Financial Awareness for Non-finance Managers - Essentials (ICAS)

Overview

This course is designed to give delegates an introduction to business finance in order to be able to contribute to your business's success. It will also give you an understanding of the language used by accountants and how financial statements fit together.

Learning outcomes include a greater understanding of business finance and the language used by accountants and those in finance, as well as a greater understanding of basic accounting concepts and the flow of money in an organisation.

To extend your understanding of finance further, see the follow-on course Financial Awareness for Non-finance Managers - Advanced

Who is this for?

This course will be of benefit to non-finance professionals, at all levels, who need to develop an understanding of business finance. All staff within a business, company, partnership or charitable organisation should have an understanding of finance in order to contribute to their organisation's success.

What will you learn?

This course will explain, in a practical way, the financial statements of an organisation and how to read and understand them plus basic accounting concepts such as depreciation, cost behaviour, cash flow, working capital and budgeting.

• Basic financial terminology and key accounting concepts
• The flow of money in a business and how it is accounted for
• The key financial statements (profit and loss account, balance sheet and cashflow)
• The composition and contents of a set of financial statements (using real life examples)