Applying Financial Quotient (FQ) in Decision Making Processes
Course Description
Learn to make the best financial decisions with ASK Training’s new course, “Applying Financial Quotient (FQ) in Decision Making Processes”!
We often come across people talking about the importance of IQ and EQ, but how often have you encountered someone who talks about FQ? Financial Quotient (FQ) is the ability to obtain and manage one’s wealth by understanding how money works.
In our everyday lives, we are forced to make crucial financial decisions which have the power to impact the performance of our company or personal lives significantly. Having high FQ is essential in making an adequate choice. Despite so, many lack sufficient financial knowledge to make the best financial decisions.
Within this 2-day workshop, participants will be taught key financial concepts through real-life case studies, and learn to apply what they have learnt into their workplace and their daily lives. Participants will also be taught how to use useful tools such as the Cost-Benefit Analysis, to aid them in making better financial decisions in addition to the concepts taught.
Let’s develop our financial intelligence and benefit both personally and professionally!
Course Objective
At the end of this course, you should be able to:
Make decisions or proposals with financial elements
Understand financial models
Implement projects in both work and life with financial strategy
Make decisions or proposals with financial elements
Understand financial models
Implement projects in both work and life with financial strategy
Course Outline
You will be learning the following:
Example of an organisation’s financial model and it’s similarity to personal financial model.
Various examples and cases will illustrate and integrate the following concepts and analysis tools. Learners will appreciate how to join the dots and building their financial mind. For example, you can find great value in these two flagship cases, the cost reduction case and the retirement planning case.
Costs: Identifying relevant costs and benefits. Loans and cost of capital.
Constraints: Working with boundary conditions. Budgeting. The impact of taxation and inflation.
The Bottom Line: Profit or Loss and Liability.
Cost-Benefit Analysis.
Project Evaluation.
Sensitivity Analysis.
Expected Net Present Value.
The purpose of managerial financial reports. How can you apply this idea personally?
Key financial concepts in the following areas will be integrated and illustrated in the examples and cases:-
Uncertainties and Risks: Investment opportunities and risk preferences of investors.
Financial Dimensions: Cash versus Accrual. Working capital management. Why cash flow is the lifeline in a business operation? Forecasting future demand. Managing appropriate inventory levels. Price <–> Value <–>Time.
Analysis tools illustrated in examples and cases, such as:-
Payback / Break-Even period.
Risk appraisal methods used in examples, including:-
Scenario Analysis.
Course Fees And Grants
$1070.00 per participant (Inc. GST)
No SDF grant.
Absentees will be charged the full course fee.
Course Schedule
| Course | Code | Venue | June - 23 | Jul-23 | Aug-23 | Sep-23 | Oct-23 | Nov-23 | Dec-23 |
Our Corporate Partners
Previous
Next
What Our Students Say
Previous
Next
