After participating in this course, you will be able to:
- Understand the key principles of finance, including the time value of money, inflation, and the cost of capital.
- Use Excel to perform critical financial functions and analyze financial data effectively.
- Make informed decisions regarding financing options for purchases and investments.
- Calculate and interpret the implications of loans, depreciation, and taxes on cash flow.
- Evaluate the financial viability of assets and determine optimal replacement or retirement timelines.
- Assess investment opportunities using techniques like Present Worth, Annual Worth, IRR, and ERR.
Description
In today’s fast-paced world, the ability to make informed and effective financial decisions is crucial both at home and in the professional sphere. This workshop is meticulously designed to arm individuals from non-financial backgrounds with the foundational knowledge and practical skills needed to navigate the complexities of personal and business finances with confidence.
Through a blend of theory and hands-on application, participants will delve into the core principles of financial decision-making, from understanding the fundamental impact of inflation and the time value of money to mastering Excel's powerful financial functions. The course will transform complex financial concepts into accessible and actionable knowledge, enabling attendees to evaluate financing options, manage assets efficiently, and assess investment opportunities with greater precision.
Whether managing household finances, overseeing budgets in a corporate setting, or evaluating potential business investments, the skills acquired in this workshop will be immediately applicable and enduringly valuable. Participants will leave with the ability not only to perform essential financial calculations but also to interpret the results to make decisions that align with long-term financial goals.
Course Outline
- Module 1: Foundations of Financial Decision-Making
- Module 2: Time Value of Money and Core Financial Concepts
- Module 3: Evaluating Financing Options
- Module 4: Understanding Loans and Tax Implications
- Module 5: Asset Management Strategies
- Module 6: Investment Evaluation Basics
- Module 7: Advanced Investment Evaluation
- Module 8: Course Conclusion and Resources
Who Should Attend
Professionals from non-financial sectors who wish to make better financial decisions in their roles • Individuals seeking to improve their personal financial management and planning • Small business owners looking to understand the financial implications of their business decisions • Managers and supervisors interested in developing financial acumen to enhance decision-making and strategic planning • Anyone interested in gaining a practical understanding of finance and its applications in everyday life.
Course Rating
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COURSE CREDIT
Almost all of EPIC's courses offer :
- Continuing Education Units (CEUs) and
- Professional Development Hours (PDHs)
These course credits will help attendees earn training requirements for their associations or provincial governing bodies.
ON-SITE TRAINING
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