Improve your commercial awareness
& understanding of finance
Managers often fall behind when it comes to finance. More often than not this is due to a lack of understanding, jargon, fear of finance and figures, and an inability to see the importance of a financial strategy and how it will impact on their behaviour and decision making.
Likewise, managers who are comfortable and competent in understanding and managing the financial aspects of their day-to-day business benefit from improved business skills and performance, internal respect from colleagues and senior management, enhanced external relations, better cash flow management and ultimately improved career prospects.
For those with little or no formal training in finance, this highly interactive three -day programme concentrates on the principles, tools and techniques of financial management. Supported by analysis and practical exercises this course will give you the understanding and ability to discuss, present and manage the financial aspects of your business and positively influence the financial factors under your control.
Who Will Benefit From The Course?
Managers wishing to gain a clearer understanding of the fundamentals of business finance and how finance impacts on the decisions they make on a day-to-day basis either at a departmental or company-wide level.
With The Help Of This Course Delegates Will Be Able To:
- Understand the basic principles and terminology of finance and interpreting key financial information
- Communicate and present your financial position and budgets more credibly to your colleagues and board
- Differentiate turnover, profit and cash and understanding the methodologies and language of the finance function
- Read and understand annual reports and company accounts
- Calculate profitability, liquidity and management of working capital
- Understand shareholder value and the stock market
- Evaluate projects from a financial perspective
Key areas to be covered in the programme and the accompanying documentation
The Need for Financial Information
- Why do we need financial information?
- What are the differences between management accounts and statutory accounts?
- Understanding the language of finance, company accounts and annual reports
The Importance of Return on Capital Employed
- Why ROCE is so important
- How to affect ROCE
- What are the main accounting principles?
- Why and how are they important?
Profit and Loss Account
- The structure of the P & L account
- The difference between expenditure and capital expense
Balance Sheets and Interpretation
- Content and layout of balance sheets
- Working Capital
- Interpretation: Fact vs. Judgement
Depreciation of Fixed Assets
- Why fixed assets are depreciated
- The different types of depreciation
- The difference between profit and cash
- Cash flow forecasting
- Cash flow statements
Business Health Check
- Why carry out a business health check?
- Taking a structured approach to carrying out a business health check
Marginal Performance Improvement
- The importance of marginal performance improvements
- The link between cost of sales, selling price, volume and expenses
Cost, Volume, Price and Breakeven
- How to calculate breakeven
- How to determine a selling price
Debt and Equity
- How to calculate the debt to equity ratio
- Getting the balance right
Capital Project Appraisal
- Why capital projects should be appraised
- Different appraisal methods
- How can growth be funded
- What type of funding should be used
Managing Key Financial Ratios
- Short Term Indicators
- Long term Indicators
- Overall Business Performance Indicators
- The indicators used in corporate valuation
Interpreting Company Accounts
- Analysing several sets of accounts
- What are the accounts telling you?
- What actions need to be taken?
Get In Touch!
If you have got some training requirements in mind please call us on 0333 320 2883 or complete the online form below and tell us about what they are and we’ll get back to you with some options and costs.