General
Aim of the Programme
This
comprehensive two-day programme aims to equip you with the confidence
to communicate with both colleagues and senior management about
business accounting and finance related issues even if you lack
confidence in your basic mathematics ability. It will do this
firstly, by giving you, the participant, a significant amount
of knowledge and understanding and secondly, by removing the mystique
from financial statements through worked examples and a clear
and humorous clarification of the terminology
used. It is intended to have a direct impact on the organisation’s
performance by making managers more cost and profit aware.
Specific
Objectives of the Programme
By
the end of this programme participants will be able to:
- Understand
the layout of Profit & Loss A/Cs and Balance Sheets
and the terminology used in their makeup.
- Compare
a set of accounts with another set of accounts (such as the
previous year) by utilising basic interpretation techniques.
- Understand
the relationship between Return on Capital, project
viability and the Value of a Company.
- Gain
a basic grasp of elementary costing.
- Use
the principle of marginal costing for profit/break-even
planning and product line decision-making.
- Understand
the aspects of budgetary control and the meaning of
fixed, flexed, incremental, zero based, capital and operational
budgets.
- Understand
how to manage a budget by interpreting variances.
- Create
a cash flow forecast, interpret it and create an action plan
— this will result in an understanding of the difference
between cash and profit.
