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  Sometimes even a small decision about a new deposit, loan or the purchase of a financial instrument requires great effort, and may even seem to be an unsolvable puzzle. At times, we have doubts about our financial strategy or financial plan. The same is true for risks: we do not know exactly when risk is acceptable and when risk is too high. The basics of finance are good to know in all such cases.

Course objectives

During this practical course, participants will gain an understanding of the basic concepts of finance. The objective of the workshop is to acquaint participants with the basics of financial decision-making and the framework necessary for competent decisions. Participants will be acquainted with the main areas of finance, such as the financial system, financial markets and financial instruments. The programme covers the basics of financial management, investment management and risk management. Simple mathematical concepts, such as the time value of money, loan amortisation and the valuation of common stocks and bonds, will be discussed without getting overly complicated.

Who should attend

• business managers
• department heads
• sales & marketing managers
• corporate treasury managers
• financial staff with a non-financial background looking to learn the fundamentals of finance
• account officers who should understand and use a wide range of financial concepts, models and skills in communications with customers
• employees who wish to refresh their own financial knowledge and get answers to simple financial questions
• apprentices in the financial sector

Teaching methodology

The workshop covers the essential concepts, methods, tools and strategies in finance, without delving too far into financial theory. The programme of the workshop does not require specific financial knowledge or experience. This workshop is intended for participants who do not have sufficient practical financial experience, but also for those who wish to refresh their basic financial knowledge or get answers to simple, but frequent financial questions. In addition to theoretical basics, the day-to-day problems that arise in the workplace will also be discussed. Participants will return to their jobs equipped to apply the fundamentals of finance, influence business decisions and communicate more confidently with colleagues who possess a greater knowledge of finance. Due to the use of practical mathematical examples and exercises, participants should bring a financial calculator (HP 17B or similar). Only a minimal amount of calculus knowledge is required in order to master numerical analyses and examples during the workshop.