Overview
Everything you need to know about business finance for the non-specialist – this course has been devised for anyone who requires practical knowledge of business finance but does not have a financial background.
Objectives
- To read, understand and interpret financial information
- To remove the myths and fears that surround finance
- To understand the financial implications of your plans and decisions
- To understand operating budgets, cash flow, profit and balance sheets
Content
- Business income and expenditure – the terminology
- Direct and indirect costs
- Fixed and variable costs
- Predicting profit
- The financial position of a company
- Assets
- Liabilities
- Capital
- How successful is the business?
- The balance sheet
- Fixed/current assets
- How to interpret information
- Profit and Loss
- The legal requirements
- The Companies Act
- Accounting – standards/concepts/policies
- Analysing company statements
- Forecasting
- Short and long term
- Budgeting control and forecasting
- Cash flow forecasting
- Credit Management
- Overview of sales
- Purchase and Nominal Ledger
- Accounting systems of a business
Have a question?
Let’s get this conversation started. Tell us a bit about your requirements and we’ll be in touch.
What you need to bring for these courses when delivered as a virtual classroom.
For virtual classroom courses, you will need:
- Computer with Internet Access
- Microphone and Headset
- Webcam
- Microsoft Teams
- A dual monitor setup is recommended for IT training