This 2 day financial management course is a must for those needing a clear understanding of financial management information so they can interpret it and make business decisions with confidence. Key Learning Outcomes Understand accounting terminology, jargon, theory, concepts and principles. Provide examples of assets, liabilities, revenues, expenses and equity with confidence. Understand the distinction between profit and cashflow and its implications Read and understand the purpose, formats and content of financial statements. Appreciate the trends behind the key financial figures. Understand the difference between companies, partnerships and sole traders as business models. Appreciate the importance of budgeting and learn how to prepare a budget. Apply simple budgeting and reporting processes. Identify with the capital investment decision making process and how this applies to businesses and large projects. Apply costing processes and break even analysis. About the Course- This 2 day course provides an introduction to accounting and financial management information necessary to make decisions to successfully operate a business, department, program or project. During this course participants will understand key accounting concepts and principles as well as be able to explain the importance and role of the three major external financial statements within an annual report. Discover the typical accounting cycles within an organisation and how raw accounting data translates into a set of financial statements. Participants will learn how to interpret and analyse a set of financial statements, using ratio analysis by reference to a practical real business example. The basic techniques for classifying and managing costs within organisations as well as related concepts of break even analysis for product pricing will be covered.
Price: $ 2414.50 AUD