Financial Management Introduction
Starting dates and places
Genesys Training offers this product as a default in the following regions: N/A
Description
An intensive, hands-on one day training course introducing you to the fundamentals of financial management
Course Aims
This Intensive, hands-on one-day training course introduces delegates to the fundamentals of financial management. Delegates will become familiar with basic accounting concepts and terms, track business transactions, use universal accounting tools such as the general journal, general ledger, and trial balance. Course activities also cover the purpose and how to use the four financial statements-the income statement, the balance sheet, the cash flow statement, and the statement of stockholders' equity. Finally, delegates learn how to create and enforce a budget by analysing f…
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An intensive, hands-on one day training course introducing you to the fundamentals of financial management
Course Aims
This Intensive, hands-on one-day training course introduces delegates to the fundamentals of financial management. Delegates will become familiar with basic accounting concepts and terms, track business transactions, use universal accounting tools such as the general journal, general ledger, and trial balance. Course activities also cover the purpose and how to use the four financial statements-the income statement, the balance sheet, the cash flow statement, and the statement of stockholders' equity. Finally, delegates learn how to create and enforce a budget by analysing financial statements, setting objectives, and monitoring performance.
Who Should Attend?Anyone, whether a business owner, manager, supervisor or accounts specialist, who needs to learn how to understand and apply basic financial management techniques within their company.
Course Contents
The Basics of Accounting • Definition of Accounting and Why it is Needed • Key Accounting Terms • The Accounting Equation • Transactions and Accounts • T Accounts • Debits and Credits • Revenue and Expenses • Capital and Withdrawals • Temporary and Permanent Accounts • Fixed and Variable Costs The Accounting Cycle • Accounting Records • Analysing, Recording and Posting Transactions • The Trial Balance • Financial Statements The Profit & Loss (Income) Statement • Types of Revenues and Expenses • Profit and Loss • Preparing a Profit & Loss Statement • Interpreting a Profit & Loss Statement The Balance Sheet • Components of a Balance Sheet • Preparing a Balance Sheet • Interpreting a Balance Sheet The Cash Flow Statement • Operating Activities • Investing Activities • Financing Activities • Benefits of the Cash Flow Statement • Preparing the Cash Flow Statement Budgeting• Fundamentals of Budgeting • Establishing Budget Objectives • Common Budgeting Problems • Monitoring Performance: Pro Forma Financial Statements
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