FA032 FINANCIAL INTELLIGENCE

Management Development Courses

In an organization work activities revolve around equipment, people and procedures to meet timelines and financial budgets. Work is not simply accomplishment and meeting deadlines. It is about being efficient in terms of cost and time and customer satisfaction. As artificial intelligence and robotics are rapidly advancing, employees that remain in the organization are increasingly expected to work independently, establishing priorities, identify constraints and solve work problems. This capacity to manage work differentiates managers and supervisors from other staff and employees.

Subject	Description
Objective	Financial intelligence at the leadership level of a business organization is uncompromised. Decisions on investments and operations have financial and cash flow impact. Low ROI, weak cash flow and rising costs are sometimes due to poor understanding of the financial relationships between the variables. This programme is aimed at addressing that and to empower the executive or manager in managing the organization with better financial understanding.
On Completion	The executive and manager will acquire a foundation for understanding the financial outcomes and for making judgement or decisions. With this foundation, he or she can also formulate policies, review and monitor the results.
Methodology	This programme uses self-reflection, personal discovery and workshops, all assisted by the instructor to deepen the understanding and to develop financial thinking. Individuals can undertake self-learning on request.
Audience	Executives and managers seeking senior management roles will undoubtedly benefit from this. Financial intelligence will also serve to empower any executive in the current condition. Financial responsibility always remains, it cannot be outsourced. The same goes for financial intelligence.
Duration	2 days or equivalent of 16 hours
Code	FA032

COURSE CONTENT

MAIN COURSE CONTENT	SUMMARY DESCRIPTION
CORPORATE RETURN ON INVESTMENT	Value creation in organizations Business profitability Return on investment
BUSINESS COSTING, PRICING AND PROFITABILITY	Organizations and their costs Cost recovery and pricing Basic pricing strategies and outcome
FINANCIAL RISKS AND POLICIES	Financial structure of business Insolvency of companies Liquidity risk and cash flow Working capital management
FINANCIAL PLANS, BUDGETS & OUTCOME	Financial plans and budgets Managing business with budgets The forecast cash flow and its risks