The purpose of this 1/2 day course:
Virtually every manager needs to have an understanding of how financial figures under-pin the activities of every business or organisation.
Finance is the common language of costing and pricing, impact of profit and loss, valuation of assets and liabilities. All these must be a part of even the most specialised decision making process.
A lack of a basic apprecitation of financials can lead to very difficult times, even business failure!
Benefits to the organisation:
The course improves the understanding of costing, pricing, estimating, quotations and the difference between profit and loss.
Who is the course for?
Every manager who feels that the financial people sometimes talk in a foreign language!
Topics covered:
- Typical financial documents for a business, organisation or charity.
- Specimen accounts; brief investigations to see the profit or loss, assets, liabilities and capital base
- Cash flow; why and where is it different to profit and loss issues
- Costing methods; how much will it cost us?
- Pricing methods; the advantages and pitfalls
- Budgets; how and when, structure examples and how to use them
Time will also be allowed for discussion points relevant to all participants
By the end of the course, delegates will be able to:
Improved ability to make decisions and proposals, that are based on their specialised operational analysis, knowledge of technology and planning, which is supported by a capable financial appreciation.
