Management Training

Financial Tools to Drive Business Strategy

Duration: 2 Days (10 am to 5 pm with one hour lunch break)

Cost: $ 1399 + GST

Course Outline

Utilize the best performance measures
Align your financial and strategic goals
Maximize shareholder value
with Financial Tools to Drive Business Strategy!

Extensive changes are occurring in corporate finance today. Financial managers are becoming full business partners participants at the strategy level. Along with basic financial analysis, you're expected to provide entrepreneurial business solutions for your organization. You need to successfully analyze investment decisions and finance options.

You need to understand corporate strategy. You need to understand the "New Finance"global competition, technological innovation, and transformation strategies.

By linking performance metrics with corporate strategy, Financial Tools to Drive Business Strategy places finance managers at the center of the movement to maximize shareholder value. It provides you with both the financial and nonfinancial measurement tools you need to set targets and assess financial success, customer satisfaction, internal business processes, and growth in your organization.

Learn how to:

• Master traditional measurement tools ROA, Inventory Receivables Turnover, Operating and Financial Leverage, and ROCSE
• Apply value-based performance metrics EVA, MVA, and CFROI
• Implement best practices process redesign, benchmarking, auditing
• Become a strategic partner with other senior managers
• Use traditional and nontraditional performance measures to support firm-wide strategic goals and best practices
• Transform the finance department's role in the organization
• Assess and utilize the staff skill necessary for this new role
• Do "more" with "less" successfully master the challenges of relying on a lean organization

TABLE OF CONTENTS

• A New Direction for Finance
• New Focus for Finance Professionals
• Traditional Measures
• The Balanced Scorecard and Other Performance Measures
• Value-based Performance Metrics: EVA and CFROI
• Strategic Process Improvement
• Reengineering the Finance Function

Course Objective: Be familiar with the metrics and best practices of the finance function used in today's world-class organizations and apply these performance measures and practices in your own organization.

Learn how to:

• Differentiate between finance and accounting 
• Grasp accounting fundamentals such as debits, credits, and double-entry bookkeeping 
• Analyze basic financial documents such as income statements and balance sheets 
• Use financial tools to manage performance more effectively 
• Determine how assets, liabilities, and equity affect your area of operation 
• Apply financial risk/return principles to managerial decision-making 
• Justify your requests for new equipment and other capital investments 
• Improve your budgeting skills 
• Relate your department's financial performance to the bigger picture

Course Objective: Learn key financial concepts and relate them to the financial management actions necessary for the nonfinancial manager.

F or more information on above course, please call us at 416-926-0616 or e-mail to marketing@key2careers.net