Financial Analysis
Financial managers should be creative thinkers and problem-solvers, applying their analytical skills to business. They must be comfortable with the latest computer technology. Financial operations are increasingly being affected by the global economy, so financial managers must have knowledge of international finance.
Because financial management is critical to efficient business operations, well-trained, experienced financial managers who display a strong grasp of the operations of various departments within their organisation are prime candidates for promotion to top management positions.
Candidates for financial management positions need a broad range of skills. Interpersonal skills are important because these jobs involve managing people and working as part of a team to solve problems. Excellent communication skills are needed to explain complex financial data. Because financial managers work extensively with various departments in their firm, a broad overview of the business is also essential.
Continuing education is vital to financial managers, who must cope with the growing complexity of global trade, changes in Federal and State laws and regulations, and the proliferation of new and complex financial instruments. Computer technology has reduced the amount of time and the staff required to produce financial reports. As a result, forecasting earnings, profits, and costs and generating ideas and creative ways to increase profitability will become a major role of corporate financial managers over the next decade. Financial managers who are familiar with computer software that can assist them in this role will be needed.
To enable professionals to achieve excellence in Financial Analysis and Reporting skills, Monash Professional have developed a number of short courses in the relevant areas, including using Microsoft Excel to summarise data for effective business decision making.
Financial Analysis Courses: