Most managerial roles involve the review of financial documents, analysis of financial performance and managing budgets. However, this can be challenging if you don’t have a background in finance. This course will help you to understand basic financial documents used in business. You will learn how to interpret the information in these documents, and use it to manage day-to-day business activity. This will enable you to be more effective in your management role.
Who is it for?
This course is ideal if you’re a manager looking for a basic grounding in key financial documents and processes.
You will receive a certificate of attendance at the end of the course.
This course is delivered over one day and runs for six hours
What will I learn?
- What is included in a statement of financial position
- What is included in an income statement account
- The differences between the above two financial statements
- How to interpret information from an income statement and statement of financial position
- Ratio analysis
- How to use selected ratios to interpret information in financial statements
- The limitations of ratio analysis
- Why cash doesn’t equal profit
- What you can do to ensure there’s sufficient cash within the business
- How budgets help with day-to-day business management
- How to interpret information in a budget
There is no formal assessment for this course