Description
This course is for anyone needing a basic understanding of business finance and insights into operational decision-making. It will:
- Show operrational staff the financial consequences of their activities.
- Demonstrate the combination of KPIs and regular management information is vital to an organization’s operational success.
- Explain how the finance function contributes to the effective use of resources.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
What you will learn
Importance of Financial Management
- The elements of financial management
- Key accounting terms and terminology
- How cash and profit differ
- The two main financial reporting statements: the income statement and the balance sheet
Measuring Financial Success
- Measuring management success
- Measuring risk and return
- The importance of cash flow and working capital
- Budgeting and budgetary control
Managing Financial Resources
- The importance of cost behaviour
- Cost management
- Opex and Capex
- Break-even analysis
Communicating with your Accounting Colleagues
- Defining your need for financial information
- Making communication and feedback systemic and systematic
- The use of two way coaching to improve mutual understanding
Course Review
- Summary and recap of key learning objectives
- Action Planning
0203 1266 755
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