Getting the Best out of Your Finance Director
Does it sometimes feel as if your Finance Director (FD) is speaking a foreign language when you discuss the company numbers with them? Are you confident in interpreting the numbers, knowing what questions to ask and in being able to challenge your FD to ensure the financial health and solvency of your organisation? Have you ever been the victim of fraud as a result of trusting your FD?
All these questions and more are covered in this highly practical and engaging masterclass on how to get the best out of your FD.
Profit and Loss Account:
- How you can go bust whilst being profitable
- How profits can be manipulated and how to ensure they aren’t being
- Why profits and cash are 2 completely different things and why that is so crucial
- Where you can find the money in your balance sheet
- How can you spot potential future problems using the Balance Sheet
- What does the balance sheet NOT tell you that you need to know
- Recognise the power of your cash forecast
- Why cash is the most valuable asset you have
- Never be bamboozled by financial jargon again!
Key questions to ask your FD
- And knowing what responses to expect
- Greater confidence in dealing with financial matters, including financial terminology
- Work more effectively with your FD to grow the business
- Smarter, more informed decision making
- Increased ability to positively influence margins and improve cash flow
- Identify areas of concern and key warning signs; can then take action to rectify
- Assess the financial strength of competitors, customers and suppliers
- Improved financial knowledge and acumen
- Fully interactive with a wide variety of activities, discussions, quizzes and practical examples to bring the training to life and to help embed the learning.
- A coaching-style approach is adopted to enable course participants to more powerfully learn for themselves rather than being ‘told’.
- Full interaction, challenge and questioning is fully expected and encouraged with this senior level group of people.