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Banking & Finance

Financial Awareness for Managers

Introduction

In a time of economic turbulence, it is vitally important that colleagues understand what you are telling them. Finance is a foreign language to many people. This short course will explain and demystify finance and explain how commercial actions affect the business financially, it’s a very valuable course for all those who need to understand the financial implications of trading in the current economic climate

 


Objectives

By the end of this course participants will be able to

  • Understand the financial jargon
  • Recognize the financial effects of management decisions
  • Read and interpret profit and loss accounts,
  • Understand and interpret balance sheets and cash flow statements
  • Discuss financial matters with the finance department and understand what they are talking about
  • Understand the way in which many financial techniques can be used strategically to enhance or evaluate competitive advantages

Target Audience
  • Financial Managers
  • Senior Accountants

Banking & Finance Outline

The course covers the following topics:

  • Nature and purpose of accounts
  • Basic principles of bookkeeping
  • The balance sheets
  • The profit and loss account
  • Company accounts
  • Outline of auditing
  • The financial model
  • Importance of margin
  • The effect of fixed costs and the breakeven point
  • The significance of working capital
  • The importance of stock and credit control
  • The importance of cash flow and budgeting
  • The cash flow cycle
  • Working capital -how it is used
  • Cash flow and profits
  • Understanding the statutory accounts
  • The profit and loss account
  • The balance sheets
  • Management accounts
  • Analyzing accounts
  • Using ratios and analyzing performance
  • Making interim comparisons
  • Using data to make decisions
  • Forecasting and budgets
  • Pricing

  
  

Ref Location From To Cost
AF02 Kuwait 14-6-2020 18-6-2020