Overview
Managing a budget and understanding finance are fundamentals you can't ignore in business. But if you've no experience of accounting or economics it can be difficult to make sense of them fast. Mid to upper-level managers from areas such as marketing, sales, I.T., project management, manufacturing or engineering, as well as general managers who have been promoted through this route, discover how financial data are generated, reported and used for decision making, analysis and valuation.
When working with partners, suppliers or investors, the project/product/purchasing managers need to be able to speak the financial language in order to communicate the financial risks that an opportunity may present. Also when dealing with cost reduction projects that should be delivering contribution to the bottom line, it is important to understand key financial statement to ensure that the target benefits are actually achieve in the P&L.
Our Course
This course has been designed to fill the finance knowledge gaps of non-financial managers. You begin by looking at the different types of financial information and how businesses are financed, focusing on the role of Accountant. The second module gives you skills to understand balance sheets, profit and loss accounts, and cash flow forecasts so that you can interpret the information they provide and manage working capital. The final module looks at the main techniques used to evaluate investment proposals and how to interpret them, along with the non-financial factors that can have a bearing on your decisions.