Duration

One day public open course – or run for your own in-house group

Suitable for

Managers and business professionals without a formal accounting or finance background who want a grounding in basic financial documents and who need to know how to use this knowledge to manage day-to-day business activity and be more effective in their managerial role.

Location

Instruction Method

AAT Essentials: Budgeting – understanding the importance of budgeting and how to use it for business performance OR maybe Excel Level 1, 2 or 3.

Objectives

By the end of the course you will have gained:

• An understanding of the key financial documents used in business
• The knowledge to interpret information from income statements and statements of financial position
• The ability to use financial information and analysis to make business decisions
• An understanding of cash control
• How to use budgets to manage business activity
• Confidence with a wider range of financial terminology

Programme

1. Setting the context

• What we will cover
• Your objectives and priorities for the day

2. Understanding the Income Statement Account and Statement of Financial Position

• 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

3. Using information from the income statement account and statement of financial position

• How to interpret information from an income statement account and statement of financial position
• Ratio analysis
• How to interpret using ratio analysis
• How to use selected ratios to interpret information in financial statements
• The limitations of ratio analysis

4. Controlling Cash

• Why cash doesn’t equal profit
• What you can do to ensure there’s sufficient cash within the business

5. Using budgets to manage business activity

• How budgets help with day-to-day business management
• How to interpret information in a budget

6. Summary and Recap

Gain an AAT Essentials certificate

Duration (in days)