This course will show you how to interpret key financial statements, highlighting the questions and areas that matter. It shows how to understand key performance indicators to drive profitability. You will learn how to make the best decisions for your business.
- Do you need to be able to interpret key financial statements quickly and effectively?
- Do you want to be aware of the warning signals before there’s a problem?
- Do you want to be confident that you can make the best possible decisions on the capital projects your organisation runs?
Please be aware, this course also provides 14 Hours of Contact Education/Professional Development Units towards PMI PMP certification/re-certification
Who will the course benefit?
You will benefit from this course if you need to understand the financial implications of your day-to-day decisions to increase the profitability and performance of your business – this course is suitable for managers with little or no financial knowledge.
- The Business Cycle: understand how money flows in a business.
- Business objectives: use financial data to achieve business targets.
- The profit and loss statement, the cash flow statement and the balance sheet.
- Accounting policies and how to stop abuses.
- Profit versus cash and other key financial ratios, how to use them effectively.
- Working capital management.
- Cash flow management.
- Cost control and reduction.
- Improving margins and sales in your business.
- Break-even analysis.
- Investment appraisal techniques
By the end of the course you will be able to:
- Determine financial performance by analysing Financial Statements
- Support business decisions through information gained from applying costing techniques
- Build a budget
- Build a Cost Benefit Analysis and apply investment appraisal techniques
- Construct a cash flow
- Evaluate a business case
- Identifying the role and importance of Finance within organisations
- Understanding some of the common terms and jargon that are used
- Identifying the elements of the Profit and Loss Account and Balance Sheet
- Learning about the tools that are used by the external market to judge organisations
- Distinguishing between profit and cash
- Familiarising yourself with how organisations identify the drivers of their financial performance
- Learning about the key techniques within management accounting, specifically costing, cash flow and budgeting, and how they are used to forecast performance and support decision-making
- Describing the key elements of a business case and understand the methods of financial justification