Accounting and Finance Essentials for Managers Workshop

This training workshop is for anyone needing a basic understanding of business finance and insights into operational decision-making. It will:

• Show operrational staff the financial consequences of their activities.
• Demonstrate the combination of KPIs and regular management information is vital to an organization’s operational success.
• Explain how the finance function contributes to the effective use of resources.

Importance of Financial Management

• The elements of financial management
• Key accounting terms and terminology
• How cash and profit differ
• The two main financial reporting statements: the income statement and the balance sheet

Measuring Financial Success

• Measuring management success
• Measuring risk and return
• The importance of cash flow and working capital
• Budgeting and budgetary control

Managing Financial Resources

• The importance of cost behaviour
• Cost management
• Opex and Capex
• Break-even analysis

This training workshop is suitable for staff who wish to improve their understanding of how accounting and finance can help in their decision-making and how this impacts on the organization’s financial position.

Upon completion of this training workshop, you will understand:

• The relevance of finance to operational decision-making.
• The relationship between operational and financial measures.
• Why a deeper understanding of cost and cost behaviour can help operational staff.