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Understanding Finance and Financial Reports

COURSE AIMS

This one-day course has been designed for all persons who need to understand the financial data used within an organisation and how it is used for decision making. It will look at the tools and processes you need to build, present and work with your budget, understand a Profit and Loss Statement, Cash Flow and a Balance Sheet.

The course will also explain where the financial figures come from to make up these reports, how they link to each other and what are the key business mesures and how they are generated.

KEY BENEFITS

Upon completion of this course, you will understand:

  • The Budgeting process
  • The Profit and Loss report
  • The importance of the Balance Sheet and what it means to a business
  • The key financial measures
COURSE OUTLINE

Session 1: Overview

  •  What are statutory Reports
  • The Accounting Period
  • The reports
  • What do they mean
  • Profit is not Cash
     

Session 2: The Budget

  • What is it for
  • Getting the Right Format
  • Doing the Groundwork
  • Controlling Costs
  • Monitoring Variance
  • Taking Corrective Action
     

Session 3: Cash Flow

  • Where the detail comes from
  • Constructing a Cash Flow
  • Projecting the Cash Flow
  • The importance of Cash
  • Protecting Cash
  • Cash Flow controls
     

Session 4: Profit and Loss

  • Profit in Perspective
  • Costs and Revenues
  • The Profit and Loss Account
  • Profit is not Cash
     

Session 5: The Balance Sheet

  • The structure  
  • Presenting a Balance Sheet
  • Interpreting a Balance Sheet
  • The importance to the business
  • Key measures
     

Session 6: How the reports link

  • How the information is generated
  • How the reports relate
  • Business control from the reports
  • Financial management
     
WHO SHOULD ATTEND
This course has been designed for all persons within a business involved with developing budgets and who need to understand the financial data used within an organisation and its use for decision making.
WHY YOU CANNOT MISS THIS COURSE
  • Financial control is key for all successful businesses today. This course will show you what the financial reports are and what they mean
  • Understand how to prepare your Budget and how to use it
  • Understand the main financial measures to control the business
WHO ARE CBH TRAINING
CBH have been delivering training into businesses for over seven years. All our Trainers come from industry so you are assured of their competence to deliver professional and practical knowledge throughout the course. All training is backed by our 90-day free support line, which can assist you when putting your learning into practice.

 

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