Business finance for non-financial managers

HIghlights of this top selling 3 day Business Finance programme include:

Write your own ticket – play a role in setting financial goals and measuring performance – you’ll be a greater asset to your organization
Learn the basics in 3 days and become the one in the room who can use data to their advantage
Master “the ask” – when you ask for money for your department, it’s a huge advantage to be able to use finance to state your case and support your recommendation
Make smarter decisions – learn to interpret financial reports and make decisions based on the data they provide
Measure your progress – through pre- and post-assessments, you’ll be able to see how much you have learned

Programme Highlights:

Basic Accounting Concepts

The Importance of the Accounting Equation
The Accrual Process
The Difference Between Accounting Profit and Cash Flow

Understanding Financial Statements

Understand the Purpose of and Terminology Associated with the Following Financial Statements:
Income Statement or Profit and Loss Statement (P&L)
Balance Sheet
Statement of Retained Earnings
Cash Flow Statement
Prepare a Set of Simple Financial Statements
Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements
Understand How Various Business Transactions Affect the Financial Statements

Reviewing an Annual Report

Various Components of an Annual Report
Importance of Notes in Evaluating Financial Statements
External Auditor's Role and the Significance of the Opinion Letter

Evaluating a Company's Financial Statements

Calculate the Key Financial Ratios Using the Financial Statements
Use Financial Ratios to Evaluate:
An Organization's Liquidity, Leverage and Profitability
The Performance of an Organization as Compared to Its Competitors'
An Organization's Performance Compared with Budgeted Goals
Identify Sources of Financial Information Beyond the Financial Statements
Use the Dupont Formula to Evaluate Management Performance
Use the Concept of Economic Value Added (EVA(R)) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business

Improving Profitability Through Cost Analysis and Profit Planning

Differentiate Between Fixed and Variable Costs
Help Your Organization Improve Profitability Through the Use of:
Break-Even Analysis
Contribution Margin Analysis
Direct Costing in Appropriate Situations
Understand Traditional Cost Accounting and Its Limitations
Understand the Relevance of Activity-Based Costing in Today's Business Environment

Capital Expenditure Analysis

Distinguish Between Capital Expenditure Budgets and Operating Budgets and Understand the Function of the Capital Budget
Understand Why Cash Has a Time Value
Recognize and Apply Different Methods of Evaluating Capital Expenditure and Monitoring Project Performance

Budgeting More Effectively

Understand the Role of Budgeting and Issues That Budgets Can Solve
Understand the Budgeting Process
Identify Different Types of Budgeting Systems in Use Today
Analyze Budgets for Different Purposes
Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance