Fundamentals of Business Finance What the Numbers Really Tell You
Whatever your function, as a manager you will be expected to ‘talk numbers’. If you switch off as soon as your Department Head starts talking about overheads and EBITDA - before they even get to goodwill amortisation - quite frankly you’re unlikely to progress much further in your management career! Fortunately, to become confident with the principles of business finance does not require you to have a degree in accountancy, or even be especially numerate.
This course will help you cut through the jargon and get to grips with what a set of management accounts really represents: your business. Using examples from your own organisation and others, we will give you the confidence to use and interpret your organisation’s financial data (including the annual report) to make sound decisions and spot business opportunities to improve profits. It will also significantly improve your ability to communicate successfully with senior management and your Finance team.
By the end of this course you will:
- Understand the role of finance in ‘doing better business’
- Understand the purpose of, and be able to interpret, the:
- Balance Sheet
- Profit & Loss Account
- Cash Flow Statement
- Be clear about the difference between profit and cash
- Understand how key financial performance measures are derived – and why
- Become confident with financial jargon
- Appreciate the concept of ‘shareholder value’ and how it affects your team