Finance for Non Finance People
An introductory course to the world of Accounts and Financial Statements for Non Finance People
Description
This course is for Non Finance People who need to be actively involved with financial information. It will help you understand the terminology and language of Finance and the importance of financial statements to improve your knowledge and decision making.
Our course will help you understand the language and terminology the accountants use such as Profit & Loss Accounts, Balance Sheets, Accruals and Working Capital.
If you are someone who wants to understand how a Profit & Loss Account works and what it is (and isn't) telling you then this course is for you. If people use jargon such as 'Management Accounts' or acronyms like 'EBITDA' and you really want to know what they are talking about then you will find the answers on this course.
We assume no prior knowledge and we start the course from the beginning. Our course will give you a great grounding that you can use as a springboard to enhance your knowledge and improve your career.
Our course is split into six short episodes. These are:
1. What a set of accounts tell us
2. Accruals; a simple example
3. The Balance Sheet: focusing on Fixed Assets, Intangibles, Depreciation & Amortisation
4. The Profit & Loss Account: including Gross Profit, Operating Profit & EBIT
5. The Cash Flow: including Working Capital & Liquidity
6. Other accounting stuff: Budgets, Working Capital & EBITDA
What You Will Learn!
- Understand the basics of Financial Statements and Accounts. Learn the difference between Profit & Loss Accounts, Balance Sheets & Cash Flow Statements
- Learn the language of Finance. Understand what your Finance team mean when they use words like 'accruals', 'variances', budgets and 'depreciation'
- For business managers and owners, understand what your Profit and Loss account or Management Accounts are telling you and engage effectively with Accountants
- For Accounting & Finance students, cut through the jargon and academic language and really understand the basic accounting ideas at simple level
Who Should Attend!
- Business Managers who have to deal with financial information
- Budget Holders who receive Management Accounts from the Finance Team to review
- Business Owners who want to understand what their Financial Statements mean
- Finance & Accounting students who want to have a clear and simple understanding of what Financial Statements are all about
- Anyone who is interested in understanding Profit & Loss Accounts, Balance Sheets and other accounting jargon