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Professional Training

Finance for Non Finance: Two Day Public Course

Wealthvox Limited, In London
Length
2 days
Length
2 days
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Course description

Finance for Non-finance: two day open workshop

A comprehensive 2 day introduction to accounting and financial statements, with a unique and effective visual approach to accounting

Designed as a finance for non-financial managers course, everyone from seasoned executives, to entrepreneurs and students, will develop a real financial literacy in just one day.

By understanding the fundamentals of accounting, you will:

  • Be able to interpret and analyse financial statements more powerfully, resulting in a deeper understanding of business.
  • Be empowered to engage in financial discussions with much more confidence.
  • Be able to make better financial judgements and business decisions.

The objectives of the course include:

  • Build a deep understanding of how business works
  • Understand why accounting matters for you and your business
  • Develop your business acumen and commercial awareness based on a robust understanding of financial information
  • Understand the mechanics of how accounting works
  • Understand the structure of financial information
  • Build your fluency in the language of finance
  • Be able to read and analyse financial reports robustly
  • Increase your confidence in discussing financial matters with clients, colleagues or accountants
  • Improve your ability to think commercially and understand how transactions impact both profits and cash

Training Course Content

Topics covered on Day 1:

  • Purpose of Accounting
  • Balance Sheet : Assets, Liabilities and Equity
  • Income Statement : Income and Expenses
  • How double entry accounting works
  • How the Income Statement links to the Balance Sheet
  • Why income and cash are two different concepts in Accounting
  • Receivables, Payables, Accruals, Prepayments, Depreciation
  • Practice accounting with "The Board", our interactive business simulation
  • Understanding a business narrative

Topics covered on Day 2:

  • Deep practice of reading and analysing Financial Statements
  • Calculating key financial metrics for profitability and liquidity
  • Understanding broader business metrics and financial ratios
  • Prepare financial statements (Balance Sheet, P&L and cash flow)
  • Understand EBIT and EBITDA, why they are used and why they are dangerous
  • Budgeting exercise to embed learning

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