Finance Fundamentals for Growing Businesses
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Full disclaimer.Description
For managers in growing businesses who need some familiarity with finance, particularly for those who have had no formal financial training, this programme provides an introduction/refresher to the basic financial concepts that are required by every owner-manager.
This programme provides a user-friendly introduction to several fundamental financial concepts, which anyone who makes major business decisions really ought to understand.
What you will learn
- An understanding of the key drivers of business value and how to work with them
- Two basic principles for business success
- An understanding of the purpose and uses of business management information, including management accounts, cash flow, profit and loss statements and balance sheets
- An insight into how your management decisions will affect your company's financial decisions
- An understanding of how to use financial information to drive and measure business improvement
- An understanding of the mechanics of cost structures and pricing decisions with options for improvement.
Core content
- Elements of financial decision-making
- How business works - business cash-flow, step-by-step
- Cash flow management
- Working capital and overtrading
- How financial decisions affect the P&L and Balance Sheet
- Management information - choosing and using KPIs
- Using a few key ratios to analyse your own and/or competitor accounts
- Break-even and margin of safety
- Marginal costing, elasticity of demand and pricing decisions.
Who should attend
Owners and/or Managers in growing businesses who need a practical introduction to finance. Very useful for those who have had no formal financial training.
Experts
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Detailed Description