Helping non-financial managers to raise their awareness of finance and to use financial information in making business decisions
As companies strive to enhance their shareholders' funds there is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction in shareholder value.
This 2 day Finance Course aims to raise the level of financial awareness of the participants and enable them to use the financial information provided to them to make better short-term or long-term decisions in managing their business.
Key Benefits of Attending
By raising their financial awareness, participants are better able to manage their businesses' revenues, costs, profits and cash. Participants will also be able to use their new financial knowledge to make more effective decisions.
This course will provide basic financial principles and cover generic financial management tools necessary for decision making. Learning is achieved via examples, which reinforce the theory, and topic-related internationally acclaimed videos which successfully simplify the financial topic for the non-financial person.
This highly successful and popular Finance Course has attracted more than 3,100 participants from various organisations.
Understand the main components of a typical set of financial statements or annual report
Understand the key underlying accounting concepts in the preparation of financial statements
Understand and identify the differences in financial statements between
businesses in different industries
Understand and interpret financial statements
Understand and use the 7-step approach to analyse businessesBe able to perform a swot analysis on the financial statements
Understand and use certain management tools in decision making
Understand and apply payback, net present value and internal rate of return in decision making
Understand the basic concept of economic value added
Understand the concept of gearing
Understand briefly the concept of weighted average cost of capital [wacc]
Understand and apply costing concepts
Be able to apply costing concepts in making financial decisions
Appreciate the impact of costs on long and short term decisions
Understand basic tax implications of their decisions
Understand briefly the budgeting process
Understand briefly foreign exchange management
Understand briefly the effects of foreign exchange movements on financial
Objectives
Financial statements:
Understand the main components of a typical set of financial statements or annual report
Appreciate the key underlying accounting concepts used in the
preparation of financial statements
Business analysis
Know how to interpret financial statements and analyse businesses
using the 7-step approach
Have performed a SWOT analysis using financial statements
Cash:
Understand the cash operating cycle and what affects a company's cash flow
Know how to manage the cash operating cycle
Costing:
Know the different categories of costs which exist and their implication on costing
Understand costing concepts, and apply them in making business
decisions
Financial Management Tools:
Understand and apply the payback, net present value and internal rate of return methods of project appraisal in decision making
Understand briefly the concepts of shareholder value, gearing and
weighted average cost of capita
Budgeting, forex and taxation:
Have an appreciation of budgeting and the effects of foreign exchange movements and taxation on financial decisions.
Who Should Attend
Directors, managers and any other officers that use financial information in the course of their work and do not have any specialized training in understanding financial information.
Prior knowledge of accounting or finance is not required to benefit
significantly from this course.
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