Course description
Understanding Finance The basic essentials for Managers
Managers and business professionals without a formal accounting or finance background who want a grounding in basic financial documents and who need to know how to use this knowledge to manage day-to-day business activity and be more effective in their managerial role.
Upcoming start dates
Outcome / Qualification etc.
By the end of the course you will have gained:
- An understanding of the key financial documents used in business
- The knowledge to interpret information from income statements and statements of financial position
- The ability to use financial information and analysis to make business decisions
- An understanding of cash control
- How to use budgets to manage business activity
- Confidence with a wider range of financial terminology
Training Course Content
1. Setting the context
- What we will cover
- Your objectives and priorities for the day
2. Understanding the Income Statement Account and Statement of Financial Position
- What is included in a statement of financial position
- What is included in an income statement account
- The differences between the above two financial statements
3. Using information from the income statement account and statement of financial position
- How to interpret information from an income statement account and statement of financial position
- Ratio analysis
- How to interpret using ratio analysis
- How to use selected ratios to interpret information in financial statements
- The limitations of ratio analysis
4. Controlling Cash
- Why cash doesn’t equal profit
- What you can do to ensure there' sufficient cash within the business
5. Using budgets to manage business activity
- How budgets help with day-to-day business management
- How to interpret information in a budget
6. Summary and Recap
Why choose GBC Learning & Development
Established in 1994 and still learning!
Trusted by 400 world-wide
Save! Bring a Buddy Half Price
Customer Outreach Award
We believe that it should be easy for you to find and compare training courses.
Our Customer Outreach Award is presented to trusted providers who are excellent at responding to enquiries, making your search quicker, more efficient and easier, too.
Expenses
Course Price: £360 + VAT
Request info
GBC Learning & Development – Invest for High Performing People
Practical yet inspiring topics, comprehensive content, and passionate trainers. Tap into the expertise of our trainers who have a wealth of experience in business, coupled with an understanding of how people learn and put their learning into practice in the...