Understanding Business Finance

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Description

In order to be successful we need to understand our business finances. Without this understanding we are unable to plan or make effective decisions. This course will provide an overview of the most common financial terms and provide techniques to help you to understand and control your finances.

Overview

This course will ensure you -

- Have undertaken a 'jargon buster' and understand key financial terminology.
- Be able to interpret a profit and loss account and balance sheet, identifying key areas of interest.
- Recognise the importance of cash flow and be able to create a cash flow forecast
- Know what 'breakeven' means and recognise its importance to business operations
- Know what questions to ask when creating and working to budgets including an awareness of cost behaviours.

Outcome

To explain financial and accountancy jargon in plain English and to highlight they key areas of interest to enable effective planning and decision making. A workshop style of delivery will ensure opportunities to discuss ideas and share experiences to aid understanding.

This course is for business owners, managers or staff who require a working knowledge of costs, and understanding of the key financial documents used in organisations.

Additional Information

Lunch and refreshments are provided as part of this course.

Please note, there is no requirements for delegates to bring any stationery or IT equipment unless otherwise stated in joining instructions.

This course is being delivered in collaboration with our training partner, Challenge Consulting and will be held at their purpose-built training centre in Nottinghamshire and is limited to a maximum of 12 delegates.

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