Finance. Boost your financial know-how.

This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. It is suitable for those who require financial management skills and knowledge as part of their role (non-financial managers).

This course provides an introduction to the concepts underlying external financial accounting and internal management accounting. You will be introduced to the skills necessary to prepare, interpret and analyse financial statements, including balance sheet, profit and loss statements. You will gain an insight into how your business decisions impact the financial reports of your company.

We will also cover budgeting, costing and key performance indicators, and clarify the often misunderstood area of accrual accounting.

Aims

This course will enable you to:

• utilise key financial terms and concepts
• analyse the 3 key financial statements – Profit & Loss, Balance Sheet and Cash Flow Statement
• forecast and prepare budgets
• calculate financial ratios for evaluating the health of the organisation
• calculate variances and recommend corrective action for achieving a budget.

Outcomes

By the end of this course, you should be able to:

• recognise why accrual accounting is commonly used in business
• appreciate the rationale for depreciation and amortisation of assets
• interpret a Profit and Loss Statement, Balanc