Understanding business finance

- Understanding accounting terminology
Fixed/non-current assets, gearing, accruals, working capital, depreciation, amortisation:
What do these terms (and others like them) actually mean?

- Appreciating the reasons for and uses of the profit and loss account/income statement, the balance sheet and the cash flow statement/forecast
The content of each statement; what they reveal to managers and what they might fail to reveal

- The elements of cost and using costs for decision making Direct costs, indirect costs, overhead recovery, breakeven analysis

- Preparing and using budgets for planning and control purposes Planning and controlling costs and revenues to improve business performance. Effective budgeting techniques