The program aims at providing executives, who have no formal training in finance, with an understanding
of the financial consequences of their decisions, and equipping them with basic financial management tools to enable them make decisions that will enhance the value of their organisations.

Course Objectives

  • to understand and interpret; balance sheet, profit & loss, and cash flow statements
  • to understand and build effective budgets
  • to understand and build effective costings

Duration – 5 Days

The Balance Sheet
Format & content of the Balance sheet, Understanding the principles behind the numbers, Building the balance sheet, Balance sheet analysis

Cash Flow Forecasts
The importance of cash flow, The format and content of the cash flow forecast, Building the cash flow forecast, Linking cash flow to the profit and loss account

Building Effective Budgets
The format and contents of budgets, Ensuring accurate information, Building the budget, Managing the budget

Building Effective Costings
Key costing techniques, Understanding margin management, Integrating costing with budgeting, Budget and cost reporting

The Profit & Loss (P&L) Statement
Format and content of the P&L statement, Understanding the principles behind the numbers, Building profit & loss statements, The link between the P&L and the Balance Sheet