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Business Friendly Finance

Course Details

Name Business Friendly Finance
Description
URL
Location:
Birmingham
Start Date:
Working Days:
Price:
£249.00 +vat
Availability:
Exam:
Residential:
Course ID:
502142

Overview

This course is aimed at non financial managers and others in positions where an understanding of finance will help them be more effective in their main role. It is designed to demystify financial jargon and introduce the key financial statements, how to interpret them and how to use them to obtain essential business information.

The course then moves to areas which are most likely to be used frequently by delegates: How to work out cost and profit, how to plan and measure budgets, how to establish true costs to maximise profit, and finally options for price setting in order to achieve company objectives.

The course aims to give delegates a practical knowledge of finance which will help them make more informed decision and be conversant with areas of financial theory which can be used in their daily activities.

CPD Value 3 Hours

Learning Objectives

  • A firm understanding of finance and how it can be used by managers in non – financial roles.
  • Explanation of key financial statements and practice using the information they contain.
  • Techniques for assessing true cost and developing profitable pricing strategies.
  • Practical advice on using financial information for internal management and reporting

Course Content

09:00 – 9:30              Coffee and Course Introduction

09:30 – 10:30             Finance In The Business Context

10:30 – 11:15              Reading and Understanding Financial Reports

11:15 – 11:20              Using Financial Data: Essential Business Ratios

11:20 - 11:35              Coffee break

11:35 – 11:55              Establishing Profit and Cost

11:55 -  12:15              Planning and Budgeting

12:15 -  12:45              Making a Profit, Working Out True Cost. Effective Pricing

12:45                           Summary, Questions and Plans

Birmingham (Temple Street)

Location:

Somerset House
37 Temple Street
Birmingham
B2 5DP

 

Directions:

The closest train station is Birmingham New Street. When you exit the station, walk North East on Navigation Street towards Stephenson Street, then take a slight right on to Stephenson Street. Turn left on Lower Temple Street, continue on to Temple Street and Somerset House will be on your right.

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