Understanding Key Financial Statements and Concepts
- Understand the terminology used on financial statements
- Perform key financial ratios to understand how the business is performing
- Explain the importance of depreciation and its impact on performance
- Training options for individual learners, groups/teams & organisation-wide
Course Code: OV-KFS
half-day live session delivered virtually or in-person | 6-8 hrs on-demand learning | 30-minute coaching session (optional extra for teams)
This programme is available for individuals, groups and teams
On-demand digital learning playlist
Half-day live session delivered virtually or in-person
Supporting on-demand digital learning playlists | 30-minute follow up coaching session (optional extra for teams)
This course looks at the key knowledge needed to read and understand the Financial Statements and how this links to everyday operations in your organisation. It covers the purpose and structure of the Income Statement and the Statement of Financial Position, as well as the terminology and jargon associated with them, before looking at the ratios that can be performed on them.
This course is a good starting point suitable for non-financial managers or anyone moving into management who needs to understand financial information they are being presented with and understand the language of finance so that a better understanding of the impact of key business decisions on the financial results can be gained.
By the end of this course you will be able to:
- Read Income Statements and Statements of Financial Position and link to business decisions
- Understand the terminology used on financial statements for more meaningful conversations
- Perform key financial ratios to understand how the business is performing
- Demystify the rules of capital expenditure vs operational expenditure in order to understand the decisions made by the business and the impact on results
- Perform cost appraisal calculations to justify investment and support business cases
- Explain the importance of depreciation and its impact on performance
- Identify the key components in the working capital cycle and how it can be optimised in the business to reduce risk and improve cash flow
You may also like:
Understanding Costs and Budgets
Communicating with Impact
This course looks at the key knowledge needed to read and understand the Financial Statements and how this links to everyday operations in your organisation. It covers the purpose and structure of the Income Statement and the Statement of Financial Position, as well as the terminology and jargon associated with them, before looking at the ratios that can be performed on them.
This course is a good starting point suitable for non-financial managers or anyone moving into management who needs to understand financial information they are being presented with and understand the language of finance so that a better understanding of the impact of key business decisions on the financial results can be gained.
By the end of this course you will be able to:
- Read Income Statements and Statements of Financial Position and link to business decisions
- Understand the terminology used on financial statements for more meaningful conversations
- Perform key financial ratios to understand how the business is performing
- Demystify the rules of capital expenditure vs operational expenditure in order to understand the decisions made by the business and the impact on results
- Perform cost appraisal calculations to justify investment and support business cases
- Explain the importance of depreciation and its impact on performance
- Identify the key components in the working capital cycle and how it can be optimised in the business to reduce risk and improve cash flow
You may also like:
Understanding Costs and Budgets
Communicating with Impact
Or speak to one of our friendly learning advisers by:
Phone
+49 69 9203 7568 0Custom learning experiences for teams, groups, or for the organisation
Pick the building blocks & services you need from our menu
Want a tailored programme for groups/teams? Use our menu of options to create the perfect training experience to suit your needs.
Take a lookConsidering an organisation-wide learning solution?
We provide a holistic range of services to help you create a skilled, high-performing and resilient workforce… wherever they are.
Find out more