This course is designed to give delegates an introduction to business finance. This will increase their impact on financial planning, budgeting and forecasting and allow them to contribute to their organization’s success by using financial concepts to make better business decisions.
The programme will explore the importance of financial information in business operations and management, and introduce delegates to key financial statements, the role of management accounting information in decision making and the central role of budgeting in the planning and control process.
This course also explains and develops tools and techniques which will enable delegates to understand the business from both a financial and strategic perspective, as well as how business decisions will impact on corporate profitability.
Who should attend?
This course is designed for all non-financial managers, supervisors and team leaders, new or experienced, who are required to use, interpret and act upon financial information when making business decisions.
The role of financial information in business
- The role of financial information in decision making
- Financial information as a source of financial control
- Financial information and performance measurement
Financial statements – their construction and interpretation
- Income statements and their construction
- Statement of consolidated financial position
- Cash flow statements
Understanding Management Accounts
- Management accounting information and its use
- The nature and importance of management accounting
- Short term decision making using management accounting information
Decision making using financial information
- Interpreting income statements and statements of financial position
- Short and long term financial management decisions
Budgeting and budgetary control
- The nature and purpose of budgeting
- Budgeting techniques
- Budgeting and management control