Critical thinking is the ability to think reflectively and independently to make thoughtful decisions. By focusing on root-cause issuescritical thinking helps you avoid future problems that can result from your actionsRegardless of the responsibilities you play, critical thinking is essential for the Finance and Accounting department if you want to be a valuable company partner. Professionals in finance and accounting who possess a strong sense of judgment and the ability to think critically may rapidly cut through the uncertainty and information overload to focus on what matters most.Every business professional should take this course since it covers the core of the risks and challenges that we all encounter on a regular basis in real life.Such problems have a significant impact on individual and organizational performance and so it is crucially important to be able to use the appropriate management tools to resolve them and avoid their repetition.During this session, we will enable participants to identify various forms of risk, use root cause analysis to determine the source of resultant business problems, and then use the tools and techniques of the problem-solving process.
• Develop the essential skills needed to understand the various types of risk
• Analyze the choice of options available to deal with business risk and financial risk
• Identify the key factors to determine the real root causes of business problems
• Resolve business problems using the problem-solving process
• Develop a methodology to eliminate the repetition of business problems
• What is Critical Thinking?
• How to use Critical Thinking
• Why do we need to think critically?
• Resourceful Thinking
• The Habitual Criteria and Core Patterns of Critical Thinking
• Essential Patterns of more Advanced Critical Thinking
• What is Risk?
• Identification of the Different Types of Business Risk and Financial Risk
• Definitions of Root Cause Analysis (RCA)
• Fundamental Elements of the Root Causes of Problems
• General Principles of Root Cause Analysis
• The Process of Implementing and Documenting an RCA-based Corrective Action
• Root Cause Analysis Techniques
• The Theory of Constraints (TOC)
• The Deming Plan / Do / Check / Act (PDCA) Model
• Using the Problem-solving Worksheet
• The Problem-solving Process Models
• Using the Tools and Techniques of the Problem-solving Process
• Using the Problem-solving Process to Resolve Business Problems • The Use of Critical Thinking in a Business Context • The Practical Analysis of Business and Financial Risk • Applying the Tools and Techniques of Root Cause Analysis • Developing a Usable Problem-solving Approach to Generate Practical Solutions to Real-life Business Problems
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
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Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.