The course covers both the key financial principles and crucially enables delegates to understand and build each financial tool via fully supported practical sessions within a safe environment. It provides practical insights and gives non specialists a swift appreciation of the fundamentals of finance and accounting, leading to better retention of the knowledge gained. Upon completion of this course, you will have gained general financial knowledge and an in-depth understanding of the impact of your decisions outside your functional area. This class will be interactive and will require the active involvement of the participants in finance related activities.
What You Will Learn
At the end of the workshop participants should be able to: ·
- Plan more effectively as to take the financial impact of your decisions into consideration ·
- identify what causes and drives costs ·
- gain insight into working capital management ·
- understand and build effective costings ·
- understand and interpret: balance sheet, profit & loss, cash flow statement ·
- understand the implications of finance on various corporate activities
- understand and analyze financial statements ·
- be in a better position to discuss relevant financial issues with finance managers/stakeholders in their organisation ·
- understand the impact of various decisions on a company’s performance ·
- get practical insights and gain swift appreciation of the fundamentals of finance and accounting.
Key Topics
- Key Financial Concepts And Principles
- Managing The Finances & Costs Of Projects
- Reading Financial Statements
- The Profit & Loss (P&L) Statement
- The Balance Sheet
- Cash Flow Forecasts
- Building Effective Budgets
- Building Effective Costings
