Targeted AudienceUnderstanding different types of Financial Information
- Who uses financial information and why?
- The flow of information in a company
- Distinguishing different types of information and what it is derived from
- Basic accounting terminology explained
- Reporting formats
The Cash Cycle
- Cash versus profit
- The flow of money in and out of a company
- How this is managed and controlled
- Customers & Suppliers: The collection and payment processes
- Where finance comes from
- Basic cash flow statements
Inventory and Fixed Assets
- How we establish the value of a companies’ inventory
- Different methods of valuation
- How fixed assets are recorded
- Asset lives and depreciation
- The physical verification of assets
Financial Statements
- Understanding the composition of the Profit and Loss Account
- Computing profitability ratios
- The Balance Sheet explained
- Using financial ratios
- Interpreting results and making comparisons between companies
Costing and Budgeting
- How we classify costs and set standards
- Different costing methods used in business
- Basic forecasting techniques
- Preparing a departmental budget
- Comparing actual performance with the budget