AtLast! Training LtdUnderstanding Financial Performance
A 1-day event developed for Managers and staff who need to understand and provide internal financial information, which is designed to help plan and control the performance of their business unit. Managing Financial Performance is an ideal follow up to this course
BENEFITS
On completion of the course, delegates will have developed their ability to use financial information through a better understanding of:
- The key areas which they can influence which will have an effect on the bottom line
- Commonly used financial terms
- How a business is financed
- The principal components of balance sheets and profit and loss accounts
- The key points and ratios available from financial statements
- The importance of Managing Cashflow
CONTENT
The function of Accounting in relation to planning and measuring business performance
Understanding the jargon
Balance sheet analysis - what goes where, and what to look for, what are the warning signs
Profit and Loss – the key figures
Management Accounting as a planning and control tool
Managing Cashflow – how long are we waiting for our money? What is the effect of this, and what can be done to improve cashflow?
Practical exercise using your department’s latest monthly management accounts
Highlighting figures which you can influence and those that need investigating
Managing Financial Performance is an ideal follow up to this course.
