There is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement as companies strive to enhance their shareholder value. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction in shareholder value.
By raising financial awareness, participants are better able to manage businesses’ revenues, costs, profits and cash. Participants will also be able to use their new financial knowledge to make more effective decisions. This workshop will provide basic financial principles and cover generic financial management tools necessary for decision making. Learning is achieved via practical examples which reinforce the theory; case studies and short exercises; and topic-related internationally acclaimed videos which successfully simplify the financial topic for the non-financial person.
Participants will also go through a highly interactive board game, ProfitPlus™, which allows participants to experience how transactions affect the balance sheet, profit and loss account and cash flow over 2 trading years. Participants also prepare year end financial statements. The ProfitPlus™ boardgame is many participants’ favourite part of the workshop.