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