Finance for Supervisors
A two day programme for supervisors and team leaders
DAY ONE
Introduction
- Who uses accounts
- The Business Cycle
- Accounting principles
Basic Financial Information
- The Profit & Loss Account
- The Balance Sheet
- Return on Capital Employed
Costs
- Cost classification
- Cost behaviour
Working Capital
- Stock
- Debtors
- Creditors
DAY TWO
Quality and Waste
- Customers and quality
- The cost of quality
- The Seven Deadly wastes
- Conformance and non-conformance
- Waste reduction
Final Session – Presentations, in teams, of waste in the organisation
Pre & Post Course Quizzes; Revision Quizzes; and Case Studies throughout
Application Project (to be presented 6 weeks later)
AIMS AND OBJECTIVES
This programme aims to ensure that the participants on the programme will understand:
- Basic financial reporting
- The essentials elements of the Profit & Loss Account and Balance Sheet in relation to managing a business
- The importance of cost control and cashflow management
- The importance of controlling Working Capital
- The impact of quality