Decision

Decision

INTRODUCTION To be successful in todays fast-paced business environment, professionals need to master a wide range of complex financial tasks. It is critical for executives to use financial data effectively when making business decisions. Finance executive training is required to address individual learning needs, fill knowledge gaps and deliver a practical approach to finance training for any career stage. It is imperative to understand the concepts, language and techniques of finance if managers are to communicate with authority within a business. After all, finance is the language used in the business. Without knowledge of some basic financial concepts, financial decisions taken by ill-informed managers can adversely affects the financial health of the business. Those not comfortable with finance and the appropriate use of its language invariably find themselves struggling to operate as effectively as they could. Financial Literacy Financial Training Need for Financial Training Understanding Business Needs Contents of Financial Training programs Evaluating Financial Training Programs Linking Financial Knowledge with Financial Behavior Financial Literacy Financial literacy can be defined as knowledge of basic financial concepts and the skills and attitudes to translate this knowledge into behaviors that improve financial outcomes. Knowledge of financial concepts might include, for example, understanding the purpose of a budget or the elements of a savings plan. Other concepts include understanding loan terms and conditions or the difference between various types of financial institutions. Skills to translate this knowledge into behavior might involve how to make a spending plan, open a savings account, calculate an interest rate, or obtain information on the products and services offered by a particular financial institution. Examples of attitudes related to...

Similar Essays