Financial Awareness Training
Being able to understand financial language and finance concepts will be a major factor contributing to any organisation’s success.
This course (often known as finance for non-finance professionals) explains the language used by accountants and those in finance and demonstrates how financial statements fit together.
No background knowledge of finance or business is assumed. A practical approach is taken with numerous examples being used to illustrate the key concepts. Participants are given ample opportunity to put what they have learned into practice throughout the course. Benefits of attending include gaining a better understanding of:
- The language of business and the terminology used by accountants
- How finance works and how it impacts on what you do
We recommend the Financial Awareness courses for:
- Managers in organisations with a non-financial background
- Users of financial information, internal or external
- Executives and employees who are recipients of financial reports
- Professionals who need to understand financial terminology
- Budget holders and those with responsibility for costs
The courses cover:
- Basic financial terminology and key accounting concepts
- The flow of money in a business and how it is accounted for
- The key financial statements (profit and loss account, balance sheet and cashflow)
- The composition and contents of a set of financial statements (using real life examples)
- Judgemental areas within a set of accounts
- The difference between profit and cash
- Understanding of the different financing structures of a business
For details and tailored courses, please contact us.