ESSENTIAL BUSINESS AND FINANCIAL ACUMEN

INTRODUCTION FOR ESSENTIAL BUSINESS AND FINANCIAL ACUMEN

In today’s volatile business conditions, there is a need for all workplace personnel to grasp, understand and apply fundamentals of business and financial acumen to ensure their organizations achieved success.

By acquiring business acumen, it will enable them to better understand to add value in their daily business activities. Financial acumen is important because ability to understand financial indicators and manage financial resources enables effective decision in investment and plan financial strategies to stir businesses during uncertain times. These 2 days programme will increase financial and business acumen.

Who should attend: Any person who had no formal training in key basics -intermediate level business acumen and basic finance but wish to enhance business acumen and increase financial intelligence for personal mastery and business success.

LEARNING OBJECTIVES

On completion of the programme, participants will be able to:-

1. Master the essentials key framework of business strategies and importance of setting business goals.
2. Understand how business strategy is translated into financial numbers via strategic planning process
3. Identify key financial indicators and issues concerns in personal and business financial management.
4. Know how to interpret key financial indicators to make good finance decisions.
5. Understand the concepts, language and basic rules of accounting & finance to interpret financial statements
6. Equip oneself with business financial knowledge in order to effectively manage financials in a business organization.

LEARNING OUTCOMES

Upon completing the course, participants will be able to:

• Describe the core components of business acumen and their impact on performance

• Explain and apply basic financial concepts including P&L, Balance Sheet, and Cash Flow

• Use financial ratios and indicators to evaluate company health

• Analyze budget vs actual variances and take corrective action

• Improve decision-making by aligning business goals with financial strategies

• Participate in strategic planning processes with greater financial awareness

• Gain insights through interactive simulations and case studies for hands-on learning

WHO SHOULD ATTEND

This course is suitable for:

• Professionals without formal finance or business training

• New managers or team leaders seeking to improve business performance

• Individuals in non-finance departments (HR, Admin, Operations)

• Entrepreneurs and business owners wanting to enhance their financial literacy

• Anyone aiming to build personal financial mastery and drive organizational success

TRAINING METHODOLOGY

This interactive programme applies a hands-on, practical learning approach through:

• Interactive lectures with real-world examples

• Group discussions and collaborative activities

• Case study analysis for strategic thinking

• Financial statement exercises using Excel

• Cashflow simulation board games for experiential learning

• Group presentations for application of learning

• Self-reflection and debriefing sessions to internalize key takeaways

COURSE CONTENTS

The key content of the program includes the following:

Module 1: Building Business Acumen

• Common business issues faced today
• Identify value add business activities and reduce value destroying activities
• Strategic planning, execution and tracking process
• Setting key targets and execute action plan to mitigate actual results versus budget/forecast.
• Interpret business variance reports.

Module 2: Financial Knowledge: Understanding financial statements

• Essential Business Financial Terminology
• Understand BASIS framework for understanding importance of financial statements
• Profit & Loss, Balance Sheet and Free Cash flow for personal financial management.

Module 3: Business Financial Management

Learn the golden rule of financial management

• Why rich companies get richer?
• Cash versus profit measures – Which is more important
• Passive income/revenue versus active income/revenue sources

Application of finance terminologies in day-to-day life with examples.

• Which financial statements is used to understand the true profitability of a company?
• Calculate, understand and interpret key financial indicators.

Real life application of financial knowledge in running successful businesses

• Working capital formula and application.
• Managing investments by understand calculation of return on investment (ROI).

Learning methodologies: Practical Exercises

Module 4:  Application of Knowledge: Strategic planning

• Preparation of key forecast data linked to business strategies via excel.
• Group presentation.

Module 5: Cashflow board games

• Knowing the games rules
• Selection of players, briefing of roles – 6 players, one banker and one auditor
• Session 1 Challenge:  Getting Out From the Active Income Trap/Rat Race
• Session 2 Challenge: Building Your Wealth Legacy and Kingdom
• Debriefing and Self Reflection

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