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Finance for Non Financial Staff

Course_Reference: 
GBS-FNF
Manufacturer: 
0
Training_Provider: 
47
Summary: 

Understand profit & loss accounts, balance sheets, cash flow statements and operating budgets. Read, understand and interpret financial information. Remove the myths and fears that surround finance. Understand the financial implications of your plans and decisions.

Audience: 

Anyone who requires knowledge of business finance.

Objectives: 

Understand profit & loss accounts, balance sheets, cash flow statements and operating budgets. Read, understand and interpret financial information. Remove the myths and fears that surround finance. Understand the financial implications of your plans and decisions.

  • Accounting and the Law: business entities; accounting principles; accounting policies; terminology.
  • Profit & Loss Account: types of profit; layout of the profit & loss account; use of the profit & loss account; terminology.
  • The Balance Sheet: what capital and liabilities are; what fixed and current assets are; layout of a balance sheet; use of a balance sheet; terminology.
  • Cash Flow Statements: importance of cash flow; impact of credit and credit control; problems affecting cash flow; factoring; layout of cash flow statement.
  • Interpreting Reports and Accounts: types of report; layout of reports; legal requirements; how to use profit & loss accounts and balance sheets to interpret accounts; use of accounting ratios to assess a company’s performance; stock market indexes and reports.
  • Costs: cost types; cost behaviours; impact of decisions.
  • Budgetary Construction: types of budget; terminology; budget guidelines; budget periods; budget manuals; formats.
  • Budgetary Control: use as a management tool; variance analysis; forecasting.
  • Action Plan: participants plan and discuss what they will do on return to work.

Description: 

Understand profit & loss accounts, balance sheets, cash flow statements and operating budgets. Read, understand and interpret financial information. Remove the myths and fears that surround finance. Understand the financial implications of your plans and decisions.

Keywords: 
Finance

Software Vendor

IT Technical

Business Skills