Financial Competency Improvement (FCI) System

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Financial Competency Improvement (FCI) System

• Provides
• Financial Competency Assessments (FCAs)
• Learning Resources
• Management Books at a Discount

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The FCI System provides

• An on-line system, allowing for 24 hour access
• Financial Competency Assessments (FCAs) in key
  skill areas
• Feedback report and results
• Learning Resources
• Management Books at discounted prices

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FCA Key Skill Areas

• Budget Setting
• Budget Monitoring and Control
• Finance for Non Financial Managers
• Financial Accounting Techniques
• Financial Strategy
• Business Planning
• Fraud Awareness
• Procurement
• Costing and Pricing
• Basic Maths and Statistics

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Financial Competency Assessments

• On-line questionnaires
• 20 randomised questions on each topic
• Multiple choice or multiple selection
• Assessment of underpinning knowledge and
  practical application
• Scores for underpinning knowledge, practical
  application and overall performance
• Automatically generated report on training needs
• Up to 3 attempts per questionnaire

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Example Questionnaire
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Example Report
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Bespoke FCAs

• Financial Competency Assessments can be
  specifically developed and tailored for the
  individual organisation, ensuring that the
  relevant competency areas are assessed
• These are then available on-line. Just select
  named FCAs from the list at any time to suit your
  organisations needs
• Management reports available listing individual
  performance results in each area of assessment,
  along with average scores which can be used as
  benchmarks

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Example Report
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Learning Resources include

• Slide presentations
• Notes and exercises
• Suggested solutions
• Self development activities, encouraging
  reference to the organisations own documents and
  practices
• Access to management books published by HB
  Publications

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The FCI System key USPs

• A cost effective assessment and development tool
• Provides on-line web access whenever and wherever
  clients need to use it
• An assessment tool that measures key management
  skill areas such as finance, planning, and fraud
  awareness
• An assessment tool that not only assesses
  knowledge but also the practical application of
  that knowledge
• Can be used to measure and evaluate the
  effectiveness of training by undertaking pre and
  post assessments
• Can be used in recruitment and selection