Every part of day-to-day business life has a financial implication and for employees to be successful it is vitalthat they understand the financial effects of their roles their actions or their lack of action. This programme will give you an understanding of the importance of finance in business by examining:The recording of financial dataThe presentation of financial data both internally and externallyThe use of financial data to understand and manage the businessThe purpose and implementation of the planning and budgeting process
Who should take this course
If you have responsibility within your organisation for profit control of cost or capital investment or are responsible for any element of financial control within your organisation this programme will be highly relevant to you.
Day 1 - Financial fundamentals:
- Accounting is an information system
- Where do we get the information from?
- Who uses the information?
Day 2 - Using financial information to tell a story about the business:
- The importance of profit - the Profit and Loss Account
- The importance of cash the Cash Flow Statement Why profit and cash are not the same
- The Balance Sheet what is it designed to tell us?
Day 3 - Using financial information to manage the business part 1:
- Working Capital Management
- Financial Analysis and Interpretation
Day 4 - Using financial information to manage the business part 2:
- Product Costs Breakeven analysis
Day 5 - Planning and Forecasting:
- Constructing a budget
- Beyond budgeting
- Capital budgeting
About Course Provider
London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.
London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.