Finances and Peak-Performing Business (Essay Sample)

SEMINAR MANUAL
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Introduction
Turning out to be a peak-performing business sale expert is not merely held in reserve for individuals talented with ordinary skills as well as abilities, nor is it an easy title to earn. By the side of qualified sales representatives, we accept as true that successive in sales necessitates thoughtful in addition to performing central part strategies plus tactics — furthermore, holding on a demonstrated line of attack that spotlights on getting to the bottom of customers' inconveniences and understanding where they are in the big business process. Financial seminars are the most effectual and well-organized tool for marketing your business. There is basically no better way for agents, brokers, and advisors to come across exceedingly competent prospect. The seminar designed to train front office staffs can be broadly categorized into three major sections, that is, phase one (pre-event), phase two (event) and finally phase three (post event). In the initial phase, we are going to describe clearly the structure and scope of the finance-training program as well as comprehend the configuration of firms that deal in finances, and finally the finance functions at the business level. In phase two, we are going to review the available four training procedures. Finally yet importantly, in phase three previews all the activities expected after the seminar. This seminar edition of The Financial Service Organization Seminar Manual is intended for use by the seminar instructors conducting seminars on financial services. The seminar will be carried out by seminar instructor and will be covered in three phases namely pre-seminar, seminar, and post-seminar.
PHASE 1: PRE- SEMINAR ACTIVITIES
* Set the date and time of the seminar
This is the most important step. Time and date of conducting a seminar can influence the seminar attendance. Set the date and time that will enable participants to attend in large numbers.
* Create Invitation List
Create an invitee list. Ensure your invitees are ideal clients who are cable of generating ideal referrals. Choose clients who are satisfied with your services who are can provide an endorsement for third parties that transform into clients the prospect. Focus on strategic partners during the invitations.
* Assemble the facilitators
* team
*
Decide on the people who will undertake the duty of facilitating during the entire seminar event. Ensure your team members are qualified and have background information on the study topics. Create a systematic procedure of how the event will follow each other during the entire seminar period, this will save time in the event of a change in personnel.
* Select the seminar location
This is a very important undertaking for any seminar event. The location of the seminar event can have a significance impact on the seminar outcome. Select a venue that can be viewed by the participants as special, the purpose of which is to increase the seminar attendance. Consider a quiet private location to avoid the possibility of unnecessary disturbance. If necessary, ask the participants to suggest the venue of their choice for the seminar.
* Prepare Seminar Materials
Make available all the materials that will be used at the seminar. Decide on the material to be distributed before the seminar and the ones that should be distributed during the seminar. Avail the invitation and confirmation letters, follow-up letters, and the phone scripts and acquire enough workbooks for the event. Decide whether evaluation forms are needed and acquire where necessary.
* Stating the objective of the seminar
Discuss the reason for convening the seminar. Familiarize participants with the topics of study
Introduce banking, budgeting, and savings account, insurance and retirements, consumer loans and credit cards, heal expense and management, property and risk management.
* Distribution of text and other relevant information
Distribute the text and other supplementary materials to the participants for familiarity and strategic reading purposes. The purpose of which is to familiarize with the text structure during inspectional reading. Decide on a suitable sitting arrangement of the facilitators and the participant. Make the facilitators and the participants to seat while facing each other, Display the name of each participant in the seminar room banker for identity purposes.
PHASE 2: DURING SEMINAR
Step2: Comprehending the financial services organizational structure
The division tasked with handling financial services consults the directors as develop and implement to institute and implement rules that are in tandem with the authority’s expectations. These rules are meant to boost product and service delivery to levels that they either meet or surpass expectations, while upholding the company’s security. In this way, government agencies are able to gather data and analyze them with the intention of enhancing management.
Step3: Financial services areas of diligence
The Chief Finance Officer’s portfolio includes risk management, budgeting, finance, procurement, accounts payables, accounting, and grants management. The budgeting director and other finance chiefs work with the finance division to come up with financial strategies. This team also approves budget adjustments and works under the budgeting manager.
The risk management division’s mandate is offer a good working environment. This team handles well-being, payments, insurance covers, and disaster preparation. The procurements sector has the responsibility of making acquisitions; all purchases go through them. The accounts payable department handles all invoices irrespective of whether they come from individuals or public institutions. On the other hand, Accounting covers expenses that are physical in nature and bestows journal entries. It also oversees the records and updates the account code structure. Lastly, grant management oversees the application process in addition to national and regional grants.
Step4: Structure and scope of the Finance Training Program
Successful running of the twelve-monthly firm`s budget needs a well-versed and well trained front office administrative staff. The financial partners have built up a training program designed for aiding the firm front office administrative staff
To build up the skills intended for trailing, scrutinizing, along with making indispensable modification to keep the company`s costs within budgeted allotments and make use of budget funds as projected. The triumphant finishing point of the training components gives the information as well as duty completion expertise essential to perform. The training program is expected to do well to both new-fangled front-office staff along with the supplementary knowledgeable office support personnel.
Step5: Finance functions in organizations
Many organizational processes and undertakings are related to finance in one way or the other and can, therefore, be said to fall under financial services. The table below provides examples of such finance related functions:
Organizational financial task

Functional areas

Making orders for supplies

Purchasing

Payment of the organization’s bills

Accounts payable and general accounting

Attending to client queries on sales

Customer services

Confirming whether all items reach their destinations and in a good condition

Account payable

Recording mishaps and carrying out energy and fire trainings

Risk management

Step 6: Preparation
The foremost unit is known as prepare. This is a preliminary course that covers up the fundamentals of the firms’ finances. The topics covered here incorporate setting up and updating Xero System reports, Xero versus ERP accounting systems, and the account code structure.
The course is key in the acquisition of financial management skills as it forms a base for the acquisition of all other skills.
Step 7: Management
After the "prepare" stage comes "manage." It offers participants hands-on oversight over non-remuneration and payroll plans by incorporating ledgers and reports. It builds on the basics covered in the "prepare" stage by introducing tools vital to budget management The second section is referred to as manage. The "manage" stage incorporates comprehension of information obtained from Xero reports and the use of MS Excel ledgers. It can be implemented in two distinct levels mentioned above: over non-remuneration and payroll plans. This is represented by "NS" and "P" for the former and the latter respectively.
Step 8: Reconciliation
The next stage, "reconcile" tackles the reconciliation of the two ledgers. The goal here is the identification of discrepancies in expenditure that were not covered in the budget. Just like "manage" and "prepare," the course is available in the two levels mentioned earlier: P and NS
Step 9: Correction
The concluding module is termed "Correct." This component marks the ultimate phase of triumphant budget administration, which involves making corrections. After discrepancies are identified, participants learn how to rectify the errors so that they meet expectations. The areas of interest at this level include organizational queries, journal entries, budget transfers, and how to distinguish them.
In addition to the levels tackled above, open labs and ZOOM summits can be used.
All secretaries and assistants undergo training regardless of whether they are veterans or new in the firm. Extra effort can be put into the realization of extra sessions to take care of extra areas pertinent to the administration of a firm’s assets.
There will be extra sessions geared towards providing urgent d...