The basic understanding of finance is becoming increasingly important.
Today's managers are expected to evaluate financial data and criteria to provide meaningful input at management meetings.
Development of these skills is essential for successful managers.
To equip learners with an understanding of accounting language, formats, concepts and budgeting.
The basic elements of a balance sheet and income statement, i.e. assets, equity, debt and double entry accounting.
Liquidity and profitability.
The income statement and balance sheet.
Cash Flow Statements
Activity analysis and operating statements.
Financial forecasting and budgeting.
Basic analysis of financial statements.
INDIVIDUAL LEARNING OUTCOMES
At the conclusion of this course, learners will be able to:
Understand accounting jargon.
Practically apply the principles of finance in their daily life and business.
Contribute at meetings as they will understand financial reports.
Be aware of financial danger signals
The course is highly participative with opportunities to become fully familiar with the basic elements of finance and budgeting.
Relevant documentation is used throughout the course and delegates are expected to bring along recent budgets and financial statements to work with.