Profit Numbers: Business Finance for Non-Financial Professionals & Managers Training Course (Financial Mastery Masterclass)

Feel Confident Discussing Financial Statements and Gain an Overview Of The Main Financial Concepts a Business Leader Needs To Be Aware Of

This is the premiere training course as selected by senior executives with no or little finance background for learning finance and accounting.

This training has been attended by CEO’s, General Managers, Head of Sales and more.

In the competitive world of global business, executives at all levels need to develop a good appreciation of basic financial reports, as well as the fundamentals of business valuation and the creation of shareholder value.

You may be an expert in your own technical or business field, but if you’re given a position of greater responsibility where understanding and talking the language of finance becomes a significant part of your job, you need to be adequately equipped to do the job.

You’ll also be able to make better business decisions with the right financial skills.

Ethan Hathaway’s Profit Numbers: Business Finance for Non-Finance Managers & Professionals course quickly teaches you the basics of financial accounting, how to build a good understanding of financial reporting, and to develop a good foundation in business valuation.

Profit Numbers: Business Financial Mastery Masterclass for Non-Finance Professionals Highlights

DAY ONE

An Introduction to Business Finance

• World Stock Markets, Ownership & Share Valuation
• Financial Valuation methods
• Finding true value
• Assessing Financial Risk
• Financial Reports and Accounts
• Corporate Structures

Financial Accounting

• Financial Accounting Systems
• Recording financial transactions
• Corporate Governance & Business Ethics

The Importance of Cash – The Cash Cycle

• Understanding the Cash Cycle
• Working Capital Management
• Control of Cash, Receivables, Payables & Inventories

The Operating or P&L Statement

• The P&L – structure, form & content
• Accrual Accounting & Revenue Recognition
• Accounting Principles
• Understanding Depreciation
• Cash vs Profit
• EBITDA and other measures of profitability

Measuring Corporate Profitability with Ratios

• Comparing performance using ratio analysis
• Exercises & mini-case studies

DAY TWO

Review of Day One

Understanding Balance Sheets

• Structure, form and content of the Balance Sheet
• Valuation issues when recording Short & Long Term Assets
• Why use depreciation?
• Accounting for Goodwill
• Liabilities – recording, measuring, recognizing
• What is Equity?
• Financial Capital, Intellectual Property & Intellectual Capital
• Book Values vs Real World Values

Workshop – Recording Transactions

• Use of Excel spreadsheets to develop financial reports

Management Ratios

• Analysing corporate performance
• The Pyramid of Ratios and the Du Pont Value chain
• Other performance measures used in financial analysis – linking book to market measures

Workshop – Ratio Analysis

• Use of Excel spreadsheets to analyse financial reports

The Importance of the Cash Flow Statement

• Relevant sections of the CF statement
• Understanding changes in reported cash positions
• Building a cash flow forecast

Accounting for Economic Profit and Shareholder Value

• Creating and measuring value for shareholders
• The link with traditional accounting
• Organizing and managing with EP
• Exercises & mini-case studies

Workshop: Applying the Economic Value model

DAY THREE

Review of Day Two

Capital Budgeting and Project Appraisal

• The Cost of Capital and WACC
• Risk and Return
• Investment Appraisal & Capital Budgeting techniques
• Payback, IRR and other valuation methods
• Decision-making using the NPV rule & horizon values

Workshop – Project Appraisal & Valuations

• Building a capital budgeting case
• Valuing a business
• Alternative valuation methods
• Decision making and common decision rules

Review of Project Appraisal case

Intellectual Capital

• The Valuation Gap – what’s missing on the balance sheet
• Intangibles and Intellectual Capital
• Knowledge Enterprises and the “Valuation Gap”
• Understanding the “value” of your people and IP

Summary of key financial concepts and learning points