Finance – Getting to Grips with Finance

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Introduction

These days, anyone moving up the company ladder has got to have an understanding of finance and budgets.  This practical course gives non-financial people the tools to understand and interpret the company’s final accounts and budgets – and actually have fun doing it! Delegates receive a practical grounding in how the final accounts of a business are put together and how to make sense of them. Also an understanding of the basics of budgeting cash flow and break-even analysis.

Product Documents

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Description

Course Objectives 

By the end of the course, delegates will have:

  • Interpret the Profit and Loss Account and Balance Sheet
  • Compare meaningfully the financial reports of one business with another
  • Understand the basic principles and terminology of accounting statements
  • Recognise the vital importance of cash flow for a business
  • Compile cash flow forecasts
  • Understand how a budgetary control system works
  • Interpret and act upon budgetary information
  • Distinguish between fixed and variable costs
  • Recognise the importance of knowing the break-even point for a project

Course Content

How a business measures its income
The Profit & Loss Account

The Balance Sheet
Snapshot of the financial position

Financial ratios

Break Even Analysis

Cash Planning with Cash Flow Statements

Reviewing fixed and variable costs

Costing
Marginal versus Absorption costing

Personal Development Action Plans

 

Course Duration: One Day