Finance for Telecoms Professionals Programme
To ensure a focused and comprehensive training programme, it has been divided into five main competency areas, with the unique Business & Financial Review Simulation running throughout the modules:
The Nature and Purpose of Accounting
- What are the common misconceptions that hinder the understanding of business finance?
- How can finance measure the success of business strategies?
- What are the rules that accountants follow?
Understanding the Basics
- Articulate how a company is financially structured
- Discuss the difference between the Balance Sheet and the Profit & Loss or Income Statement
- Understand the role of the Cash Flow Statement
- Identify the 5 elements of the Balance Sheet, the 3 elements of the Cash Flow Statement and the key elements of the Income Statement
- Be able to examine a company’s profitability
- Understand how efficiency and profitability drive return on investment
- Discuss the role that debt plays in a company’s performance
- Articulate the importance of working capital and apply ratio analysis to assess whether a business has liquidity problems.
- Be able to read and interpret the World Telecoms Financial Benchmarks.
- Enhance your decision-making skills by integrating financial management concepts into your thinking.
- Understand the budgeting process and forecasting techniques.
- Teach and motivate your team to manage your own budget better.
- Budget profiles as a control tool – taking control of the costs
- New ideas for managing budgets in a changing and unpredictable environment
- Establish clear goals, quickly and consistently implement and effectively measure and understand your financial results
Interpreting Financial Information
- Critically examine a set of accounts – preferably your own management accounts.
- Distinguish between the key ratios needed for comparative financial assessment of a business
- Using financial information as a management tool
- Optimising working capital for your organization
- Teaching and calculating your key financial measures as a Key Performance Measurement tool
- Discussing how you recognize revenue
- Calculating your profitability, leverage, liquidity and efficiency ratios
- Calculating your competitor’s profitability, leverage, liquidity, and efficiency ratios
Financial Strategy & Intelligence
- Assessing Stakeholder value – Return on investment and return on capital employed and evaluating the cost vs benefit of long and short term capital decisions
- Presenting proposals motivating Capital Investment
- Evaluating Gross Margins, Cash flow and creating a profitability roadmap
- Leveraging Cost – Volume – Profit analysis
- Evaluating Project costing and the influence of sunken costs