Getting to Grips with Finance
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These days, anyone moving up the company ladder has got to have an understanding of finance and budgets. This practical course gives non-financial people the tools to understand and interpret the companys final accounts and budgets and actually have fun doing it! Delegates receive a practical grounding in how the final accounts of a business are put together and how to make sense of them. Also an understanding of the basics of budgeting cash flow and break-even analysis.
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Course Objectives
By the end of the course, delegates will be able to:
Interpret the Profit and Loss Account and Balance Sheet
Compare meaningfully the financial reports of one business with another
Understand the basic principles and terminology of accounting statements
Recognise the vital importance of cash flow for a business
Compile cash flow forecasts
Understand how a budgetary control system works
Interpret and act upon budgetary information
Distinguish between fixed and variable costs
Recognise the importance of knowing the break-even point for a project
