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Understanding Finance

Introduction:

Can you read a balance sheet or profit & loss statement? Can you assess whether a potential customer has credit worthiness? In the UK there is a remarkably casual attitude to financial education that is sometimes seen as naïve. This workshop goes some way towards addressing these important issues. It will give you an introduction to essential financial and accounting concepts. It will explain the conventions, the terminology, and the procedures; and will help you to assess the financial strength of potential customers and see how your own activities affect the company's performance.

Aim:

This workshop is designed to enable participants to understand and communicate financial concepts and terminology.

Method:

Experiential Learning:

  • Interpretation of Balance Sheets
  • Group exercises on budgetary management
  • Reading cash flow statements
  • Tutorial input

Contents:

  • Introduction to the principles of accounts
  • Overview of statutory and management accounts
  • Profit and loss, income and expenditure account; the balance sheet
  • The importance of cash flow to the survival of the business
  • Methods of calculating depreciation and its effect on profit/surplus
  • Capital allowances for taxation purposes
  • Capital allowances for taxation purposes
  • Accounts analysis: the use of ratios
  • Working capital
  • Investment appraisal: return on capital; payback; discounted cash flow projects
  • Finance as a management tool: sharing the interpretation of financial information

Outcomes:

By the end of the course delegates will

  • Gain an understanding of financial information
  • Receive quality structured feedback from colleagues and tutor
  • Understand the basic principles and terminology when talking about finance
  • Understand the basic principles and terminology in talking about finance 

Target Audience:

People in a position to influence the company’s financial performance or needing to interpret information provided by accounts. Anyone in a company who is considered to have promotion potential. Unless people understand this element of the business, they’re hardly going to make it to senior management.

Course Duration:

2 days

Investment: £225 per delegate day

Booking:

Phone: 01286 660330
Fax: 01286 660921
E-mail: info @ teaminternational.co.uk

Enquire about the Understanding Finance course 


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