Finance for Non-Financial Managers
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About this course

Introduction to Profit and Loss Account/Income Statement (Statement of Profit or Loss), Balance Sheet (Statement of Financial Position) and Cash Flow statement (Statement of Cash Flow).

Introduction of Key Terminology

Introduction to Ratios and Interpretations of Accounts

 

What will I learn?
1. Understanding the income statement account and statement of financial position
  • What is included in a statement of financial position
  • What is included in an income statement account
  • The differences between the above two financial statements
2. Using information from the income statement account and statement of financial position 
  • How to interpret information from an income statement account and statement of financial position
  • Ratio analysis
  • How to interpret using ratio analysis
  • How to use selected ratios to interpret information in financial statements
  • The limitations of ratio analysis
3. Controlling cash
  • Why cash doesn’t equal profit
  • What you can do to ensure there’s sufficient cash within the business
4. Using budgets to manage business activity 
  • How budgets help with day to day business management
  • How to interpret information in a budget
Entry requirements

An interest in wanting to learn more about how a business works, particularly within these areas.

Study, assessment and qualifications

No assessment but their will be class activities to be completed during class session

Additional costs and information

Note pad, pen(s) and a calculator

What could I do next?

Professional Qualifications such as:

  • Level 1 Bookkeeping/Computerised Bookkeeping
  • AAT Level 2 - Level 4