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• Lecture: Introduction to the course objectives and the importance of financial literacy for managers.
• Interactive Workshop: Participants explore the different types of businesses and their financial reporting requirements.
• Financial Statement Analysis Workshop: Participants analyze a sample income statement and balance sheet, understanding key line items and their significance.
• Skill-Building Activity: Matching game - Match financial terms (e.g., revenue, assets, liabilities) with their definitions.
• Lecture: Exploring the three main financial statements (income statement, balance sheet, cash flow statement) in detail, including their purpose and interrelationships.
• Financial Statement Analysis Workshop: Participants analyze a real-world company's financial statements, calculating key profitability ratios (e.g., gross margin, net profit margin) and discussing their financial performance.
• Interactive Workshop: Participants engage in a group discussion on the limitations of financial statements and the importance of considering other factors in business decision-making.
• Skill-Building Activity: Participants practice calculating liquidity ratios (e.g., current ratio, quick ratio) using a sample company's financial data and interpret their results.
• Lecture: The importance of financial planning and budgeting for effective resource allocation and achieving business goals.
• Interactive Workshop: Participants work in teams to develop a pro forma budget for a hypothetical business scenario, including revenue projections, cost estimations, and profit forecasting.
• Case Study Analysis: Analyze a case study where a company faced financial difficulties due to poor budgeting practices. Participants will discuss the importance of realistic forecasting and variance analysis.
• Skill-Building Activity: Participants practice variance analysis using a provided example, identifying and interpreting deviations from budgeted expenses.
• Lecture: Understanding cost behavior (fixed vs. variable costs) and its impact on profitability.
• Interactive Workshop: Participants engage in a cost-volume-profit (CVP) analysis simulation, analyzing how changes in sales volume, price, and variable costs affect company profits.
• Lecture: Exploring techniques for investment appraisal, including Net Present Value (NPV) and Internal Rate of Return (IRR), to evaluate project feasibility based on their cash flows.
• Case Study Analysis: Analyze a case study where a company used financial appraisal techniques to select the most profitable investment option among several alternatives.
• Lecture: Integrating financial analysis with strategic planning. Participants will explore how financial information can inform decisions on resource allocation, product pricing, and market expansion.
• Interactive Workshop: Participants work in teams to develop a financial plan for a new product launch, considering costs, pricing strategy, and potential return on investment.
• Group Discussion: Open forum for participants to ask questions and discuss the application of financial concepts in their specific roles and industries.
• Course Wrap-Up: Review key takeaways, address any remaining questions, provide certificates of completion, and offer access to the online resource library for ongoing learning and staying updated on financial management best practices.