Developing business acumen

This course maps to capability: 3
COST Prices include GST and are subject to change
Please contact IPAA New South Wales for more information.

Pre-Course Requirements

  • Participants are asked to bring a laptop to the workshop.

Overview

This workshop builds awareness and understanding of business acumen. Incorporating a strategic management online tool, the workshop addresses issues directly related to participants’ roles within the public sector.

Customised Agency Program

Customised agency programs are training programs uniquely designed in content and format to address the particular needs of your organisation. Customised agency programs are delivered at your workplace, thus saving your organisation money and enhancing team building.

All IPAA NSW courses are available as customised agency programs. Case studies and organisational policies and procedures from your organisation can be incorporated into these programs.

IPAA NSW matches the most appropriate consultant to the needs of your organisation, and offers flexibility in content, length and timetable, all at a convenient location. This flexible and cost-effective option benefits all agencies, particularly those with offices in regional NSW.

For further information or to receive a written proposal, contact IPAA NSW:

Tel: 02 9228 5225

Fax: 02 9241 1920

info@nsw.ipaa.org.au

Course Content

The workshop covers the basic principles of business acumen, including an overview of the key strategy tools and vital economic models, the fiduciary responsibilities of managers and how overall performance can best be linked to operating activities, and gives an explanation of the importance and application of break even, operating leverage, and capital budgeting. The workshop is highly interactive with participants grounding their knowledge through interaction in an online strategic environment.

Course Outcomes

By the end of this course attendees should be able to:

  • understand the economic and competitive environments
  • operate with financial accountability for line managers and supervisors
  • operate with KPIs and link them to financial KPIs
  • determine break-even analysis and the importance of fixed and variable costs
  • know how to make investment and capital budget decisions.

Benefits to your organisation

  • staff will be more aware of the financial impact on the organisation of strategic and tactical decisions
  • improved overall business decision making and results
  • better understanding of budget responsibility and financial statements

Benefits to you

  • improved understanding of how better strategic management decisions can be made in challenging economic and competitive environments
  • thorough understanding of three main financial statements of an organisation and the links between operation and financial key performance indicators (KPIs)
  • understanding of the role, methodology, risk and importance of capital budgeting decisions