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About the course
From local charities to FTSE 100 companies, every manager needs to speak the language of finance. Without financial awareness, individuals are limiting the role they can play in attaining their organisation’s objectives.
To operate effectively in a management position within any organisation it is necessary to be confident in using the language of finance and to be comfortable in using financial information. But the jargon associated with finance can be intimidating to the non-specialist.
This course has been designed to give participants the confidence they need to play their role to the full.
Participants will acquire the knowledge and skills to:
- Confidently use the concepts and language of finance in day- to- day work place discussions
- Read financial reports – including Balance Sheets (Statement of Financial Position) and Profit and Loss Accounts (Income Statement)
- Understand the differing objectives of financial and management accounting – including cash flow forecasts
- Understand the role and importance of budgeting
- Participants will be encouraged to bring their organisations accounts to the course. They will be encouraged to refer to these throughout the course.
Registration & Refreshments
The Role of Finance – cash and profit the main statutory Financial Statements - Balance Sheet (Statement of Financial Position) and Profit and Loss Account (Income Statement)
Financial Terminology – accounts case study – key financial ratios
Lunch and Networking Break
Management Accounting v Financial Accounting
Budgeting and forecasting, measuring performance
Cost behaviour, costing and pricing
Summary & Questions
- Understand the role they play in their organisations finances
- Understand the uses and limitations of financial information
- Be comfortable in questioning financial information
- Be equipped to play an active role in financial discussions
Trust the experts
Alison is a Chartered Management Accountant, holds a first class honours degree in Economics and the Institute of Directors Diploma in Company Direction. She has held a variety of accounting posts in both the public and private sector as well as senior university appointments. She currently o...