Student Lounge Up-skilling colleagues in FRA

Up-skilling colleagues in FRA

  • This topic has 7 replies, 5 voices, and was last updated Mar-17 by jimmyg.
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    • MattyJ
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      Ok, so as part of my personal development plan at work for 2013 I included that I wanted to introduce some kind of formal training at work with a view to up-skilling junior colleagues. On the back of this I have so far delivered 5 separate training sessions on Financial Reporting on the basis that a lot of the support staff see accounts every day(as they need to key them into our Credit system) but have never been told what they actually mean.

      I thought it would be useful to share my personal view/feedback on how it has gone so far.

      1) I know a lot more than a I probably think I do (not in an arrogant way, but it’s a massive confidence booster when you realise just how much you have picked up through the CFA exams and how fluently you can talk about this stuff).

      2) standing in front of a class and talking about financial accounting is a great way to consolidate what you know. This actually makes me feel really good about myself.

      3) despite not having much experience in financial accounts, some people ask some really interesting questions, and probably come at it in a very different way to how I would look at things (you also. Get the odd cocky person who tries to catch you out…obviously you just shoot this person down in flames with complicated technical jargon and ΓΌber-CFA knowledge πŸ™‚ )

      4) do not under estimate how little people know. The best comment I’ve had so far is “why does Total Net Assets and Equity always match? It really bugs me”! Luckily we discussed the balancing part of ‘balance sheet’ at the next session!

    • Reena
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      It helps with presentation skills too @Mattjuniper – I think it’s a great initiative! Not a lot of firms focus on personal development these days… Not to mention you feel good after that teaching / helping people out in a technical topic!

    • MattyJ
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      Definitely! The biggest problem I have is keeping to a 30 min slot…I just wanna keep going!

    • Zee Tan
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      Conducting in-house training is always good – as @mattjuniper said you practice your knowledge, you obtain leadership and presentation skills, and give yourself better confidence at work, plus you network a lot more and get a better reputation in your firm. Win win win!

      I didn’t do any CFA training, but I did give Excel training back in the day and it was really helpful. πŸ™‚

    • Sarah
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      Out of sheer curiosity @MattJuniper did you devise your own lesson plan or did you follow the CFA curriculum as a guideline? I find the hardest part of teaching anything is the time devoted to preparing the material to deliver in a coherent manner.

      Do you just get up and talk or use powerpoint and/or the whiteboard as aids.

    • MattyJ
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      Devised my own as the CFA went into too much detail for what i needed. Basically split it into the following:
      1) Fundamentals of financial reporting
      2) P&L
      3) Balance Sheet
      4) Cash Flow
      5) Financial ratios

      The above was my initial aim, but now we’ve pretty much finished that I’ll offer to carry on and go into more detail in other areas

    • Zee Tan
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      Next stop – CFA video lectures @mattjuniper πŸ™‚

    • jimmyg
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      @Mattjuniper I do the same thing at my firm – basic classes to HR and support. It’s a great way to practice, and also a great way to meet new people πŸ˜€

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