By the end of this course delegates will be able to:

• Understand the financial jargon
• Recognize the financial effects of management decisions
• Read and interpret profit and loss accounts,
• Understand and interpret balance sheets and cash flow statements
• Discuss financial matters with the finance department and understand what they are talking about
• Understand the way in which many financial techniques can be used strategically to enhance or evaluate competitive advantages

Financial Managers, Senior Accountants, Accounting & Budgeting Personnel

• Nature and purpose of accounts
• Basic principles of bookkeeping
• The balance sheet
• The profit and loss account
• Company accounts
• Outline of auditing
• The financial model
• Importance of margin
• The effect of fixed costs and the breakeven point
• The significance of working capital
• The importance of stock and credit control
• The importance of cash flow and budgeting
• The cash flow cycle
• Working capital -how it is used
• Cash flow and profits
• Understanding the statutory accounts
• The profit and loss account
• The balance sheet
• Management accounts
• Analyzing accounts
• Using ratios and analyzing performance
• Making interim comparisons
• Using data to make decisions
• Forecasting and budgets
• Pricing

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.