Practical Training for Professionals
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Business Friendly Finance - Half Day (am) - Overview
This course is aimed at non financial managers and others in positions where an understanding of finance will help them be more effective in their main role. It is designed to demystify financial jargon and introduce the key financial statements, how to interpret them and how to use them to obtain essential business information.
The course then moves to areas which are most likely to be used frequently by delegates: How to work out cost and profit, how to plan and measure budgets, how to establish true costs to maximise profit, and finally options for price setting in order to achieve company objectives.
The course aims to give delegates a practical knowledge of finance which will help them make more informed decision and be conversant with areas of financial theory which can be used in their daily activities.
CPD Value 3 Hours
Business Friendly Finance - Half Day (am) - Timetable
09:00 – 9:30 Coffee and Course Introduction
09:30 – 10:30 Finance In The Business Context
10:30 – 11:15 Reading and Understanding Financial Reports
11:15 – 11:20 Using Financial Data: Essential Business Ratios
11:20 - 11:35 Coffee break
11:35 – 11:55 Establishing Profit and Cost
11:55 - 12:15 Planning and Budgeting
12:15 - 12:45 Making a Profit, Working Out True Cost. Effective Pricing
12:45 Summary, Questions and Plans
Business Friendly Finance - Half Day (am) - Benefits
- A firm understanding of finance and how it can be used by managers in non – financial roles.
- Explanation of key financial statements and practice using the information they contain.
- Techniques for assessing true cost and developing profitable pricing strategies.
- Practical advice on using financial information for internal management and reporting
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