Fundamentals of Finance for Non-Finance Professionals in the Pulp, Paper & Packaging Industry
Wed 20th April, 2022 - Wed 1st June, 2022
FIT Virtual Classroom combines e-learning with virtual facilitated workshops that are designed to bridge the gap between theory and practice.
- Learning is delivered in ‘bite size units’ with clear learning objectives.
- Access to e-learning modules and resources prior to commencement of each topics.
Interactive facilitated workshops delivered by our subject matter expert/s that designed on scenario and problem-based training models - Participate from your home or office
- Participants receive a certification on completion of the course.
Registration is now closed
Course Overview
- Multi-week Course
- Online Modules: 8 - 10 hours
- Virtual Facilitated Workshops: 4 - 6 hours
Everyone in the industry is expected to have an understanding of the financials that drive the results of the business. Everyone can influence the results; so how do we do that in the most targeted way?
The training will provide an understanding of how production efficiency delivers financial outcomes and how marketing/sales initiatives can add to the bottom line. Production and marketing/sales objectives have to be harmonised to get the maximum result for an organisation.
Understand how to recognise where your business can derive the biggest financial returns so that you can make the most from the limited resources that are available to you.
At the end of the course your priorities will be clear in your mind.
The course consists of 6 modules, precourse induction session and 3 real time workshops.
Each module contains 4-6, 20 - 30 minute e-learning videos designed to give a background into financial concepts and processes.
At the end of each 2-module block, a workshop will be conducted to consolidate learnings, ask questions and undertake some basic exercises.
You can view the online modules any time prior to each workshop.
Course Presenter
Peter Williams, Management Consultant
Who Should Attend
This course will be valuable for those non-finance professionals who need a broad understanding of financial decision-making processes and how to improve financial performance.
What You Will Learn
This course will provide basic understanding of
- Some key finance principles and financial reports
- How products costs are determined and the impact of changes to production inputs
- How to determine the profitability of a product
- Key criteria for making investment decisions
- Key drivers in improving financial performance
|
Peter Williams, Management Consultant |
COURSE TOPICS
MODULE |
TOPIC |
OUTCOME- Understanding of |
1 |
Financial Report |
Difference between profit and loss, balance sheet and cashflow statements. Basic metrics for calculating performance |
2 |
Cash is King |
Difference between cash transactions and financial transactions EBITDA and valuation multiples |
(1 & 2) |
Workshop 1 |
Review Q&A from modules Transactional allocation to financial reports Calculation of basic metrics of performance Separation between cash and accrual transactions Valuation of business |
3 |
Product Cost and Productivity |
Fixed v Variable costs |
4 |
Product Profitability |
Gross margin |
(3 & 4) |
Workshop 2 |
Review Q&A from modules Allocate costs between fixed and variable. Calculate cost of manufacture including productivity increase. Select between production v sales investment |
5 |
Investment Decisions |
Capital and associated costs |
6 |
Improving Results |
Linkage to strategy |
(5 & 6) |
Workshop 3 |
Review Q&A from modules Calculate returns on project. |
COURSE SCHEDULE
Fundamentals of Finance for nonfinance Professionals virtual course will commence on the Wed 20th April and concludes on the - Wed 1st June, 2022.
Course requirements:
Participants will be required to review online modules prior to attending each workshop by:
- Accessing the modules on the Appita website – via your course login.
MODULE |
TOPIC |
MODE |
DATE |
TIME |
APPROX. DURATION |
Course Induction | Live | Wed 20 April | 10:30 am AEST to 11:00 am AEST/12:30 pm NZST to 1:00 pm NZST | 30 min | |
1 |
Financial Report |
Online Prework |
Self paced.
|
||
2 |
Cash is King |
||||
(1 & 2) |
Workshop 1 |
Live |
Wed 4 May |
10:30 am AEST to 12:30 pm AEST/12:30 pm NZST to 2:30 pm NZST |
120 min |
3 |
Product Cost & Productivity |
Online Prework |
Self paced. |
||
4 |
Product Profitability |
||||
(3 & 4) |
Workshop 2 |
|
Wed 18 May |
10:30 am AEST to 12:30 pm AEST/12:30 pm NZST to 2:30 pm NZST |
120 min |
5 |
Investment |
Online Prework |
Self paced.
|
||
6 |
Improving results |
||||
(5 & 6) |
Workshop 3 |
Live |
Wed 1 June |
10:30 am AEST to 12:30 pm AEST/12:30 pm NZST to 2:30 pm NZST |
120 min |
FINANCE FOR NON-FINANCE PROFESSIONALS IN THE PULP, PAPER AND PACKAGING INDUSTRY