Description

As a work entity or project manager, it essential for you to identify the financial
consequences of your decisions and actions. Your responsibility involves enabling your entity to make a profit and ensuring its durability… all of which implies clearly understanding the workings of economic and financial performance. The approach adopted in this training course is one of acquiring knowledge to better understand, and understanding to better decide. You will thus gain knowledge of the financial language, essential in today’s corporate world. You will become familiar with financial reasoning to help you understand the impact of your decisions. As a result, you will be able to answer the following two questions: Which economic and financial indicators must you consider before making a decision? What will be the impact of a bad decision?

After this course, you will be able to:
• Read and analyse an income statement
• Anticipate the economic impact of your decisions
• Identify the economic signals that will allow you to make pertinent decisions
• Integrate economic and financial performance in your daily management

The benefits of this course for you and your company:
• You will be able to evaluate and enhance the performance of the entity you manage
• You will better understand the meaning of the efforts you are asked to make by finance and general management
• You will be able to converse more effectively with your company’s other operational and financial departments

Outline

Learning plan

Analysing my entity’s income statement
• The functional components of the income statement
• The impact of the level of activity on profit/loss
• What decision for what result?

Anticipating the financial impact of my decisions
• The components of the working capital requirement
• The impact of decisions on the working capital requirement
• Anticipating my unit’s economic and financial developments

Asking myself the right economic and financial questions in my job
• What conclusions should I draw from my entity’s profit/loss?
• What are the operating requirements?
• Will my decisions create value?

Additional Info

Languages

English, French

Course Length

40.00 hours

Duration of Access

3 months

Instructor

Prerequisites/Audience

This course is intended for:
• Business Unit (BU) managers
• Local managers
• Project managers

Requirements/Materials Included