Helping non-financial professionals raise their awareness of finance and use financial information in making better business decisions
Workshop Overview
As companies strive to enhance their shareholders’ funds, there is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement. Decisions made without properly understanding the financial implications may lead to reduced profits (sometimes even losses) and a reduction in shareholder value.
This workshop aims to raise the level of financial awareness of the participants and enable them to use the financial information provided to them to make better short-term or long-term decisions in managing their business. Delegates will be provided with a series of examples and cases that will lead them through the appropriate stages of development as they work from zero or little knowledge to the greater understanding that this course provides. At all stages of the course, delegates will appreciate the interactive nature of it and will be immersed in the materials from the beginning. At appropriate points, there will be quizzes and exercises to complete, including programming spreadsheets of varying levels of difficulty and fully worked solutions to all of the quizzes and questions set together with Excel spreadsheet solutions.
Benefits of Attending this Workshop
By attending this course, you will be able to:
DISTNGUISH between the three major financial statements: Income Statement, Balance Sheet and Cash flow Statement
CARRY out the analysis of financial data using a variety of techniques, including Ratio analysis
LEARN qualitative analysis of financial and non financial data
REVIEW annual report and accounts of organizations, including the notes of explanation found in those reports
IDENTIFY trends and strategies contained in financial and non financial data and reports
APPRECIATE the nature and role of management accounting
UNDERSTAND the various elements of management accounting and cost management
IDENTIFY the different types of production and service systems and the ways in which management accounting seeks to work with them
CREATE periodic performance reports for management and others
Who Should Attend
This hands-on designed workshop is for non-financial professionals seeking to update their knowledge of finance and accounting, including:
All non financial managers
Supervisors who are aiming to become middle or even senior managers
Non financial directors who have reporting responsibilities
Executives who wish to update their knowledge of basic finance and accounting functions
Individuals with backgrounds in creative, scientific or technical fields
Junior finance staff who are returning to work after an absence
Anyone who needs an update on the latest thinking in this field