Every manager and professional needs a comfortable grasp of the concepts and language of financial management
if they are to play their full part in making decisions and monitoring performance.
Believe it or not, learning finance can be fun!
Part 1 of this workshop clarifies financial jargon, helps participants identify and
interpret the relevant information and assist them in preparing and managing budgets.
This workshop is designed for easy understanding and is suitable for
any manager with little or no prior knowledge to finance.
Upon completion of the training, participants will have the knowledge
- Understand what the Income Statement, Balance Sheet and Cash Flow Statement mean
- Interpret the IBM’s Income Statement, Balance Sheet and Cash Flow Statement
WHO SHOULD ATTEND
- Heads of Department
- Senior Managers
Introduction to Financial Management
- The challenges in today’s business environment.
- The role of the finance department.
- The relationship of finance and accounting to the other departments.
Cash Is King
- Understanding the Business Cycle
The 3 Basic Financial Statements
- The Income Statement
Are we making a profit?
- The Balance Sheet
Assets and liabilities
- The Cash Flow Statement
Cash In and Cash Out
- Understanding Basic Finance
- Trading Account
- P & L Account
- Appropriation Account
- Components of a Trading and Profit & Loss Account
- Balance sheet
- Total Assets = Equity + Total Liabilities
- Balance Sheet compared to P & L Account
- Cash Flow Statement
- Cash vs. Profit
Group Activity 1: Understanding Financial Statements
Group Activity 2: Case Study on Power Pillows. Drawing Up Your Own Financial Statement
Participation is the key ingredient for this success of this workshop.
The workshop is structured in an easy to understand manner,
making adult learning fun, using the tools and techniques.
All participants will be encouraged to share and participate actively in this workshop.