The Financial Facts of Life
Introduction
- Who uses Accounts
- The Business Cycle
- Accounting Principles
Basic Financial Information
- The Profit & Loss Account
- The Balance Sheet
- Return on Capital Employed
Costing
- Cost Classification
- Cost Behaviour
- Gross Margin
- Return on Sales
- Break Even
- Marginal Costing
Working Capital
- Stock
- Debtors
- Creditors
- The time value of money
Planning
- Forecasts and Budgets
- Cashflow Statements
- Budgetary Planning
- Budgetary Control
- Zero Based Budgeting
- Sensitivity Analysis
Investment Appraisal
- Return on investment
- Payback period
- Discounted cashflow
Interpretation of Financial Information
- Financial analysis
- Ratio Analysis
- The Limitation of Accounts
Pre & Post Course Quizzes; Revision Quizzes and Case Studies throughout
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