A 2-DAY COURSE
FOR THOSE WHO HAVE A NEED TO UNDERSTAND ORGANIZATIONAL FINANCE.
This course aims to give those people who need it an
appreciation and awareness of the basics of finance and accountancy as
applicable to organisations. It
is intended for non-finance staff and covers basic accountancy principles,
published accounts, elements of costing and budgetary control.
At the end of the
course participants should feel confident to discuss basic financial concepts
with other managers, and should be able to carry out routine business finance
tasks appropriate to non-financial staff.
What is profit? Profit and cash
Return on investment and the basic profit model
Accruals, provisions and depreciation
Capital employed and working capital
Profit & Loss Accounts, Cash Flow Statements and Balance Sheets
Interpreting financial statements - measures of profitability,
liquidity and solvency.
Cash flow forecasting
Basic sales pricing and markets
Added value and cost control
Unit costs and overhead allocation
Break-even analysis and contribution
The budgeting process
Constructing a budget
Budgetary control and variance analysis
The course will use a mixture of
instruction, discussion and some practical work. A full set of reference
notes is provided so that participants can follow up issues raised in the
course and can refer back to topics in the future. Participants should bring
calculators to the course, other materials will be provided.