RATIONALE
The modern manager needs to understand the financial implications of their day-to-day decisions and the impact they have on the business. It is also important that managers have a solid grasp of basic financial awareness in order to agree and manage budgets effectively and appreciate core finance principles.
PURPOSE
The aim of this course is to equip employees with basic knowledge and skills to be able to manage budgets effectively and appreciate core finance principles.
LEARNING OBJECTIVES
At the end of the course, participants should be able to:
- Understand basic financial terminology
- Enhance decision-making skills by integrating financial management concepts into their thinking
- Evaluate the meaning of profit and loss accounts and balance sheet
- Employ cash flow analysis to assess the business status
- Control business operations through effective budget management
- Understand the budgeting process and forecasting techniques
COURSE CONTENT
DURATION
TARGET GROUP
- Understanding financial terms
- Definition of profit
and loss accounts - Cash flow analysis
- Individual conflict resolution styles
- Effective budget
management
2 Days
- Managers
- Team leaders
- Supervisors
- Directors