In many organisations, operationally responsible managers have been made accountable for the financial performance of their divisions, and need a basic level of financial skills to perform their role. This means that these managers need to have a firm grip on using a wide range of financial reports and information – understanding finance, accounts and budgets is extremely important for them.
This 2-day course provides comprehensive sessions on practical finance, accounts, and budgets for Non-Financial personnel/managers. It includes many practical sessions, case studies, and exercises that have the aim of making non-financial managers comfortable while using the information provided by their accounting departments to make the correct management decisions.
This course will ensure that they fully understand both the reports and what these are saying about their divisions underlying financial performance
- Introduce financial jargon and accounting methods
- Understand the purpose of the balance sheet, income statement and cash flow statement
- Draw conclusions, identify trends and highlight problems using financial reports
- Analyse the effects of pricing and margin strategies on profitability
- Understand the importance of cash flow and working capital on business
- Being capable of accurately preparing, managing and monitoring budgets and forecasts
- Apply financial knowledge to improve the quality of financial decisions