This course will ensure that they fully understand both the reports and what these are saying about their divisions underlying financial performance.
Objectives of the Presentation
To familiarize participants with the main aspects of accounting and financial management, such as principles of financial statements and budget formation, cash flows and income management
To demonstrate to participants how financial information is analyzed, how it is vital for making management decisions
To train participants to effectively work with a company´s financial statements
To exercise practical skills for forming budgets
Why Should you Attend
The modern manager needs to understand the financial implications of their day to day decisions and the impact they have on the business. It is also important that managers have a solid grasp of basic financial awareness in order to agree and manage budgets effectively and appreciate core finance principles.
This training program is aimed at any manager who would like to be more financially aware and will help participants understand financial concepts and the terminology used. They will learn how to translate financial reports, write and understand budgets and use the information to help improve their success as a manager. If you´re looking to grow your career and take on greater responsibility within your organization, you´ll need to demonstrate a basic understanding of financial management—even if you´re not in a financial role.
Comprehensive introduction to financial terms, accounting methods and the jargon and language of accounting
Understanding balance sheets, income and other financial statements and learning to draw conclusions, identify trends and highlight problems
Becoming familiar with the make-up of costs and costing, allowing a better level of control over them
Analyzing the effect of pricing on profitability and looking into the effects of pricing strategies
Reading and understanding cash flow statements, and the importance of working capital on the success of a business
Discovering how to prepare, manage and monitor accurate budgets and forecasts
Using your increased financial knowledge to improve the quality of your business decisions
Who will Benefit
Managers, Department managers, Regional Managers, Divisional Managers, HR Managers, Department Heads, Marketing Managers, IT Staff, Production Managers, Administration Managers, Engineers, Operations Managers, Senior Sales Managers, Procurement / Contracts Managers, Project Managers, Factory Managers, Purchasing Staff, Supervisors, Team Leaders, Credit Controllers, Employees, Administrative personnel, employees of sales, marketing and IT departments, with no special education in finance and accounting, Anyone new to accounting, budget, forecasting or strategic planning, Anyone who wishes to increase or refresh their knowledge of these areas