Introduction
There is a requirement for managers to have a better understanding of the financial implications of managing budgets and financial decisions. This course is designed to meet the needs of managers whose requirement is concerned with mastering the basics to apply in everyday business management.

Typical Objectives:

	Enabling you to demystify accounting terms, and interpret key financial information.
	Helping delegates to utilise ‘management information’ and identify the main sources of financial information that will be useful.
	Raising understanding of the structure of financial statements and reports.
	Knowing the difference and impacts of cash flow, revenue, contribution and capital budgets
	Learning how to prepare and present a financial argument for forecasts/budgets, operating plans and projects.

Sample Programme
The overall purpose will be to understand how and why financial decisions are made. Delegates also need to appreciate that all decisions cost or save money; and how to explain their own decisions in fiscal terms. For example, demonstrating the return on investment when requesting a budget for additional expenditure.

Outline

	Welcome and introduction
	Basic Principles: How money moves organisations
	Financial Accounts: The Profit & Loss, Balance Sheet and Cash Flow
	Analysing Data: Measuring business performance and financial ratios
	Forecasts & Budgets: Attaining realistic estimates of future costs and cash balances
	Applying the Knowledge: Case studies and project

Activities to consider:

	Diploma in Business Competence
	Management Development with Bite
	Supplier Management

Satisfaction
Rating
2007

Download our paper
Return on Investment