Financial management: boost your knowledge

The aim of this training course is to boost your knowledge of financial management so that you can play an equal part when thinking, talking, and deciding about financial matters with colleagues who have a background in finance. You will acquire insight into the influence you can exercise, and we will swap experiences and practical tips.

These are the subjects we will handle during the training course:
✓ The UG financial model.
✓ The relationship and differences between cash flow and results.
✓ The UG annual accounts, including an explanation of terms such as annual report, accounting principles, financing principles, liquidity, solvency, 'Return on Invested Capital (ROIC)'.
✓ The 'Weighted Average Cost of Capital (WACC)': how profitable is an investment?
✓ Financing an organization and the financial risks.
✓ Managing an organization from a financial perspective.
✓ The sense and nonsense of cost calculations, cost allocation, and contribution margins.
✓ Financial planning: investment plan, operational plan, liquidity plan, estimates and budgets, and multi-annual plan.
✓ Judging on the basis of responsibility for financial results.

After this training course, you will:
✓ Know some of the jargon used by financial experts.
✓ Know how to work with financial experts.
✓ Know how the UG financial structure works.
✓ Know about the financial cycle.

Aspects of the training course appreciated by staff members:
✓ Less resistance to, and more knowledge when, reading financial documents.
✓ A better understanding of the terms used by financial managers.
✓ More confident about joining discussions with managers about finance.
✓ More confident about developing policy with a financial component.
✓ A pleasant way to talk and learn about money.

In 2021, participants gave the training course an average score of 9¼.