'Rule No.1: never lose money. Rule No.2: never forget rule No.1.' Warren Buffett – American Buinessman and Investor Managers today are increasingly expected to understand and manage the finances in their area and often [...]
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'Rule No.1: never lose money. Rule No.2: never forget rule No.1.' Warren Buffett – American Buinessman and Investor Managers today are increasingly expected to understand and manage the finances in their area and often participate in financial decisions such as business cases and budget reviews. However Finance, like most professions, has its own jargon and terminology together with some processes and principles which often seem at odds with how we would manage our personal finances. This makes it confusing for non-finance people to understand how finance operates within organisations and prevents them from engaging in financial discussions and activities. Common concerns we hear include: I don’t understand the financial jargon How can I get a better understanding of financial terms and principles? How can I better understand how finance works in my organisation? How can I feel more in control of the financial aspects of my role? This course is designed to ‘de-mystify’ the world of finance and provide you with the confidence and competence to engage in financial activities in a way which demonstrates an understanding of the way finance is measured, the documents and statements which communicate it and the business conditions which drive financial decisions.

  • Identify the role and importance of Finance within organisations
  • Recognise and describe some of the common terms and jargon that are used
  • Identify the elements of the Profit and Loss Account and Balance Sheet
  • Find out about the tools that are used by the external market to judge organisations
  • State the key distinction between profit and cash
  • Recognise how organisations identify the drivers of their financial performance
  • Learn about the key techniques within management accounting, specifically costing, cash flow and budgeting, and how they are used to forecast performance and support decision-making

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