Back to Search Results

Training Course Summary:

Outline: It has become increasingly apparent that the financial responsibility of the board no longer rests only with the Finance Director. Increasingly all board members need to have an understanding, and the ability to interpret and use, financial accounts and forecasts. This two day course provides the vital knowledge of the financial terms and concepts needed by all directors in today's increasingly complex business environment.

Who should attend? Executives, non-executive directors, aspiring directors and director designates who feel the need to improve their understanding of financial matters in order to make a greater financial contribution to the financial well-being of their organisation.

Course Objectives:
By the end of this course delegates should have learnt:
To understand role and the terminology used by finance directors
How to take a more active role in board discussions revolving around finance or accountancy issues
The knowledge and skills in assessing the financial health of a business
How to understand and use accepted financial ratios
Project appraisal skills using discounted cash flow and payback methods of evaluation
How to interpret profit and loss accounts, balance sheets and cash flow statements.
The difference between Management Accounts and Statutory Accounts
Course Overview:
Management and statutory Accounts
How to put your ideas across in a manner and language that the Chief Executive and finance director will understand
Calculate and interpret financial data
The Profit and Loss Account
The Balance Sheet
Asset Management
Cash Flow forecast
Budgeting with Accuracy
Contribution
Break-even analysis
Assessment of financial health
Financial ratios
Financial terminology
Calculate and interpret key performance ratios