Course Description

This course is delivered as a one-day intensive workshop, designed to introduce the participants to the key topics of finance.

Target Audience

It is for those who are from non-financial backgrounds who need to know more about finance within a business for their current job role or the next.

Course Content

It will help them to consider:

• Sources of Finance
• The basic accounting concepts and principles
• Documents used within a business
• Profit and Loss Statements: types of income, costs and different profit calculations etc.
• Cash Flow Statement: Forecast, actual, importance of controlling cash etc.
• Balance Sheets: Assets, Liabilities, Net Current Assets, Capital Employed etc.
• Management accounts how they are structured and used
• Use of budgets within a business
• Management of working capital and difficulties faced by operational managers if their business faces financial constraints due to lack of profitability or liquidity.
• The concepts of fixed/variable costs, breakeven analysis, gross margin/contribution/marginal cost, the cost/price/volume relationship and variation of profitability by product and by customer.
• Key Financial Indicators: Profitability, Liquidity etc.
• Evaluation of financial situations faced by typical managers
• Application of the knowledge within your own role

Additional Information

The course is delivered with tutor-input, exercises and case study material.