AAT Essentials - Finance for Non-financial Managers

Understanding financial documents, analysing financial performance and managing budgets is a part of many managers’ roles. However, this can be challenging without an accounting background. This AAT Essential provides a basic grounding in key financial documents and processes to help non-finance staff meet this requirement more effectively.

This course consists of the following:

Session 1 - Understanding the income statement account & statement of financial position

• What is included in a statement of financial position
• What is included in an income statement account
• The differences between the above two financial statements

Session 2 - Using information from the income statement account & statement of financial position

• How to interpret information from an income statement account & statement of financial position
• Ratio analysis
• How to interpret using ratio analysis
• How to use selected ratios to interpret information in financial statements
• The limitations of ratio analysis

Session 3 - Controlling cash

• Why cash does not equal profit
• What you can do to ensure there is sufficient cash within the business

Session 4 - Using budgets to manage business activity

• How budgets help with daily business management
• How to interpret information in a budget

Students must be a manager/owner looking for a basic understanding of accounting statements and procedures.
Don't meet the entry requirement for the course?