In many organisations today, operational managers have been made
more financially responsible for their areas, and therefore need to
get more involved with a wide range of financial information.
This 2 day course aims to demystify the financial function and
explain the different elements of accounting reports in a clear,
practical and understandable manner
Key areas that will be covered in this intensive
course include:
- Comprehensive Introduction to Financial Terms, Accounting
Methods and the Jargon and Language of Accounting
- Understanding Balance Sheets, Income and other Financial
Statements and learning to draw conclusions, identify trends and
highlight problems
- Becoming familiar with the make up of Costs and Costings,
allowing a better level of control over them
- Analysing the effect of Pricing on Profitability and looking
into the effects of Pricing Strategies
- Reading and understanding Cashflow Statements, and the
importance of Working Capital on the success of a business
- Discovering how to Prepare, Manage and Monitor Accurate Budgets
and Forecasts
- Using your increased Financial knowledge to improve the quality
of your business decisions
Everyone working in business within South Africa has a common
goal: to minimise costs, and maximise profits for the company. To
this end, accountants produce regular statements and reports for
managers to use. In many organisations these days, however,
operational managers are being made financially responsible for
their own departments and areas. This means that non-financial
managers now have to interact effectively with the company
accountants, and make sound financially based business decisions
within their area of responsibility.
This highly intensive 2-day course, "Working with Finance,
Accounts and Budgets",has been developed by CBM Training with the
aim of providing non-financial managers with the basics of finance
necessary to function optimally within an increasingly financial
environment.
By understanding the financial language of accounts, delegates
will be able to grasp what financial information Balance Sheets and
Income Statements really reflect, how to spot potential problems
quickly by analysing Cash Flow and how to gain a firmer control
over your costs. The course will also provide an overview of what
accountants do, and how to read and understand all the reports that
they generate.
During this intensive 2 day course, delegates
will:
- Understand how important financial information is to all areas
of the organisation
- Using Income statements and Balance Sheets to accurately plan
and project profit and identify areas for improvement
- Investigate the effects different costs have on business
profitability and using this knowledge to exercise greater control
over them
- Analyse Cashflow statements and understand why accurate
Cashflow forecasting is so vital to any business, department or
division
- Look at the various pricing strategies, and discover the
surprising effects discounting can have on the figures!
- Study methods of preparing, monitoring and controlling
budgets
Finance, accounts and budgeting can be a major headache
for any manager. This course includes many practical sessions and
exercises where delegates will be guided through the analysis of
accounts and statements to ensure that the skills learned can be
readily applied. Delegate numbers are strictly limited to maximise
interaction and learning.
Each delegate will need to bring
his/her calculator.
Delegates will also receive a Free Financial Analysis Software
package to take away from the course.