Understanding Business Finance

Delegates will be able to understand the accounting framework and the jargon, which surrounds many transactions, use financial tools as a means of monitoring performance and ensuring that budgets are met. Delegates will also be able to read and comprehend balance sheets, profit and loss statements and annual reports and appreciate the importance of reducing unnecessary costs and working towards increased profitability.

Course Outline

• The nature of accounting
• Introduction to key financial statements
• Interpreting financial information
• Budgeting
• Costs
• Working capital
• Common financial pitfalls
• Ways of improving business profitability