Finance for Decision Makers

Business Benefit

Senior managers make decisions that affect all areas of a business. This course will enhance or refresh their understanding of finance and accounts and therefore give them the skills to make better decisions.

Who Should Attend

Senior Managers who are making operational decisions who need to understand the financial consequences. You are likely to have a role where you are frequently exposed to financial issues and discussions and you want to increase your understanding of the terminology and principles being used

Describe the main accounting statements and how they link together
Understand the difference between historic accounting and future forecasting
Explore how different accounting treatments can lead to very different accounting results
Discuss key finance terms such as depreciation, accruals, prepayments and how these may be calculated
Review the high level principles of pension accounting and the impact that this can have
Discuss the impact of working capital management and your role in this
Review your own accounts and information presented to you
Consider how to read financial statements and how they may be used in different circumstances
Discuss what other methods are used to manage reporting and how these link to budgets and targets at local and group level
Consider the responsibilities of senior managers

Course Content

Key accounting statements
Historic cost accounting
Forecasts
Different accounting treatments
Key accounting terms
Pensions overview
Impact of working capital
Own accounts review
Reading financial accounts