Course/learning journey

Understanding Key Financial Statements and Concepts

Our content is designed for the non-financial manager. In simple to understand terms, along with examples, you will learn about financial accounting, financial statements, working capital, capital and operating expenditure, depreciation, provisions and adjustments, management accounting, budgets, forecasting and various methods creating forecasts, ways to identify and project costs, variances and ways to monitor performance against the budget.
  • 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 & organization-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 program is available for groups and teams

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This is a learning journey.
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On-demand digital learning playlist

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Half-day live session delivered virtually or in-person

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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 organization. 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

 

Course overview

This course looks at the key knowledge needed to read and understand the Financial Statements and how this links to everyday operations in your organization. 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.

Is it right for me?

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.

What will I learn?

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

 

Further courses to consider
For groups & teams

Live session delivered virtually or in-person. Up to 15 people per programme.

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