Fundamentals of Finance for Non-Finance Professionals in the Pulp, Paper & Packaging Industry

30th June 2021 – 11th August 2021

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.

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Registrations closes 23rd June 2021.

Download Flyer here.

Course Overview

  • Multi-week Course
  • Online Modules: 6 - 8 hours
  • Virtual Facilitated Workshops: 4 - 6 hours

This course is designed to give non-finance professionals in the pulp, paper and packaging industry a background and improved understanding to concepts that are used in the financial decision-making processes.
The course will also give participants an insight into how to improve the financial performance of an organization.

The course consists of 7 modules, 4 real time workshops and one live Q&A.

Each module contains 4-6, 10-15 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
  •  Negotiation skills to achieve improved outcomes.

WilliamsPeter 

Peter Williams, Management Consultant
Former CFO and COO of Australian Paper

Peter holds an undergraduate degree in Business for Monash University and and MBA from Melbourne University.

Peter started at APM in Gippsland as a graduate accountant and has worked in in variety of roles covering pulp and paper manufacture, forestry, recyling and corporate finance.
With over 30 years experience in the pulp and paper industry in both fianance and general management roles he has an in depth knowlenge of the financial decision making principles and processes and how they relate directly to the pulp and paper industry.

Most recently he was instrumental in the acquisition of the Orora fibre based packaging assets by Australian Paper / NPI and the establishment of the Opal Group.

 

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
Costing methods
Marginal costing
Productivity impacts on cost structures

4

Product Profitability

Gross margin
Sales and distribution costs
Profitability measures
Sales v production

(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
Return calculations.
Hurdle rates
Financial risks

6

Improving Results

Linkage to strategy
Key cost drivers
Cash generation
Capex

(5 & 6)

Workshop 3

Review Q&A from modules Calculate returns on project.
Select from list of potential projects

7

Negotiating Skills

Negotiation steps
Key negotiation concepts
Negotiation tips

(7)

Workshop 4

Open Q&A forum and Negotiation exercise

COURSE SCHEDULE

Fundamentals of Finance for nonfinance Professionals virtual course will commence on the 30th June and concludes on the 11th August.

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 30 June  12:00 pm AEST  20 min

1

Financial Report

Online Prework

 

 Self paced.

 

2

Cash is King

(1 & 2)

Workshop 1

Live

Wed 7 July

12:00 pm AEST

60 – 90 min

3

Product Cost & Productivity

 

Online Prework

 

Self paced.

4

Product Profitability

(3 & 4)

Workshop 2

 

Wed 21 July

12:00 pm AEST

60-90 min

5

Investment
Decisions

 

Online Prework

  

 Self paced.

 

6

Improving results

(5 & 6)

Workshop 3

Live

Wed 4 Aug

12:00 pm AEST

60-90 min

7

Negotiating Skills

Online Prework

  Self paced.

(7)

Workshop 4

Live

Wed 11 Aug

12:00 pm AEST

60-90 min

 

Member: $800 + gst
Non Member: $1100 + gst

Groups of 3 or more: Contact the Appita Office.
Member: $700 + gst
Non-Member: $1000 + gst

Cancellation policy: Appita reserves the right to charge registrants a fee if they cancel after registering and making payment. For cancellations less than two weeks prior to the course a 15% cancellation fee will apply, and for less than one week prior the fee is 25%. No refund will be given for non-attendance after the course has commenced.

Disclaimer: The course outlined in this brochure is planned to be held at the time of publication of the brochure. Appita reserves the right to cancel the course or alter the contents of the course. Every attempt will be made to inform interested parties of any changes.

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FINANCE FOR NON-FINANCE PROFESSIONALS IN THE PULP, PAPER AND PACKAGING INDUSTRY

Videos Slide Decks (PDF) Time (min)
Module 1: Financial Report  
Session 1 - Basic Principles M1 Slide Deck (PDF)  14
Session 2 - Income Statement (Profit and Loss)  17
Session 3 - Balance Sheet  16
Session 4 - Cashflow Statement  13
Session 5 - Some Key Metrics and Ratios  20
Module 2: Cash is King  
Session 1 – Why is cashflow important

M2 Slide Deck (PDF)



 13
Session 2 – Difference between profit and cashflow  14
Session 3 – Levers for improving cashflows  12
Session 4 – EBITDA v cashflow  19
Session 5 - Valuations based on cashflows  16
Workshop 1: Module 1/Module 2 Recording WS1 Preworkshop Activities (PPT)  90
Module 3 - Product Cost and Productivity  
Session 1 - Fixed v variable costs   M3 Slide Deck (PDF)  11
Session 2 - Costing methods  17
Session 3 - Financial impact of increased production  16
Session 4 - The dangers of marginal costing  16
Module 4 - Product Profitability  
Session 1 - Gross Margin M4 Slide Deck (PDF)  15
Session 2 - Sales and distribution costs  14
Session 3 - Profit measure $/t v $/hr  8
Session 4 – Drivers of product profitability  12
Session 5 – Sales V Production  11
Workshop 2: Module 3/Module 4 Recording WS2 Preworkshop Activities (PPT)  90
Module 5 - Investment Decisions  
Session 1 - Capital and other investment costs  M5 Slide Deck (PDF)  18
Session 2 - Return measurements  19
Session 3 - Risk weighted returns  13
Session 4 - Hurdle rates  10
Module 6 – Improving Results  
Session 1 – Understanding strategy   M6 Slide Deck (PDF)  14
Session 2 – Improving operating performance  17
Session 3 - Increasing sales and improving mix  16
Session 4 - Releasing Cash  17
Session 5 - Investment decisions  11
Workshop 3: Module 5/Module 6 Recording WS3 Preworkshop Activities (PPT)  90
Module 7 - Negotiating Skills  
Session 1 - Steps M7 Slide Deck (PDF)  15
Session 2 - Concepts  12
Session 3 - Tactics  19
Session 4 - Tips  16
Workshop 4: Module 7/ Live Q&A Recording WS4 Preworkshop Activities (PPT)  120