Business Numeracy Skills
Business numeracy is the skill to understand how numbers translate and impact business profitability.
Problem
Understanding how a balance sheet, profit & loss account, budgets, planning and controls impact on the business environment is critical for business efficiency and profitability yet many people are unable to translate figures into meaningful dialogue or apply them in decision-making scenarios.
Solution
This intensive 4-hour numeracy skills “bootcamp” gives candidates a toolkit of techniques to enable them to process figures with confidence. Using outcomes based learning and practical exercises, candidates will gain the numeracy skills required to contribute effectively to the process of managing and operating any business profitably.
Deliverables: by the end of the 4 hours delegates will be able to:
- Understand a balance sheet
- Interpret a set of accounts
- Identify key business metrics
- Apply intelligent numeric shortcuts
- Use business numeracy to manage a business
Who should attend
Anyone who wants to be competent and able to communicate effectively with numbers.
“ If past history was all there was to the game, the richest people would be librarians. ”
- Warren Buffett
Course Outline
Self Assessment
- Current strengths
The Business Landscape
- What is business for?
- Alternative business structures
- How business get and use money.
Key Business Numeracy Concepts
- Business by the numbers including: percentages and proportions, compound growth, probability distributions, exchange rates, and present vs. future value
Financial Statements
- Profit and loss account
- Balance sheet
- Cash flow statement
- Operations report
Business Management
- Management vs. Financial Accounting
- Costs
- Break-even analysis
- Cash flow management
- Ratio Analysis
Business Profitability in Action
- A business game with prize
Personal Action Plan
- Steps to success
