The programme is designed to give participants a firm understanding of the principles of financial management and provide them with the confidence to participate in financial discussions and financial decision making.
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Description
Most Managers/Supervisors/Team Leaders that work in a non-accounting role still have some kind of financial responsibility, whether it is managing budgets, cost centres or interpreting financial statements. They don’t need to be financial experts but they need to be able to interpret figures and understand what lies behind them.
Learning Objectives:
- Understand company accounts and the figures within the accounts
- Identify key performance indicators
- Analyse the company’s performance
- Understand ratio analysis and interpret trends and fluctuations
- Control budgets and costs more effectively
- Enhance financial planning and decision making
Course Content:
- Accounting principles
- Manual and management accounts
- Main elements of financial statements
- How to read and analyse financial statements and management accounts
- Working capital management
- Basic performance ratios
- Financial forecasting
- Managing cash flow
- Cash flow forecasting
- Overview of costing methods
- Costing for decision making
- Break-even analysis
- Purpose of budgets and the budgetary process
- Measuring company performance against budgets
- Sources of finance
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