This course transforms financial and accounting language and concepts into decision-making tools a non-financial manager can use successfully every day.
Who Should Attend
This course is for all managers at all levels who face financial decisions covering cash and revenue implications, and impose controls, such as budget setting, or make a contribution to the wider planning process. It is designed for those who are about to be promoted into those positions or who wish to develop or refresh their financial skills. This is relevant at all levels in an organisation.
Delegates will gain knowledge and skills to:
- Translate plans into budgets
- Understand confidently financial accounts and reports
- Manage resources and budgets
- Sustain good financial practice
- Recognise the differences in profit and loss accounts, balance sheets and cash flows and know their meanings
- Recognise the power of comparisons and ratio analysis in understanding financial statements
- Use financial measures to evaluate performance
Key Course Highlights
- Why organisations fail?
- Interpretation of your organisations financial management information
- Interpretation of accounts and how to spot attempts at manipulation
- The key role of monitoring and taking prompt action
- Know your costs and how they behave: fixed costs, variable costs and other costs
- Cash management and budgeting