Money is the language of business. The ability
to understand and analyse financial data is essential
for successful management. This two-day course is designed
to help executives come to grips with the fundamentals
of finance and accounting.
Can you read a balance sheet? Or what a profit and
loss is telling you? Or recognise the difference between
cash and profit? How about interpreting key financial
ratios? Or optimising the working capital cycle?
This highly interactive, positive programme shows you
how. The content transforms the jargon, concepts and
ratios of finance into a set of straightforward business
tools the non-financial manager can use every day to
sharpen performance.
Tutorial input is complemented with practical exercises,
plus examples taken from case studies, the Financial
Times and (if appropriate) delegates own published accounts.
Participants return to their jobs equipped to apply
the fundamentals of finance to influence business decisions,
improve profits, sell new business plans, manage budgets
and communicate more confidently with finance-based
colleagues.
The programme is ideal for managers who believe a clear
understanding of money matters is essential to their
career progression.
Course
Objectives
At
the end of the course participants
will:
Know how to read, interpret and
understand a set of accounts.
Be able to hold their own when
communicating with financial personnel.
Know how to prepare and manage
a meaningful budget.
Be more aware of the financial
implications of the decisions they
make.
Delegates
Will Learn
The manager's role and responsibility
in today's cost conscious environment.
Why accountants have so much influence.
Profit vs cash. How not to go bust
while business is booming.
How money moves within a business.
Working capital management.
How to read and interpret the three
basic financial statements. Profit and
loss. The balance sheet. Cashflow forecast.
What to look for in a set of accounts.
How to read between the lines.
How to differentiate between cashflow,
revenue and capital.
How to use ratios to analyse performance.
How to compile a realistic budget.
How to manage a budget once you've got
it.
Profit centre and cost centre reporting
The difference between management accounts
and financial accounts. Interim comparisons.
How to establish pricing policy. Introduction
to costing methods - marginal, absorption
and standard.
How to find out about your customers'/competitors'/suppliers'
financial position.
How to use the numbers to get your financial
story across.How to prepare job and person
profiles.
Course
Details
Dates:
11-12 May 2010
19-20 October 2010
Times:
Day one:
10.00 am - 5.30 pm
Day two: 9.00 am - 5.00 pm
