Managing Finance: Contents

Course Contents

1. Finance & Accounting - The Language of Business

• 3 Essential Elements of Business - Money, Product & Customer
• Importance of Managing Finance
• Process of Managing Finance

2. Financial Principles and Concepts

• Definitions & Terminology
• Role of Management vs Role of Accountants
• Understanding Balance Sheet, Profit & Loss A/c and Cashflow

3. Analysis of Financial Reports

• Profit, Growth and Cash
• Efficiency, Liquidity and Profitability Ratios
• Buying a Company

4. Working Capital Management

• Working Capital – the essential elements of business
• Building a culture of working capital management
• How to prepare a Cash Forecast

5. Costing

• Cost must be small, Income must be BIG
• Cost behaviour patterns
• Full Cost Accounting

6. Management Accounting

• Cost-Volume Relationships
• Contribution Margin, Cost-benefit Analysis
• Costing & Pricing

7. Capital Budgeting

• Capital Vs Operation Expenses
• Capital Expenditure - impact on P & L, Balance Sheet & Cashflow
• The Capital Budgeting Process

8. Capital Investment Decisions

• Capital Expenditure - Investment to earn future income
• Assets must feed the Business not the Ego
• Payback method, discounted cash flow, net present value

9. Financial Planning

• Past Data, Future Trends & Targets
• Budget Specifications
• How to prepare a budget/li>

How You Will Benefit

By the end of the course you will:

• know the Most Essential Elements of Business and how to act to maximise your profit and your financial position.
• understand the jargons in accounting.
• know the basic principles of accounting.
• be able to communicate effectively with your accountants and bank managers to get the right help from them.
• be able to use Financial Reports to evaluate your business to determine whether you are efficient, profitable and able to pay your debts.
• be able to take hunches out of your decision making to improve your performance.
• be able to plan for the future, create realistic budgets and back good ideas with good financial plans.
• have clear distinction between costing and pricing
• understand the relationship of cost, price, volume and profit.
• understand the nature and behaviour of costs.
• know how cost are allocated
• be able to make sound Capital Investment Decisions.