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Financial competence is critical for business success. This course covers an introduction to the basic concepts of finance, and will help you understand how to read and use financial data to make better informed decisions for your organisation.Designed for
Business owners, managers or anyone who plans, manages, or reports on financial data and wants a broader understanding of business finance.
Learning outcomes
-Understand the terminology
-Gain an insight into accounting concepts
-Understand why planning is key to financial management
-Understand the budgeting and forecasting process
-Gain an understanding of revenue and expenditure, assets and liabilities; and capital
-Understand the fundamentals of capital expenditure and depreciation
-Learn the importance of cash management
-Learn tools to evaluate financial performance
-Understand how to read, analyse and interpret financial statements
Learning content
-Financial terminology
-Fundamentals of planning, budgeting and forecasting
-Types of expenses
-Accrual vs. cash accounting
-Developing a Profit and Loss Statement
-Capital expenditure and depreciation
-Developing a Balance Sheet
-Cash management
-Reading financial information to monitor and report performance
Financial tools (including ratios) to analyse and interpret financial data.
This course is very practical. Participants will be shown the various processes, tools and techniques and then apply them in individual or small group exercises.
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Event Venue & Nearby Stays
25 Don Street, Invercargill, New Zealand 9810, New Zealand
Tickets
