Finance for Non-Financial Managers
Aims & Objectives
To be able to read the main financial statements- Profit and Loss Account and Balance Sheet
To be able to use accounting information to make informed business decisions
To be able to prepare a detailed Cash Flow Statement
To understand the difference between the concept of profit and the concept of cash
To understand key accounting terminologies
Skills Learned?
The use of the key contents of financial statements and making informed decisions
Analysing the Profit and Loss Account using key ratio analysis methods
Using the language of accounting and the terminology used in financial statements
Focusing on the marginal costs and profit margins of products and services produced
Differentiating between the concept of profit and the concept of cash
Content
Exploring the role and purpose of the accounting function within an organisation
Defining Financial Accounting and the legal requirements relating to auditing and taxation
Defining Management Accounting and the role it plays in planning and control
Explaining the methodology involved in the preparation of the Profit and Loss Account (Income Statement ) and Balance Sheet
Examining and evaluating the detailed contents of the main financial statements and how to interpret the figures and make informed decisions
Using case studies to prepare cash flow statements based on real companies
Who Should Attend?
People who need to be competent and confident in understanding accounting statements and accounting terminologies / those who are involved in financial decision making