A Two Day Workshop designed to remove the mystery from the world of finance

Workshop Summary
Few management decisions can be made in isolation from financial considerations these days. Managers and Executives must have a fundamental appreciation of finance in order to contribute more effectively to the profitability of their department and their organisation. This Workshop gives participants an understanding of the fundamentals of how money works in business and how their endeavours can have an influence on company results. Case study work and practical exercises form an important part of this programme, reinforced by tutor-led discussions.

Who Should Attend
This Workshop will be of benefit to non-financial managers from a broad range of disciplines.

Benefits to You and Your Organisation
By the end of the Workshop, participants will be able to:

• Read, analyse and interpret key financial information
• Understand the difference between revenue and capital expenditure
• Understand how profit is achieved and what happens to it
• Use the practical tools of measurement in operational and financial performance
• Optimise the use of working capital
• Understand the importance of maximising cash flow
• Participate confidently in the budgeting process
• Use appropriate financial information to get results

Workshop Contents

• The Nature and Purpose of Accounting
• Understanding the Basics: Structure of the Trading; Profit and Loss Account; Balance Sheets
• Interpreting Financial Information and using it as a Management Tool
• Differentiation between Capital and Revenue Expenditure
• Using Ratios to learn powerful facts
• Capital Gearing
• Flow of funds; Statements
• Understanding Working Capital: why too much is bad for you and too little may be disastrous
• Cash Flow Forecasting
• Understanding Budgets
• Direct and Indirect Costs
• Calculating Break-Even
• Absorption and Marginal Costing / Pricing
• Ways of improving business profitability

Please note the above Workshop requires minimum attendance numbers