Managers often need to use financial information to make sound business decisions, but for non-finance executives, the complicated accounting jargon can be overwhelming.
This introductory course enables non-finance executives to read, understand, interpret and use key financial information to enhance business results. They will leave with a better appreciation of their role in managing finance in daily business.
Read and understand financial statements, including Income Statements and Balance Sheets
Extract strategic information from financial reports
Review and interpret key financial performance data on growth, profitability and expenses
Understand basic techniques in effective cost control
Communicate financial matters more effectively and confidently
The relationship between business management and financial management
Understanding the Income Statement and Balance Sheet / Statement of Financial Position
Common accounting terminologies: common costs / expenses, different profit measures, major assets, accruals, capex and depreciation
Reading financial statements strategically
Interpreting key financial performance data on growth, profitability and expenses