Overview
• This Workshop transforms financial and accounting concepts into decision making tools you can unsuccessfully every day. You will
learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities. You will also understand the terminology used by accounting and finance staff and will feel more confident when being involved with them or using them
• Professionals/Managers with a financial background are considered most efficient at managing any operating scenario. Knowledge of financial aspects that help in decision making is the key to their success. It is important for a senior professional to be equipped with
financial decision-making tools to be able to analyze financial statements, understand the nature of cost and ways to reduce cost, take pricing decisions, decide a product mix and opt for the best suited option of financing the need.
The Learning Journey :
• Define the four key financial statements: balance sheet, income statement, cash flow and changes in owner equity
• Interpret the financial health and condition of a company, division or responsibility center and use financial information for management and evaluation
• Distinguish between accounting and finance and explain the finance role in running businesses
• Prepare a company's operating budget and relate it to the organization's strategic objectives
• Apply Financial techniques to enhance decision making
