This two-day course will also help non-financial managers to gain a better
understanding of the financial implications that other decisions within the company
can have, good and bad.
De-mystify financial management for employees who are not in a financial role.
This course explains key concepts that will allow attendees to ascertain what they need to know from financial statements. The course achieves this by providing an understanding of the main financial reports your employees will see within their organisation and ways of interpreting them using basic key performance indicators.
Learners will discover how to financially appraise capital investments, enabling them
to make and justify business decisions without the assistance of people who hold
financial roles within the company.
Learners will gain:
Improved understanding of common financial concepts
Analytical skills to interpret key aspects of financial statements
Knowledge of the importance of control over ‘Working Capital’
Improved cost analysis and control
The confidence and ability to prepare budgets avoiding common pitfalls
The ability to ask the ‘right’ questions
Topics covered in this two-day course include:
The definitions of commonly used financial terms
The importance of financial reporting - understand statutory, management and
third party requirements
Accounting concepts - profit, cash flow, depreciation and other key concepts
The financial statements - profit and loss account (Income Statement),
balance sheet (Position Statement)
The impact of taxation
Working Capital - the importance of control over each component
Cost analysis - analyse costs using both presentation and relationship bases,
Capital Investment appraisal - apply common techniques and be able to
Budgeting - avoiding common errors in preparing budgets
Financial information - common ratios defined, basis of calculation and their