Schulung: Finance and Accounting for Non-Financial Managers
Financial reports "speak" a language of their own which many managers have to learn how to translate. This seminar clarifies terms to help you to understand financial reports more easily and shows you how to use this information to make better decisions.
An overview of business and financial systems:
Role of finance departments - Difference of management and financial accounts - Financial processes
Accounting transactions and interpreting accounts:
System of double entry accounts - Annual financial statements - Income statement - Balance sheet - Cash flow statement - Balance sheet ratios
Budgets and budgetary control:
From operational planning to budgets - Budgeting of projects - Process of budgeting
Cost types - Cost centers - Cost units - Cost behaviour and terms - Contribution costing - Target costing - Activity based costing
Sales reports - Forecasting - Balanced scorecard - Operational and strategic cost cutting methods
Corporate funding - Cash flow forecasting - Liquidity planning
Business cases - Road map - Cash flow, break even point and net present value - Key performance indicators - Risk management
Wer sollte teilnehmen:
Executives, junior executives, team leaders, project managers, engineers.
Adequate command of English.
Presentation, discussion, case study, group work.