Financial Acumen for Engineers

Start time: 9:00am AEDT. Develop your financial acumen with a practical understanding of finance and gain the confidence to apply this knowledge in your workplace.
Financial Acumen for Engineers

An Engineering Education Australia Virtual Workshop:

As businesses become more competitive and complex, and engineers move into project or leadership roles, financial know-how is increasingly more important. Engineers need to understand the ‘big picture’ of financial performance, the key levers for influencing financial results, and the consequences of their decisions.

This program will help you to be more effective in interpreting financial priorities, using the language of finance, communicating with financial people, incorporating financial principles in decision making, and managing financial resources.

The program includes a combination of virtual (live online via zoom) sessions and self-paced learning, providing you with more content and practice than that which can be covered in the standard face-to-face course.

After completing the program, you’ll be able to:

  • make sense of financial concepts and terminology
  • easily read balance sheets and income statements
  • take an executive perspective on profit creation
  • explain the difference between profit and cash flow
  • recognise the interconnection of financial metrics
  • identify the financial variables you personally affect
  • use financial ratios to distinguish financial problems
  • make better decisions by incorporating financial know-how
  • positively influence financial productivity and results.

 

Workshop dates


This workshop will run during the following times:

1 February - 8 March 2022

  • 1 Feb: 9:00am - 10:00am AEDT
  • 8, 11 & 15 Feb: 9:00am - 11:30am AEDT
  • 8 Mar: 9:00am - 10:30am AEDT

RSVP: (3 business days before the start date, 11:59pm)

 

Learning outcomes

Financial acumen

  • Easily make sense of balance sheets and income statements
  • Understand essential financial concepts and terminology
  • Understand the interrelationship of key financial variables and metrics
  • Understand how managers can and do influence financial performance
  • Gain an executive perspective on the financial drivers of a business

Organisational and interpersonal skills

  • Consider your organisation’s financial goals and priorities
  • Gain confidence in communicating with senior managers, executives and finance staff
  • Learn how to ask pertinent questions about financial issues and performance
  • Be able to justify proposals and projects from a financial perspective
  • Improved decision-making through consideration of multiple effects on financial performance

 

Is this course for you?

This course suits engineers and project managers who seek to gain a strong understanding of the fundamentals of finance from an executive perspective. Prior knowledge of accounting and finance is not required.

 

Engineering Education Australia's Virtual Workshops

A Virtual Workshop is a structured live online classroom-style delivery method for training and professional development. For the optimal online learning experience, Virtual Workshops are interactive and use tools such as break-out rooms for discussions, activities based on practical case studies, and two-way communication.

Event Date Time
01 / 02 / 2022 09:00 am – 08 / 03 / 2022 10:30 am
Registration Closes
27 / 01 / 2021 11:59 pm
Webinar
Cost
  • Members:
    $649
  • Non Members:
    $763.53
Host(s)
Engineering Education Australia
Event Contact