In order to function effectively in business, all managers need to have a good understanding of finance, how it affects the day to day operations of an organisation and its importance in the planning and decision-making processes.

This course is designed for managers from non-financial backgrounds to gain a better understanding of the basic principles of business finance and become more confident in addressing matters of a financial nature.

Course Benefits

• By the end of this two-day programme, participants will better understand:
• The role of finance in business
• Commonly used financial terminology
• How to read financial statements
• The role of finance in planning and decision making

Course Programme

• BUSINESS AND FINANCE
  - The concept of risk and reward
  - How business organises itself
  - The role of finance in business
  - How businesses develop and grow
  
• UNDERSTANDING FINANCIAL STATEMENTS
  - Users of financial statements and their needs
  - What is meant by accounting and financial reporting?
  - Basic bookkeeping
  - Accounting principles, conventions and rules explained
  - The Profit & Loss Account, Balance Sheet and Cash Flow Statement
  
• FINANCIAL MANAGEMENT
  - Reading and interpreting financial statements
  - Ratio analysis
  - Breakeven analysis
  - Cost accounting
  - Working capital management and cash flow forecasting
  - Gearing and equity and debt financing
  - Raising finance in business
  - Business valuations
  
• FINANCIAL PLANNING
  - The constituents of a good business plan
  - The planning process
  - Variance analysis
  - Capital budgeting
  - The role of finance in the planning process