As engineers move from technical to project or leadership roles, the importance of a strong financial skill set grows. Financial acumen allows engineers to develop an understanding of the impact of their decisions on the broader organisation, align their decisions with an organisation’s strategic objectives and improve project performance.
This two-day course introduces fundamental financial principles and develops competency to enable engineers to improve financial results.
Using a range of practical and interactive learning methods to build your financial acumen, this course will cover the basics of accounting including financial language, accounting concepts and equations, the three main reports (balance sheet, income statement, and cash flow statement), key financial ratios, as well as analysing financial statements, budgets and forecasts to identify how to improve profitability and performance.
Upon completion, you will be able to confidently contribute to financial discussions with senior managers, evaluate financial issues and performance, and justify projects and proposals from a financial perspective.
Download the course Technical Flyer for more details.
Build your Chartered competencies
This training course builds skills and knowledge in the following Engineers Australia Chartered status competencies*:
6. Identify, assess and manage risks
*Completing this course does not automatically guarantee a competency, it provides participants with the underpinning knowledge required to develop specific Chartered competencies.
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We can bring this course to you and even customise the content so that it’s applicable specifically to your work group and industry context.
Find out more about how we can help you and your team with your financial knowledge by filling out an enquiry form or calling +61 3 9321 1700.
Engineers and project managers who seek to gain a strong understanding of the fundamentals of finance as it applies to engineering activities. Prior knowledge of accounting and finance is not required.
Grahame Scriven is the CEO of Sydney Finance Academy, providing strategic financial management training across Australia. With more than 30 years’ experience, Grahame is a leader on delivering strategic financial management solutions and has worked for large clients in the banking, education, insurance, energy, government and commercial sectors. Prior to leading SFA, he has worked for Deloitte Consulting, Ernst and Young Consulting in Strategy & Operations, and NAB as a National Manager for strategic planning, budgeting and profitability. Grahame holds a Bachelor and Master’s of Economics from Macquarie University and is a Certified Practising Accountant (CPA).
The focus is on accounting not on financial economics and business valuations. The course will not cover the maths of finance, NPV, IRR, and the cost of capital.