“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” - Douglas Adams
Finance is vital for managers in any organisation whatever its size. This course is suitable for managers with little or no financial knowledge – those who need to understand the financial implications of their day-to day decisions to increase the profitability and performance of their business.
What is covered on the day?
This workshop shows how to interpret key financial statements highlighting the questions and areas that matter. It identifies warning signals that managers need to be aware of and shows how to understand key performance indicators to drive profitability. Delegates will learn how to appraise financial information and truly understand their business to enable them to make important decisions relating to their future strategy.
Course Overview
- Profit and loss statement and the balance sheet explained
- Profit versus cash and key financial ratios
- The business cycle: understand how money flows in a business
- Cash flow management and your Bank account
- Break even analysis
- Cost control and reduction
- Monitoring Key Performance Areas
- Capital investment techniques
What will I get out of it?
- Ability to use and understand financial concepts
- Analytical skills to interpret financial results including the use of financial ratios
- Insight into preparing cost benefit analysis
- Ability to manage budgets more effectively
We deliver this training as an open course around the UK and can also deliver in house for an organisation on request.