Take the mystery out of business finance and understand the pertinent factors to be considered in making sound business decisions.
Who should attend?
Any non-finance person requiring the basic financial skills necessary to demystify business finance and manage a business, business unit, project or similar
Duration
One day
Outcomes
Participants will:
Understand basic accounting terms and concepts
Understand the income statement and balance sheet
Learn how to analyse financial information using financial ratios
Understand management accounts and external accounts
Understand performance measurement systems
Develop budgets and cash flow forecasts
Understand the importance of and methods used to manage cash flow and working capital
Course content
Accounting and the accounting process
The balance sheet
The income statement
Ratios – analysing financial information
Management accounts
Basic budgeting for business
Cash flow projections
Actual performance vs. Budget / forecast
Cash flow and working capital management
The course also includes several case studies.
