FUNdamentals of Finance was born out of frustration… On one hand from staff in businesses who see accountants as boring, virtually humourless people obsessed by numbers and difficult to communicate with… And on the other frustration from accountants sometimes exasperated at the decisions of non-finance trained staff and how this lack of understanding of the financial consequences of decisions affected the profitability of the company … and the desire to find a solution.
At the core of this frustration is a fundamental difference in learning styles. Most accountants are left-brain dominant: analytical, sequential, detail oriented, comfortable with numbers.
Left brain, right brain…
And many staff? Not trained accountants and right brained to boot, meaning they are more creative, generally better with words than numbers and not as detail oriented.
In addition to the differences in learning styles, the reality is many staff, having worked their way up the corporate ladder, now run multi-million dollar budgets and do so with little formal financial training.
The power of FUNdamentals of Finance is it starts from scratch and assumes no knowledge. It builds from the baseline of personal finance, concepts everyone is familiar with.
Using colour and form, and a hands-on approach, it makes it easy for non-finance people to make connections between abstract financial concepts and how their decisions impact on the company’s bottom line.
“The IKEA of Finance Training”
FUNdamentals of Finance uses the Bonanza learning system. Bonanza is the Swedish learning organisation that pioneered the experiential and hands-on rather than lecture approach to adult training.
Bonanza provides the world’s finest finance training and over 300,000 people in Sweden, Norway, Denmark, England, Holland, Germany, Turkey, Estonia, Latvia, Lithuania, Russia, Slovak Republic, Czech Republic, South Africa, Singapore, Malaysia, Hong Kong, Australia, USA and Canada have benefited from this practical, fun and easy to understand training.
Our Managing Director, Cherry Birch holds the exclusive Australian rights to the Bonanza system; you will not find it anywhere else except in FUNdamentals of Finance.
Cherry Birch began her career as an accountant in the UK and was quickly drawn to helping others without finance training and began tutoring others in the skills of finance.
She has worked in south-east Asia in the areas of management, leadership and financial skills development and in the late 90s took up a position in Australia. Based in Melbourne, she has consulted to the Australian Institute of Management and now runs FUNdamentals of Finance exclusively for the Australian corporate market.