About this Course

This course aims to help non-financial professionals to raise their awareness of finance and to use financial information in making business decisions.

As companies strive to enhance their shareholders' funds there is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement. Decisions made without properly understanding the financial implications may lead to reduced profits (sometimes even losses) and a reduction in shareholder value.

This workshop aims to raise the level of financial awareness of the participants and enable them to use the financial information provided to them to make better short-term or long-term decisions in managing their business.

Course Objectives

By attending this workshop, participants will:

Financial Statements

• Understand the main components of a typical set of financial statements of annual report
  
• Appreciate the key underlying accounting concepts used in the preparation of financial statements
  

Business Analysis

• Know how to interpret financial statements and analyse businesses using the 7-step approach
  
• Be able to perform a SWOT analysis using financial statements
  

Cast

• Understand the cash operating cycle and what affects a company's cash flow
  
• Know how to manage the cash operating cycle
  

Costing

• Know the different categories of costs which exist and their implication on costing
  
• Understand costing concepts, and apply them in making business decisions
  

Investment Appraisal Tools

• Understand and apply the payback, net present value and internal rate of return methods of project appraisal in decision making
  
• Understand briefly the concepts of shareholder value, gearing and weighted average cost of capital
  

Course Outline

Day One

• Introduction
  
• Financial Statements
  
• Business Analysis
  

Day Two

• Cash Operating Cycle
  
• Costing
  
• Investment Appraisal Tools
  
• Budgeting
  

Day Three

• Taxation
  
• Foreign Exchange Implications
  
• Case Study - The Lessons from Amcol
  
• ProfitPlus™ Board Game
  
• Warning Signals
  

Who should attend

Directors, managers and any other officers who use financial information in the course of their work and do not have any specialised training in understanding financial information. Prior knowledge of accounting or finance is not required to benefit significantly from this workshop.

Course Duration

21 hours (3 days)

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