Financial Drivers aims to demystify finance and to explain terminology, concepts and principles in a way that is simple and easy to understand.
A range of practical tools and techniques are introduced and used to help analyze, interpret and evaluate financial information and to assess the financial impact of organizational decisions.
Each participant also has the opportunity to book an appointment for a one-to-one discussion – either during the residential element or, alternatively, in a virtual environment post-program – to consider specific financial issues they may be dealing with in their organization.
Content and Structure
In advance of attending the residential phase, the program portal provides access to virtual resources enabling you to check your current understanding and to help identify areas you may wish to explore further during the program – so the learning can be directly relevant to your individual circumstances.
You will also be asked to review the website and some specific financial information for an organization which will be analyzed further during the residential element.
The approach used to engage with the subject is practical, supportive and interactive. There will be a mix of individual and group work and discussions; presentations and case studies; together with the use of virtual resources and on-line databases.
The topics covered during the three days are:
Measuring business performance
Exploring terminology and concepts
Understanding the key financial statements: profit and loss – balance sheet – cash flow
Recognising profit vs. cash: depreciation – timing – working capital.
Financial analysis and appraisal
Analyzing financial reports and accounts
Interpreting metrics and ratios
Evaluating financial performance and position.
Financial decision making
Classifying costs and revenues
Understanding contribution and break-even
Planning and budgeting.
Identifying key techniques: pay-back – NPV – IRR
Understanding discounting and the cost of capital
Linking investment appraisal and company valuation.
You will be provided with a financial toolkit to take away and use to help assess the financial performance of your business. The toolkit includes: a glossary of accounting terms; key pointers for interpreting financial statements; explanation of key metrics; a spreadsheet analysis tool; insight into how to evaluate investment decisions and a guide to potential decision-making traps.
There is also the opportunity to book a virtual one-to-one discussion with a tutor to consider specific financial issues relevant to your business.
You will become a member of the Ashridge Alumni network which is an excellent opportunity to continue your personal development and networking.
You are also given continued access to your online program portal and Virtual Ashridge content for six months after your residential stay. Ongoing support and further learning opportunities are available with Ashridge Momentum.
This program is a module of our Advanced Management Program.
All Ashridge Open Programs are taught in English, find out how we can help you to improve your English.
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“A stimulating and challenging course, delivered in a beautiful location.”
Geoff Hill, Editor of 5 News, ITN Ltd London
“Who would have thought finance could be fun! A solid, well-paced course with good check points and realistic content coverage.”
Jen Pratt, Operations Director, LGC Forensics
“Steve brings a level of enthusiasm and excitement to what would normally be perceived as a dry subject – coupled with his excellent knowledge and ability to simplify and link concepts made this enjoyable and productive.”
Matthew Beeston, Head of Strategy and Operations, Wesleyan Financial Services
“Having had limited financial training this course has given me the ability to understand and interpret financial data. The course was at the correct pace and extremely well presented.”
Ashley Phillips, Head of National New Connections, E.ON UK PLC
"Perfect introduction to the key financial material that effect every organization."
Neil Greig, Director of Policy and Research, Institute of Advanced Motorists
"Steve brings enthusiasm and experience to a rather dry subject matter. It brings it to life."
Paul Barratt, Commercial Sales Director, Karndean International Ltd
“Relevant ‘real world’ learning. Applicable to my business and the industry.”
Andrew Marns, Regional Managing Director, Bloor Homes
“Great for breaking down terminologies and how they contribute and impact our business.”
Glen MacDonald, Build and Delivery Manager, British Airways PLC