Using the Financial Statements
  • Use Financial Ratios to Evaluate:
    • An Organization’s Liquidity, Leverage and Profitability
    • The Performance of an Organization as Compared to Its Competitors’
    • An Organization’s Performance Compared with Budgeted Goals
  • Identify Sources of Financial Information Beyond the Financial Statements
  • Use the Dupont Formula to Evaluate Management Performance
  • Use the Concept of Economic Value Added (EVA(R)) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business
  • Differentiate Between Fixed and Variable Costs
  • Help Your Organization Improve Profitability Through the Use of:
    • Break-Even Analysis
    • Contribution Margin Analysis
    • Direct Costing in Appropriate
    • Understand Traditional Cost Accounting and Its Limitations
    • Understand the Relevance of Activity-Based Costing in Today’s Business Environment
  • Distinguish Between Capital Expenditure Budgets and Operating Budgets and Understand the Function of the Capital Budget
  • Understand Why Cash Has a Time Value
  • Recognize and Apply Different Methods of Evaluating Capital Expenditure and Monitoring Project Performance
  • Understand the Role of Budgeting and Issues That Budgets Can Solve
  • Understand the Budgeting Process
  • Identify Different Types of Budgeting Systems in Use Today
  • Analyze Budgets for Different Purposes
  • Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance
  • Discovering the qualities and abilities required for effective management
  • Identifying the roles and responsibilities managers perform
  • Exploring the contextual issues and challenges that new managers face today
  • Defining the goal of performance management
  • Identifying the process and challenges
  • Practicing the skills of performance management
  • Describe the importance of communication to effective management.
  • Recognizing the qualities of effective communication.
  • Understanding the process of communication and the barriers that can derail it.
  •  Recognizing different types of work conversations.
  • Identifying the two key conversation skills.
  • Understanding and utilizing the conversational triangle
  • Identifying the importance of and requirements for coaching
  • Learning the micro-skills of effective coaching
  • Confronting problem behaviours in a tactful manner
  • Using the AMA Guide to manage a coaching discussion
  • Differentiating between coaching and disciplining
  • Recognizing the manager’s role in employee motivation
  • Exploring important elements of the motivational process
  • Utilizing managerial practices for building a motivational climate
  • Describing the types of delegation that managers can engage in
  • Identify the importance of, and the barriers to, effective delegation
  • Assessing your current delegation practices and their challenges
  • Recognizing what can and can’t be delegated
  • Identifying the phases of effective delegation
  • Practicing delegation discussion
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Faculty

Bettina
Hausmann

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Bettina
Hausmann

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Bettina
Hausmann

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Bettina
Hausmann

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Bettina
Hausmann

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Upcoming Programmes

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Face-to-Face
5 days
€3,995

There are no sessions scheduled in the near future for this programme. Please check back soon.

In-Company
This programme is available
as an In-Company solution
for your teams.

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