- Insight into the key financial statements – the Income Statement, the Balance Sheet and the Cash Flow Statement to enable good communication with the finance department and contribute effectively to the company
- Demystify the myth that ‘financial concepts” are complex
- Learn finance from a “business perspective”
- Understand how the numbers are generated, how they can be manipulated
- Evaluation and assessment methods of financial statements using effective ‘basic analysis’ and fundamental financial ratios.
- Great appreciation for working capital management and operating working capital and why it is important in critical times of uncertainty.
- The Key Financial KPIs
- Knowledge of types of costs, profit and breakeven as financial tools
- Get an insight into costs concepts and marginal costing for effective decision making
- Understand the importance of budgets and forecasts and it’s drivers and controllers
- Learn the difference between OPEX and CAPEX and how to evaluate CAPEX projects
Executives, Managers, Directors and anyone who wants to understand Finance from a Business viewpoint
The program is highly interactive with a balance of lectures, exercises and case study. All concepts will be linked to client’s annual report. Participants are requested to bring along their calculators.
- Module 1 – Why finance in the context of business overviews and stakeholder expectations?
- Module 2 – Introduction to business start-ups and assets and liabilities
- Module 3 – Understanding Financial Statements
- Module 4 – Analyzing and Interpreting Financial Statements using basic Analysis including Trends and Ratios. Understanding the Strengths and Weaknesses of Accounting Measures of Performance
- Module 5 – Video on Finance for Non Finance Managers to recap learning of Day
- Module 6 – Critical aspects of Working Capital Management
- Module 7 – Differences between Statutory Financial Statements and Management Accounts
- Module 8 – Management Accounting and the importance of Cost Profit and Breakeven?
- Module 9 -Budgeting and Forecasting
- Module 10 – Introduction to Capital Budgeting and Investments Appraisals