Financial Fundamentals Course

Course Financial Fundamentals
Delivery e-Learning
Duration 9 - 11 hours
Languages GB, US, Fr, Es, De, It, NL, CN

Financial Fundamentals is suitable for managers and business professionals in any company, and provides the basic introduction necessary to understanding finance in business. It explains clearly and concisely the principles underlying the recording of financial data. In addition the financial statements are analysed to provide basic costing information, vital to many managerial decisions.

Audience

This course suits Non-Finance Managers and Prospective managers.

Course Modules

Introduction to Financial Statements - 1.5 - 2 Hours

Understand the purpose and nature of the three key financial statements, Profit and Loss Account, Balance Sheet and Cash Flow and the accounting principles on which they are based. Understand how they reflect individual business transactions and their role in controlling and measuring business performance.

Profit and Loss Account - 1.5 Hours

Understand the structure and elements of a Profit and Loss Account. Learn how to differentiate between the different costs, expenses and other deductions affecting the overall profit of a business and specific operating decisions. Be able to construct a Profit and Loss Account with your own figures.

Balance Sheet - 2 - 2.5 Hours

Understand the nature of a balance sheet and what it tells you about the financial makeup of a business. Learn the meaning of the classification of assets and liabilities and the concept of working capital. Be able to format the balance sheet to analyse performance and improve decisions.

Cash Flow - 2 - 2.5 Hours

Understand the vital importance of managing cash in a business and how cash differs from profit. Learn to differentiate between the sources of cash and focus on operating decisions that improve cash flow. Be able to calculate cash flow from your company’s financial statements.

Costing Decisions - 2 - 2.5 Hours

Understand the meaning of fixed vs. variable costs and the calculation of contribution margin and break even analysis. Be able to use these analytic concepts in support of product selection, production and pricing decisions.

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