Financial information provides an essential basis for all business managers to undertake their roles effectively and confidently. Financial information originates from the organization’s accounting system, and represents a comprehensive view of events that have already occurred, but it also provides an ideal database for forecasting future events, for preparing budgets, for setting targets, and maintaining control of operations. It can also be used to measure comparative performance and profitability. This training course is designed to provide managers with the skills to understand, interpret, and utilize financial information, and to apply this in planning, controlling, and making decisions which are informed, logical, and which add value to their organization.
What are the goals?
By attending this Coventry Academy training course, you should achieve these goals:
Understanding How Financial Statements are Prepared, and What They Mean
How to Analyse and Interpret Annual Financial Statements
How Cost Analysis Helps us With Control, Resource Allocation, and Pricing
Appreciation of the Importance of Budgets, and How They are Prepared
Awareness of How Our Company is Financed, and What is the Annual Cost
The Ability to Use a Variety of Techniques to Evaluate New Investment Proposals
How to Recognize and Manage Financial Risks, Using a Range of Techniques
Who is this training course for?
This Coventry Academy training course is designed for those non-financial staff who wish to gain a better understanding of how finance supports all of the operations and activities of their business. For example this would include Managers and Supervisors in:
Sales and Marketing
Logistics and Supply
Human Resource
Production and Engineering
Risk Management and Internal Audit
Course Outline
Day One: The Nature and Purpose of Accounting and Finance
Why is accounting and finance necessary?
The role and structure of the Finance Function
Basic principles of financial accounting
Teamwork Exercise: Recording business transactions
Teamwork Exercise: Applying financial judgement in accounting reporting