This workshop is intended for all managers in an organisation making business decisions with financial implications and needing to understand and interpret financial information.
Knowledge of all essential aspects of finance allows managers to understand and initiate opportunities to increase return on investment within their competencies, regardless of which department they come from.
Learning outcomes:
- Acquiring knowledge of the basic concepts of the content of financial statements
- Understanding different financial techniques, with special reference to the main financial indicators (profitability, liquidity and business activities)
After this training participants be able to:
- Understand the basic concepts of accounting, financial and management accounting
- Understand the basic concepts of double bookkeeping
- Understand the basic concepts of the accounting basis
- Understand the relationship between major financial statements (SOFP, SOCI & CF)
- Read and analyse financial statements
- Understand the purpose of financial analysis
- Prepare a minimum set of financial indicators needed by top management to solve business problems and make financial decisions
- Understand the financial implications of decisions and economic business drivers and the ability to discuss financial issues with colleagues
- Explore inputs and outputs in financial statements and discover how figures relate not just to the company’s operating result in the reporting period, but also to current corporate goals
Price
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