AAT Essentials - Finance for Non-financial Managers

Level
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Description

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 & st…

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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.
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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.