Financial skills have become ever more critical for managers in the management of their cost centers or profit centers. Financial resources have become costly and shareholders expectations are rising. The volatile business environment is also putting additional demands on these managers. The effective manager, regardless of his discipline, has to be financially savvy as his decisions have costs and revenue implications in these volatile times.
As a result financial skills are now a key component of executive skills development at both operational and top management. Financial literacy and skills are critical because the ultimate business success is still judged by the financial results – cash flow and profit, and managers need to understand them to take appropriate actions. Managers who cannot link their roles to financial performances of their companies are going to be at a disadvantage. Besides all managers are expected to suggest and initiate measures on cost control, on improving business revenue and cash flows and to participate in managing everyday financial risk of the business.
Our core financial courses that have daily relevance in business productivity and everyday risk management are :–
- Business Financial Analysis – understand corporate financial results
- Cost Management and Improvement – strategic cost savings efforts
- Dynamic Cash flow Management – managing business cash flow and credit risk
- Business Planning and Control – business planning as a management tool