- Duration: TBC
Course details
Course Overview
Financial Accounts
Course Overview
- Profit and Loss accounts and how to understand them
- Understanding income & expenditure account whilst analysing the finance flows within your organisation
- Cash and accruals account showing how each is used
- Terminology associated with income and expenditure accounting
- Communicating effectively with finance professionals
- Analysing trends in financial flows and formulating appropriate questions
- Reading balance sheets
- Constructing a cash flow statement
Management Accounts
Course Overview
- The budgeting process
- How budgeting relates to strategic objectives
- Constructing a budget
- Estimating costs and income accurately
- Understanding the past and forecasting the future
- Cost centres and income streams
- Understanding fixed and variable costs
- Using the concepts of break even pricing
- Evaluating opportunity costs
What will students get out of it?
The course will help them understand their organisation’s finances and how their own budget and expenditure fits in. It will give students an understanding of some basic financial tools as well as some useful spreadsheets to take away. It will help them communicate on equal terms with financial professionals including their treasurer, finance officer or accountants
Updated on 08 November, 2015About The Knowledge Academy
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