Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. Nobody working in business can afford financial illiteracy.
The story of any company, no matter the size, the industry, or the country of origin, is told through its financial records and reports. Income, debt, revenue versus expenses, compensation, and cost of retaining customers can all be found on financial statements.
Even for non-financial managers, there comes a point you have to provide financial justification for what you're doing, and you have to make decisions based on numbers that come from other people. If you don't know what you're looking at, and you don't know the right questions to ask, your effectiveness is diminished.
This popular Coventry Academy online training course will introduce you to the language of finance and accounting, and help delegates understand the systems and procedures of accounting systems used by business enterprises.
What are the goals?
By the end of this Coventry Academy online training course, you will be able to:
Be Aware of How Financial Markets Can Support Efficient Business Operations
Read and Understand Annual Financial Reports, and Be Aware of How They Are Prepared
Understand How Business Accounting Systems Work
Identify and Appraise Wealth-Generating Investments
Apply a Range of Management Accounting Techniques to Maintain or Improve Profitability
Who is this training course for?
This Coventry Academy online training course is suitable to a wide range of professionals in all types of industries, who wish to better understand the practical benefits of accounting and finance for their business. It will be particularly useful for:
Financial and Business Advisors
Business Entrepreneurs
Members of the Operational Management Team
Those Who are Starting Their Careers in Finance and Accounting
Non-Executive Board Members on the Audit Committee
Course Outline
Amongst a wide range of valuable topics, the following will be prioritised:
How to Identify, Understand, and Record Transactions in the Accounting System
Applying Economic Principles and Professional Judgment
Analysis and Interpretation of the Financial Statements
Cost-Volume-Profit and Break-Even Analysis
Preparing and Using Budgets to Control All Aspects of our Business
An Overview of Financial and Money Markets
Choosing the Best Financing Products for Your Business
Foreign Currency Transactions and Managing Exchange Rate Risk
Identifying Investment Opportunities That Fit Your Corporate Strategy
Incorporating Risk Into the Investment Decision
The certificate
A Coventry Academy e-Certificate will be provided to delegates who attend and complete the online training course