Overview:
This course demystifies finance, clarifies terminology and helps participants to adopt an informed approach to the financial aspects of their organisation.
Aims & Objectives:
Participants will leave the programme with a clear understanding of the role financial reporting instruments (Profit and loss account, balance sheet and cash forecast) play in understanding a business. They will have a clear understanding of the structure and purpose of these tools as well as techniques to construct a meaningful budget and forecast for a department or organisation.
On completion of this course, delegates will be able to:
- State the role budgeting and forecasting plays in creating and maintaining a successful business
- Interpret financial data in relation to their business
- Understand the principles of working capital and cashflow
- Understand the structure of a profit and loss account and a balance sheet
and their importance
Course Outline:
- Structure of a business
- Understanding how the structure of a business effects the financial reporting tools used
- The purpose of financial reporting tools
- Creating and maintaining budgets and forecasts
- The structure and importance of:
- The profit and loss account
- Cashflow forecast
- Working capital
- The balance sheet
- Using financial ratios to understand a business
- Interpreting company accounts
This highly interactive programme is delivered using a mixture of tutor input, group discussions and activities. Delegates will have the opportunity to work on a number of case studies and will review a number of company accounts.
You will gain confidence to work with financial key reporting tools.
Intended For:
This course is a good introduction to financial management and is ideal for technical specialists or managers who need to increase their understanding of finance and financial reporting tools. Note: This programme takes a department or organisational perspective to financial accounts, not a project specific approach.
None.