Programme outcomes |
After attending this programme you will be able to: |
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Develop an understanding of the uses and limitations of the key financial statements – profit and loss, balance sheet and cash flow statement |
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Identify and use key financial ratios which will be useful for analysing the performance of your business |
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Understand the pressures of capital markets and the implications for a business’s performance |
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Understand the fundamentals of costs and the implications for pricing decisions and interpretation of product profitability |
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Develop an appreciation of budgeting best practice and minimum requirements for effective management information |
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Apply investment appraisal techniques to aid long-term decision making in the business |
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Read and understand the financial press |
Programme content – 2 days |
Typical programme content will include: |
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Understanding the link between your organisation’s business, capital markets and the financial accounts |
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The key financial statements: profit and loss, balance sheet and cash flow statements |
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Interpretation of the accounts – key financial ratios and what they tell us |
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Budgeting best practice |
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Short term financial decisions: the nature of costs and different methods of setting a price |
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Long-run decisions: payback, accounting rate of return, net present value and internal rate of return |
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Application of tools to your particular business |
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Understanding the financial press |