Training

Training

The FinGenie Training Programme

FinGenie is introducing a training programme so that users can fully understand the dynamics of the diagnostic tool and the thinking behind it.

The Training Programme is aimed at those who own or run small to medium enterprises as well as the accountants and consultants who serve them. 

The FinGenie Way

FinGenie is a simpler way to understand what your business is telling you! It helps you create a better business.

Overview

Financial statements set out the results of a business’s performance over a period of time. However, the problem is that most people struggle to understand them and are thus unable to make the changes that the business needs to improve and grow. FinGenie is designed to help business become more efficient resulting in improved profits, stronger cash flow, better asset management and increased valuations. By using FinGenie, the entrepreneur/business manager is provided with a road map for success in an uncomplicated and extremely efficient way.

This course, when combined with our software will empower the business owner, management team and accountant to properly assess, implement changes required and dramatically improve the performance of the business. The course provides the participants with all the insights and tools to understand the story their business is telling them, enabling them to create a better business!

Course Presenter

Jon Harding is a B.Com.HdipAcc. CA(SA) and has been involved in education for the last 20 years. He was the Financial Director of Educor Limited as well as of the SABJE. He has developed FinGenie as a result of his passion for education as well as for small business.

Who Should Attend

The course is aimed at those responsible for the management of small to medium businesses and their advisors being accountants or consultants. It is ideal for those who report on the performance of the business and who are able to motivate and promote change. Anyone who is involved in the management of the business, including those who sit on the Board, will benefit from a greater understanding of  the numbers and the need to address those weaknesses highlighted by Fingenie using a simple yet effective methodology.

Course Outline

Part One

  • The importance of numbers and the financial statements
  • The problems with Financial Statements in their current form

Part Two

  • The FinGenie Way- 5 Steps
  • Capture the base data
  • Understanding the 5 Metrics of performance
  • Profitability
  • Asset Managed
  • Return on Assets Managed
  • Cash Flow
  • Valuation
  • What do the metrics tell us?
  • Setting Targets

Part Three

  • The 6 Drivers or Ignitors of Change
  • Improving performance using the ignitors
  • The Impact on performance ofyour business
  • Keeping Track by assessing monthly

Part Four

  • Reporting
  • Making FinGenie part of your DNA
  • Management Involvement
All Sections will be complemented by:

Notes

Tips and Pointers

Case Studies and examples

Questions & answers

 

Aerial Overview

Enter base data

Extract the 5 performance metrics

Assess the metrics and set targets

Apply the 6 drivers of change

Track progress

 

 

Benefits of Doing the Course

On completion of the course the participant will be able to:

  • Understand and implement FinGenie in an effective way
  • Understand the financial metrics the business is achieving
  • Set new targets which are realistic and achievable
  • Visually show management team the impact on performance of making positive changes
  • Use the 6 levers or ignitors to make dramatic improvements to the business
  • Put in place the controls, systems, follow ups necessitated by the changes
  • Track the progress towards achieving the targets
  • Use the visuals provided in the software to motivate the changes
  • Use Fingenie as an incentive to managers to make changes, improve the business and enhance returns for shareholders
  • Assure the business’s bankers or lenders by providing them with the reports which show an improved risk profile