This course will provide an opportunity to begin to understand what commercial and financial awareness means and the importance of everyone in BT thinking commercially.
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Description
This course will provide an opportunity to begin to understand what commercial and financial awareness means and the importance of everyone in BT thinking commercially. We will examine the key tools and techniques to analyse our commercial position in order to make the right commercial decisions. We will also examine the key financial processes and terminology to increase your confidence and competence when dealing with the financial aspects of your role.
Modules/Lessons
Objectives
- Define thinking commercially within BT and describe the key skills and qualities required
- Understand the importance of Strategy and describe how you help deliver the strategy
- Examine the key commercial awareness tools to analyse the business and the external environment
- Understand and describe the key financial principles that underpin how finance is conducted within organisations
- Describe key financial terms and jargon and state how they apply
- List and explain the elements of the financial statements
- Describe the factors that would positively and negatively affect the financial results and how you could add value
- Understand the different approaches and types of Budget
Topics
- Thinking commercially
- Understanding the commercial environment
- Key commercial thinking tools – SWOT, PESTLE, Porter’s 5 Forces
- Business cycles
- Principles and Jargon
- Financial Statements: Balance Sheet and Profit & Loss
- Analysing Financial Reports with Ratios
- Using Financial Information for Forecasting and Decision Making: Costing, Planning and Budgeting
- Action Plan