Financial Proficiency

Financial proficiency is crucial for managing directors as it allows them to make informed decisions about their company's financial health, growth potential, and profitability. It is essential for them to understand the financial statements and how they can be used to analyze the company's financial performance. Therefore, an Ekonomiutbildning, or finance training, is a vital part of their professional development.

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Course content

The finance training program covers a range of topics to develop the financial proficiency of managing directors. These topics include the relationship between financial reports such as the cash flow statement, income statement, and balance sheet. It also covers how business decisions and events can impact these financial reports. Participants will learn to read financial statements with strategic eyes, taking into account industry classification, growth potential via acquisitions or organic growth, depth in the value chain, and more.

 

The concept of profitability is also covered, including margin, return on investment, and asset turnover. The graphical DuPont chart is also introduced to aid understanding of margin, return on investment, and asset turnover. The training also delves into how to achieve sufficient profitability and the methods that can be used to drive it.

 

Training Format and duration

The training consists of three components:

• The first is a two-hour live webinar on Zoom.

• The second component is a full-day in-person session.

• The final component is a two-hour live webinar on Zoom for participants to report on their own activities to drive profitability in their businesses.

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Training Process

The training material will be tailored to the participants' companies, with a focus on the financial reports of their company, competitors, customers, and suppliers. The training will be interactive, with mini-cases about the participants' companies, mentimeter questions, and discussions. The most important discussions will be documented in real-time in PowerPoint.

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In conclusion

The finance training program is designed to equip managing directors with the knowledge and skills to read financial statements, analyze financial performance, and drive profitability in their businesses. The training is designed to be interactive and relevant to the participants' companies, making it a valuable investment in their professional development.

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*Please note that the course is only available to employees within the Sdiptech Group.