Financial Performance Management

Course Overview

Financial performance management training is aimed at understanding the performance of an organization from a financial perspective, however to be able to measure and understand the “financial” success or failure of an organization, you need to understand the overall business, the operations, the customers, the people amongst many other variables.

The aim of the training session is to understand financial performance in the context of the overall business performance and achievement.

We will use various case studies, including some well-known organizations’’ performance information to establish the concepts discussed in the session.

Key Take away

Understand how well or how poorly your organization is performing from a quick calculation of key performance ratios
What KPIs are most suited to your organization based on the discussion of a real case study?
How do you control divisional performance and what performance measures to measure divisional managers ‘success?
The relevance of using the Kaplan and Norton Balance scorecard to understand business performance
The importance of management information systems to adequately measure the performance

Course Outline

Measuring and managing financial performance management

Purpose
Understanding the “story” behind the numbers

Managing financial performance at corporate level

Understanding financial statements
Statement of Financial Performance (SoFP)
How strong is the” Balance sheet”?
The Income Statement
Evaluate current performance
Trends and prospects
Cash flow statement
Cash is “king”

Understand the performance from a financial perspective, to be able to measure and understand the “financial” success or failure of an organization, you need to understand the overall business, the operations, the customers, the people amongst many other variables.