About this Event
Develop a practical understanding of financial management and learn how financial information supports effective business planning and decision-making. Financial Management, Budgeting and Forecasting for Business Professionals explores financial statements, budgeting, cash flow management, cost analysis, financial forecasting, and performance evaluation. You will learn how to interpret financial data, monitor expenses, identify budget variances, and understand the factors influencing an organisation’s financial performance. Through practical activities, case studies, and workplace examples, you will explore ways to manage resources responsibly and make informed financial decisions. Whether you are a business owner, manager, finance professional, or aspiring leader, this session will help you build financial knowledge relevant to your everyday business responsibilities.
01 | The Session At A Glance
Location
New York City, NY, USA
Duration
1 Full Day – 8 Hours
Delivery
Instructor-led classroom training
Format
In person classroom training (Virtual session available upon request)
Language
English
Credits
8 PDUs / Training Hours
Certification
Course Completion Certificate
Refreshments
Enjoy Complimentary Refreshments (Beverages, Lunch, and Snacks are included)
NOTE: The course will be delivered by experienced local trainers.
We aim to assign a qualified professional trainer based in or near the advertised training location. The trainer’s details and professional profile will be shared with registered participants before the session.
02 | Why This Session?
Financial management involves planning, monitoring, and evaluating how organizations use their resources. Budgeting, cash flow management, cost analysis, and financial reporting help professionals understand financial performance and assess the financial implications of business decisions.
This session covers practical financial management concepts related to workplace responsibilities. Participants will examine financial statements, review budgets, analyze costs and variances, explore forecasting methods, and consider how financial information supports planning and decision-making.
03 | What You Can Take Into Your Work
By the end of the session, participants will be able to:
- Explain key financial management concepts and terminology.
- Interpret basic financial statements and performance indicators.
- Apply budgeting principles to business planning.
- Identify factors that influence cash flow and working capital.
- Analyze costs, expenses, and budget variances.
- Explain basic financial forecasting methods and assumptions.
- Recognize financial risks and the role of internal controls.
- Use financial information to support business decisions.
04 | Is This Session For You?
Business Owners and Entrepreneurs: Understand budgeting, cash flow, costs, and financial information relevant to business operations.
Managers and Department Heads: Use financial information to support departmental planning, resource allocation, and budget monitoring.
Finance and Accounting Professionals: Review concepts related to financial reporting, budgeting, forecasting, and cost management.
Operations and Project Managers: Consider costs, resource requirements, and budget variances when planning and monitoring activities.
Business Analysts and Planning Professionals: Interpret financial information and examine its role in forecasting and decision-making.
Professionals Moving into Management Roles: Understand financial terminology, budgets, and the financial implications of operational decisions.
05 | The Strive Wisdom Approach
Practical: Examine budgeting, financial statements, cash flow, and cost management through workplace examples.
Human-Centred: Present financial concepts in clear language for participants with different levels of financial experience.
Responsible: Emphasize accurate financial information, appropriate controls, and responsible use of organizational resources.
Workflow-Oriented: Connect financial planning and monitoring with budgeting cycles, operational decisions, and reporting responsibilities.
Applied: Use examples and exercises to practise interpreting financial information and considering financial management decisions.
06 | From Individual Learning To Team Practice
Financial management involves coordination between finance, operations, project teams, and other business functions. Participants will examine how budgets, cost information, forecasts, and financial reports contribute to planning and communication.
Teams can use these concepts to review budget assumptions, monitor expenditure, identify variances, and share relevant financial information through established organizational processes.
In-House Session
Want to train your entire team?
Strive Wisdom can deliver this course as an in-house session tailored to relevant organizational responsibilities, financial workflows, budgeting processes, and reporting requirements. Examples can reflect the professional context of participating teams.
Contact us at [email protected] to explore in-house training options or get answers to your questions.
© 2026 StriveWisdom. All Rights Reserved.
Agenda
The Seven Practical Areas
Module 1: Financial Management Fundamentals
Info: • Explain the role of financial management in organizations.
• Identify key financial terms and concepts.
• Recognize how financial decisions affect business activities.
• Icebreaker
Module 2: Understanding Financial Statements
Info: • Identify the purpose of income statements, balance sheets, and cash flow statements.
• Interpret basic financial information and performance indicators.
• Examine relationships between revenue, expenses, assets, and liabilities.
• Case Study
Module 3: Budgeting and Financial Planning
Info: • Identify the main components of an operating budget.
• Examine how financial targets and assumptions shape budgets.
• Compare budgeted figures with actual results.
• Hands on Activity
Module 4: Cash Flow and Working Capital
Info: • Distinguish cash flow from accounting profit.
• Identify factors affecting cash inflows and outflows.
• Examine the role of working capital in daily operations.
• Simulation
Module 5: Cost Management and Budget Variance
Info: • Identify fixed, variable, direct, and indirect costs.
• Analyse differences between planned and actual expenditure.
• Examine possible responses to budget variances.
• Workshop Exercise
Module 6: Financial Forecasting and Performance Analysis
Info: • Explore basic forecasting methods and assumptions.
• Review financial trends and performance indicators.
• Examine how forecasts support planning and resource allocation.
• Group Discussion
Module 7: Financial Risk and Decision-Making
Info: • Identify common financial risks and uncertainties.
• Recognize the role of internal controls and accurate reporting.
• Use financial information to compare business options.
• Role Play
Event venue & nearby stays
Regus - NY, New York City - Brookfield Place, 200 Vesey Street, 24th Floor, New York, United States
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