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Finance for non-financials PDF Print E-mail

FINANCE FOR NON-FINANCIALS - Better financial Understanding

A three day training workshop

About this Course

All employees need to be aware of the financial factors vital to business success. This workshop will show how money works in a business and will highlight the critical issues of profitability, liquidity and financial structure. 

Delegates will gain an understanding of the processes and principles of financial reporting together with how to budget and control costs.

Understanding the financial point of view and the mindset of their financial colleagues will be a theme of the workshop and will enable delegates to communicate more effectively with their financial colleagues.

Delegates will see how their actions influence company results.

By The End Of The Workshop Participants Will Be Able To:

-Understand financial records and processes; and the role and the limitations of company financial reports

- Recognize the financial pitfalls of business and understand how profitability can be improved

-Demystify finance and financial jargon to facilitate communication with the financial function

-Make better business judgments through better appreciation of the financial implications

Workshop Overview:

Breaking Through the Barriers Caused by Financial Jargon

- introduction to the principles of accounts

P&L and Balance Sheet Statements

- how they are derived

- their content and interpretation.

Cash Flow and Working Capital Control

Measuring Business Performance through Key Financial Ratios

Fixed and Variable Costs

- calculating the break-even point

- the implications of different company cost structures

- business models

Management Accounts

- product and customer profitability statements

- derivation and interpretation

Identifying and Controlling Costs

- the concept of activity based costing

The Budgeting Process

- effective budgeting                                                                                                    Overview of investment appraisal methods and of the assessment of financial risk 

 


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