Finance is the bedrock of any business anywhere in the world! This is such that even the charity organisations that are design not for profit making, employ competent financial managers, to ensure they are healthy finance-wise. This course is designed for entrepreneurs and other categories of people that find themselves in situations requiring the making of finance related decisions. It is so packaged to aid them to make decisions relating to assessing different funding sources and their associated costs.
Delegates that require supporting the preparation and analysis of business cases for capital expenditure and projects finance will find this very worthy. Most people suddenly find themselves in managerial roles requiring the making and managing of budgets without any prior competence at this. Such people will find this course extremely supportive and eye-opening.
Many business owners often lack the basic audit principles to maintain clean accounting books such that the continuous survival of the business on sustained sound financial health are guaranteed. This course is a path finder for such people.
Aptly speaking, the course will raise the level of financial awareness of participants. It will enable them to use the financial information provided to make better short-term and long-term decisions in managing their businesses.
Who should attend?
- Business Managers
- Anyone who uses financial information in the course of their work or business is also advised to attend.
Prior knowledge of accounting/finance is not required for entry to this course.
- Financial statements – Understand the main components of a typical set of financial statements or annual report – Appreciate the key underlying accounting concepts used in the preparation of financial statements
- Business Finance Analysis – Know how to interpret financial statements and analyse businesses using the 7-step approach – Perform a SWOT analysis using financial statements
- Cash Operating Cycle – Understand the cash operating cycle and what affects a company’s cash flow – 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
- Budgeting, Forex and Taxation – Have an appreciation of budgeting and the effects of foreign exchange movements and taxation on financial decisions
- Investment Appraisal Tools – Understand the payback period, 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
- Delegates understand basic financial principles and cover generic financial management tools necessary for decision making. Learning is achieved via examples, which reinforce the theory, and topic-related internationally acclaimed videos which successfully simplify the financial topic for the non-financial person.
- Associated Business Benefit: By raising financial awareness, participants are better able to manage businesses’ revenues, costs, profits and cash. Participants will also be able to use their new financial knowledge to make more effective decisions
- Delegates understand and be able to analyse, interprets and reports financial information, like the balance sheet, profit and loss account and cash flow statement as companies strives to enhance their shareholder value.
- Associated Business Benefit: This allows the right decisions to be made with proper understanding of the financial implications may lead to reduced profits (or even losses) and a reduction in shareholder value.