Duration

A programme of 2 x 90 minute and 1 x 120 minute modules, to be taken consecutively.

Suitable for

Managers and business professionals without a formal accounting or finance background who need a good grasp of financial information and documents to be totally effective in their management role. This will equip you with the financial knowledge to help you manage day-to-day business activity as well as enabling you to communicate/discuss financial matters credibly with colleagues and clients so that you and they become more financially effective.

Instruction Method

You may be interested in continuing your personal development with:

• AAT Essentials: Budgeting
• Ms Excel, Level 1, 2 or 3
• Managing People Effectively, Level 1 & 2

Objectives

By the end of the course you will have gained:

• An understanding of some key financial documents used in business, when and why they are used
• The knowledge to interpret information from income statements and statements of financial position
• The ability to interpret and use financial information and analysis to make good business decisions
• An understanding of cash control and it’s importance
• The know how on basic budgets and how to use them to manage business activity
• Credibility and confidence in using a wider range of financial terminology and techniques

Programme

Session 1 - 90 mins

Setting the context

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

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

Session 2 - 90 mins

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

Session 3 -120 Minutes

Controlling Cash

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

Using budgets to manage business activity

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

Summary of Learning & Recap on Your Future Action

Q & A Session

Duration (in days)