Profile
This course gives participants a general understanding of a business environment where individuals have to manage budgets or costs or to take responsibility for revenue or expenditure. The workshop introduces non-financial managers to the world of finance, enabling them to understand their organisationï¿1⁄2s financial issues and how their decisions affect their organisationï¿1⁄2s financial performance.
Participants will be provided with basic financial management skills and knowledge as well as understanding of key financial and accounting jargons and technicalities.
What You'll Learn
Understanding financial jargon used by accountants
Grasping of key accounting principles and concepts that govern the preparation of financial statements
Understanding the importance of cash flow and the significance of the difference between profits and cash
Explaining the managerï¿1⁄2s role in preparing and monitoring budgets
Performing and interpreting the results of ratios analysis to assess the performance of a business in the key areas of profitability, liquidity, working capital management, gearing and investor returns
Making of business decisions that impact the financial health of the organisation