Introduction

The ability to understand and interpret financial information together with a sound financial awareness is a vital skill for any executive.  This workshop is specifically aimed at small groups or individuals who want to explore a deeper level of understanding of finance within a safe, confidential environment. The workshop covers both financial and management accounting principles, interpretation of company accounts, the analysis of product profitability, profit margins, contribution and break even, cash flow and working capital management.  In addition it covers the basis upon which financial decisions can be made and judged.   

Who should attend: Business owners and managers whose work involves an understanding of finance.  It will also benefit those wanting to improve their confidence with financial terminology and the use of standard accounting reports.

Course Aim

To give delegates a deeper understanding of how to use and interpret financial information enabling them to increase their own effectiveness and that of their organisation.

Course Objectives

• Understand accounting terminology and principles
• Interpret a Balance sheet
• Interpret a Profit and loss statement
• Analyse and challenge financial information
• Appreciate the importance and impact of sound cash flow management
• Use decision making tools for long term capital investment

Introduction to accounting terminology and concepts

 

The main financial statements

 

Inter-relationship of accounting statements

 

Financial performance indicators

 

Profitability measurement and decision making

 

Working capital management

 

Cashflow management

 

Capital investment appraisal techniques for long term decision making

 

Style

The workshop is highly participative and blends practical exercises with presentations and discussions.