This high-impact two day program will navigate you through the complexities of financial statements in a logical, clear and easy-to-understand language. No prior knowledge of accounting or finance is required to benefit from this course. Any non-financial person with impact on financial results will find the course invaluable. In short if you have a need to interpret and analyse financial statements then this course is for you.
In reviewing the basics of financial statements, the course walks attendees through the essentials of understanding a company’s financial health by accurately reading and interpreting balance sheets, income statements and cash flow statements. It carefully explains how to evaluate financial statements using tools of financial analysis like ratios, vertical analysis and horizontal analysis.
The course also takes the participant behind the numbers to explain how companies formulate their financial documents and what key areas creditors should look-out for, in evaluating credit worthiness.
- Appreciate the uses and applications of the different kinds of financial statements
- Understand key financial analysis tools
- Use a quick and practical approach to looking at financial statements given the time constraints that we have for analysis and decision making
- Interpret key financial figures and their impact on a business
- Understand the relationships between operational strength, investment and financing decisions
- Identify the danger signals to look for when assessing creditworthiness and granting credit-limits to existing and new customers
- Identify basic irregularities while looking at financial numbers.
- Understand the difference between cash flows and accounting profit
- Recognize the limitations of financial statements
- Take the guesswork out of analyzing financial statements
- Decipher financial jargon; improve your financial comprehension skills and communicate confidently with accounting and financial professionals
The training is designed for Department Heads, team leaders, credit-granting associates, sales associates, business owners, non-financial business associates and managers that are involved in measuring and managing financial results.