Financial Decision Making

Overview

This introductory workshop provides a structured framework and practical tools to help participants evaluate options and make sound financial decisions in a business context.

Effective financial decision making is not just about numbers—it requires understanding of costs, interpreting information, and applying judgement. The programme introduces these capabilities step by step, enabling participants to analyse financial data, assess alternatives, and select the most appropriate approach for their SME.

Key focus areas

Understanding Financial Information: Develop insight into financial and management accounts and how they support decisions

Cost Behaviour and Classification: Analyse fixed, variable, and semi-variable costs and their impact on profitability

Decision Analysis: Use cost-volume-profit analysis and contribution concepts to evaluate options

Qualitative Factors: Recognise the importance of non-financial considerations in decision making

Pricing and Profitability: Explore different pricing approaches and their impact on business performance

Investment Appraisal: Apply payback and discounted cash flow techniques to assess capital investments

Structured Decision Making: Integrate financial and critical/creative thinking to make robust decisions