Financial Fluency Program

The Financial Fluency Program is an intermediate-level training program designed for supervisors and managers who oversee financial outcomes and drive business performance. The program offers a comprehensive learning experience for those who need to communicate financial insights through reports and analyse data visually on a daily basis.  Participants will gain critical skills to interpret financial data, develop and manage budgets, and enhance business performance. This program is ideal for those aiming to plan and present financial strategies with clarity and impact.

Program inclusions

Duration

The Financial Fluency Program is delivered within a 2-month period, allowing participants to apply their learning in real work environments, maximising learning outcomes and impact. 

Topics covered

Days 1-4: Planning for your Business Success

Workshop 1

• How to create and manage comprehensive business budgets
• Identify and differentiate various types of budgets
• Gain proficiency in the steps for basic budget creation
• Develop strategies to adapt financial plans to shifting business conditions
• Recognise the significance of continuous budget monitoring and review
• Understand the role of financial planning in achieving future business success

Workshop 2

• Learn how to use various financial analysis tools to evaluate business performance
• Learn how to make strategic, data-driven decisions based on financial insights
• Learn how to calculate key profitability ratios (gross profit margin, net profit margin, return on equity)
• Understand what these ratios indicate about a business's profitability
• Learn how to calculate basic efficiency ratios (inventory turnover, accounts receivable turnover)
• Understand what these ratios indicate about how efficiently a business is using its assets

Workshop 3

• Learn how to calculate key liquidity ratios (current ratio and quick asset ratio)
• Understand what these ratios indicate about a business's ability to meet short-term obligations
• Learn how to calculate a basic solvency ratio (debt-to-equity ratio)

Workshop 4

• Practical tips for improving cash flow management
• Learn strategies for managing accounts receivable (getting paid faster)
• Learn strategies for managing inventory effectively
• Learn strategies for managing accounts payable (optimising payment terms)
• Understand the importance of a healthy working capital cycle

Day 5: Effective Report Writing

• Define and understand your audience
• Prepare reports in a collaborative and structured manner
• Define the main message immediately and unmistakably
• Relate the main message to audience requirements
• Highlight the reasons for the decisions projected
• Use plain English
• Prepare powerful, concise documents that have a logical flow
• Correctly cite source and reference information
• Examine incident and complaint documents that are logical and non-discriminatory
• Write reports that specifically target the outcomes you want

Days 6 & 7: Microsoft Excel - Intermediate to Advanced

• Define and use range names and labels in a workbook
• Work with logical functions
• Work with lookup and reference functions
• Apply advanced formatting features
• Set conditional formatting
• Setup and utilise data validation features
• Use subtotalling
• Understand and create Pivot Tables
• Use advanced Pivot Tables techniques
• Create Pivot Charts

Learning outcomes

• Develop the ability to interpret financial data and draw actionable insights.
• Gain practical experience in budget creation and management to support business objectives.
• Enhance skills in presenting financial strategies clearly and effectively to stakeholders.
• Strengthen report writing abilities for comprehensive, data-driven communication.
• Build proficiency in Microsoft Excel (Intermediate to Advanced) for financial analysis and visualisation. 
• Improve competency in analysing financial statements to inform strategic decisions. 
• Apply financial analysis skills to support and drive organisational performance. 

Who is this suitable for?

The Financial Fluency Program is designed for:

• Supervisors or managers responsible for overseeing financial outcomes
• Professionals who need to communicate financial insights through reports and analyse data visually
• Business professionals seeking to advance their financial planning skills and ensure long-term success in a dynamic business environment 

How to enrol?

Register online or complete the enquiry form below, and our training course experts will get in touch to discuss options that suit your needs. For more information, call the Victorian Chamber on (03) 8662 5196.

You will earn a Victorian Chamber Digital Credential on completion of the program. 

* Savings based on Member Price: $2,100 (valued at $2,440) = $340 saving, Non-Member Price: $2,700 (valued at $3,100) = $400 saving.