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E-Learning Course: PrimeFinance™ Product Image

E-Learning Course: PrimeFinance™

  • ID: 340312
  • PrimeLearning com

The PrimeFinance™ curriculum has been designed to demystify finance and to remove financial phobias. Learners will be able to present and negotiate their case for project or departmental budgets, and justify and defend their performance in terms that senior management will relate to and accept. They will be able to apply key financial terms and indices to evaluate the performance of their project, profit center or cost center, as well as that of their organization. They will also be able to develop and evaluate project proposals as part of a capital budgeting process. In effect, the curriculum is designed to support managers who want to break through the financial glass ceiling and progress in their managerial careers.

What you get:

- 20 hours eLearning
- 5 Courses (14 hours), each including Self Check Assessment
- On-line Resources (6 hours) - Job Aids, Glossary, Recommended Reading Lists, Web Links
- Personalized eLearning System account
- PreAssessment (PrimePath™)
- Mastery Assessment
- Search feature
- Access to Discussion Boards, Chats
- On-line Mentoring

Target Audience:

Department managers who need to take on budgetary READ MORE >

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Curriculum Summary
Six courses Present a Systematic Approach to Enhanced Financial Effectiveness

Module 1: Measuring Financial Performance
1. The Ground Rules
2. The Financial Statements
3. Evaluating Performance

Module 2: Planning and Controlling Budgets
4. Budgeting Matters
5. How to Budget

Module 3: Investment Appraisal
6. Making Investment Decisions

The PrimeFinance™ curriculum has been designed to demystify finance and to remove financial phobias. Learners will be able to present and negotiate their case for project or departmental budgets, and justify and defend their performance in terms that senior management will relate to and accept. They will be able to apply key financial terms and indices to evaluate the performance of their project, profit center or cost center, as well as that of their organization. They will also be able to develop and evaluate project proposals as part of a capital budgeting process. In effect, the curriculum is designed to support managers who want to break through the financial glass ceiling and progress in their managerial careers.

Module 1: Measuring Financial Performance
Prerequisites: None, however we recommend these courses be taken in sequential order, beginning with The Ground Rules

1.The Ground Rules

This course first explains the relevance of finance for the nonfinancial manager before describing fundamental accounting conventions such as double entry, cash- and accrual-based accounting, and GAAP (Generally Accepted Accounting Principles).

Aimed at all levels, The Ground Rules includes the topics:
(A) Who Needs Finance?
(B) Keeping Track

Screens: 50
Duration: 1.3 – 1.6 hours

Objectives:

Recognize the relevance of finance for the nonfinancial manager and describe fundamental accounting conventions.

2. The Financial Statements

This course gives the learner a thorough understanding of the three universally recognized and accepted financial reports: the income statement, the balance sheet, and the cash flow statement.

Aimed at all levels, The Financial Statements includes the topics:
(A) Discover the Financial Statements
(B) Income Statement
(C) Balance Sheet
(D) Cash Flow Statement

Screens: 110
Duration: 2.8 – 3.5 hours

Objectives:

Define, understand and interpret income statements, balance sheets and cash flow statements.

3. Evaluating Performance

This course begins by distinguishing between trend and competitive analysis and continues by explaining how the liquidity, activity, profitability, and solvency ratios are used to analyze an organization’s performance.
Aimed at all levels, Evaluating Performance includes the topics:
(A) Measuring Up
(B) Liquidity
(C) Activity
(D) Profitability
(E) Solvency

Screens: 139
Duration: 3.5 – 4.4 hours

Objectives:

Determine appropriate managerial actions based on an evaluation of the primary ratios of liquidity, activity, profitability and solvency.

Module 2: Planning and Controlling Budgets
Prerequisites: Completion of Module 1 of this Curriculum

4. Budgeting Matters

This course illustrates the benefits of budgeting to the work of a manager and describes a range of commonly used budgeting methods, such as zero-based, fixed, incremental, rolling, and flexible.

Aimed at all levels, Budgeting Matters includes the topics:
(A) Budgeting Benefits
(B) Budgeting Methods

Screens: 52
Duration: 1.3 – 1.7 hours

Objectives:

Lists four ways that budgeting benefits you in your work as a manager and describe five commonly used budgeting methods.

5. How to Budget

This course describes the process of budget preparation and control. The course illustrates how a budget is flexed to take account of actual performance, and how variances are analyzed and calculated as a basis for corrective action by management.

Aimed at all levels, How to Budget includes the topics:
(A) Preparing a Budget
(B) Controlling a Budget

Screens: 61
Duration: 1.6 – 2 hours

Objectives:

Explain how to prepare and set up a control system for a budget.

Module 3: Investment Appraisal
Prerequisites: Sequential completion of Modules 1 and 2 of this Curriculum

6. Making Investment Decisions

This course describes the decision points that support capital budgeting within an organization, and continues to explore how a range of techniques (including CVP, NPV, payback, IRR, and ARR) can be used to conduct short- and long-term project evaluations within this process.

Aimed at all levels, Making Investment Decisions includes the topics:
(A) The Decision-Making Process
(B) CVP Analysis
(C) Project Appraisal Techniques

Screens: 88
Duration: 2.2 – 2.8 hours

Objectives:

Describe the three stages of the investment decision-making process, conduct a CVP analysis on a proposed project, and use a range of project appraisal techniques to determine a project’s viability.

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Our Unique Approach

We strive to improve the skill level of individuals within your organization, as well as the business performance of your entire organization. This aim forms the foundation of our instructional design philosophy. Objectives are at the very core of all courses. Each course topic focuses on the accomplishment of specific performance objectives and the development of valuable new skills. The curriculum is both practical and relevant, using examples and case studies to present real-world work situations. Content areas are comprehensive, and depth of coverage is an important characteristic of each course.

Our PrimePathTM capability uses an initial learner assessment to recommend an individualized learning path based on demonstrated competencies. The mastery module provides the learner with measurable and documented evidence of improvement.

Our courses employ an unprecedented number and variety of interactions to stimulate learning. These interactions extend beyond simple knowledge recall to invoke high-level thinking and problem solving. Optional live virtual classes and collaborative events further enhance the total web-based learning experience.

To facilitate continuous learning and performance improvement, course participants have convenient access to job and performance support aids that summarize key steps, processes, and guidelines. Resources such as Internet links, recommended reading lists, glossaries and company specific documents enable learners to tap into a continually updated archive of quick reference and on-the-job support materials. Workplace exercises enable learners to apply their new skills within their work environment.

The PrimeCompliance series leverage Internet technology to create an individualized and highly interactive learning environment. From presenting concepts, to detailing processes, to depicting relevant scenarios, to testing learner understanding, these curricula engage professionals in a top-down roll-out of proven techniques. Each Internet-based course is broken down into multiple topics, enabling the learner to focus easily on areas where improved proficiency is required. Supplemental virtual classroom sessions can incorporate a live-instruction component, while job aids, workplace exercises, topical links and other resources further the learning experience.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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