Custom Industry Training Programs

Business Financial Development Program

General Description

For both experienced and new employees, at all levels, to be able to understand and apply basic financial management skills and skills in collecting, interpreting and analysisng data.

Duration

Seven five hour modules or combinations of modules.

Pre-requisites

Nil

Methodology

The theory and skills will be presented in a lecture, workshop and discussion format. Syndicate exercises and case studies will be used to facilitate articulation. The seventh and final module is the assessment module. The modules will be presented in a flexible delivery mode to best suit the business at the point of delivery.

Content

This course comprises seven modules covering a diverse scope of finanacial management theoretical  and practical knowledge.

Module 1 - Introduction to Financial Management
Subjects Covered:

• Introduction and Objectives


• Financial Calculation


• Introduction to Financial Management


• Finanical Terminology


• The Accounting Cycle


• Major Project


• Module Review, Evaluation and Close

Module 2 - Accounting Systems
Subjects Covered:

• Introduction and Objectives


• The New Tax System (GST & Pay As You Go)


• Major Project Update - Module 2 Project


• Module Review, Evaluation and Close

Module 3 - Financial Statements
Subjects Covered:

• Objectives and Project 2 Review


• The Anatomy of a Balance Sheet


• Capital vs Revenue - The Profit and Loss Statement


• Managing for Financial Success


• Major Project Update - Module 3 Project


• Module Review, Evaluation and Close

Module 4 - Analysis & Interpretation
Subjects Covered:

• Objectives and Project 3 Review


• Evaluation of Financial Statements


• Effective Budgetting & Forecasting


• Income Tax Systems


• Major Project Update - Module 4 Project


• Module Review, Evaluation and Close

Module 5 - Money & Investing

• Sources & Use of Finance


• Money Management


• Major Project Update - Module 5 Project


• Module Review, Evaluation and Close

Module 6 - Advanced Financial Concepts
Subjects Covered:

• Objectives and Project 5 Review


• Methods of Accounting


• Depreciation & Amortisation


• Management of Fixed Assets and Inventory


• Major Project Update - Module 6 Project


• Module Review, Evaluation and Close

Module 7 - Assessment
Subjects Covered:

• Objectives and Project 6 Review


• Major Project Presentations & Assessments


• Review, Evaluation and Close 

Assessment

At the conclusion of modules one to six, project work will be set in the form of assignments. The assignments will be relative to the subject matter of the completed module and the topics addressed will relate to actual financial management issues that within the workplace.

At the conclusion of module one a major assignment will be provided to be undertaken and presented in module seven.

Learning Outcomes

• Understand the importance of financial management and its impact on decision making both in the workplace and in the participants personal lives.


• Use effective business tools to understand and interpret operational data and financial data and the flow of money in the business.


• Describe the purpose of the balance sheet, the profit and loss statement, effective budgeting and business forecasting.


• Understanding basic accounting and taxation principles.


• Manage costs to maximise profit.