All managers need to understand, interpret and act on financial information. This workshop provides a common language that enables you to understand what contributes to business profitability.

You will be better able to:

• Understand the language and basic concepts of finance
• Better understand the requirements of finance
• Apply financial concepts and methods to your own business decisions

Known across Europe as “the” course for all managers requiring an understanding of finance principles, this workshop provides a solid introduction to the fundamental tools and concepts of finance and accounting in a stimulating and easy-to-follow manner.

Role of Finance 

• You will get insight on what the various functions of the Finance department, notably external reporting requirements and the internal business support role

 
Financial Accounting 

• Learn about accounting principles
• Apply those accounting principles to various exercises
• Learn about recognition of revenues and costs
• Construct a P&L and a balance sheet based on case study
• Learn about elements of a cash flow statement
• Construct cash-flow statement based on case study

Financial Ratios and Analysis 

• Learn about financial ratios to measure profitability, liquidity and assets management
• Case study to analyse a business, including presentation of your findings

Working Capital and Asset Management 

• Understand the importance of working capital management
• Learn about methods to measure inventory, accounts receivable, accounts payable
• Discuss various methods to reduce inventory
• Discuss various methods to reduce accounts receivable
• Discuss various methods to keep capital expenditure under control

Costing and Pricing 

• Learn about significance of various cost concepts and methods
• Distinguish between relevant and non-relevant costs for decision taking
• Case study to determine relevant costs for pricing
• Apply pricing strategies to case study
• Break even calculations
• Exercises to project costing and make or buy decisions

Investment Appraisals 

• Discuss types of investments
• Learn about various methods to determine the return of investment
• Discuss relevant costs for investment decisions
• Exercises to calculate Payback, NPV, IRR
• Discuss non-financial aspects of investment decisions

Budgeting 

• Learn about the role of budgeting
• Discuss various budget approaches
• Exercises to budget variance analysis

Complete details on

https://mce.eu/programmes/p_0067/#programme-details