Download - Now finally understand your Accountant!
CORE NEGOTIATION SKILLS
Finance for Non-Financial Managers
• Finance is not a mystery
• You can’t abdicate responsibility
• You DON’T need to be an accountant !
• You just need to be able to read financial statements
and analyze them?
• Finance is SIMPLE !
INTRODUCTION
Understand Your Accountant
Balance Sheet
Statement of Financial Position Income
Statement
Statement of Consolidated
Income
Cash Flow Statement
Statement of Cash
Flows
THE THREE CRUCIAL DOCUMENTS
Assets = Owners Equity + Liabilities
THE ACCOUNTANTS EQUATION
A = OE + L
Where did you put it = Where did the money come from
THE ACCOUNTANTS EQUATION
It is not easy to draw up a cash flow forecast for
a new business but it is vital
• What sales do you expect to make?
• What portion of your sales will be for cash, if any?
• What purchases will you need to make to achieve your sales target?
• How much opening stock will you require?
• How much capital do you have available to invest in the business
FOR A NEW BUSINESS…
• You draw up your income statement as soon as possible
after the end of the month
• Your figures are accurate
• You discuss the ratios of expenses to sales with your staff
• Your staff understand the effect of expenses on your
business profits
ONCE IN BUSINESS ENSURE THAT:
• Poor Credit Control
• Failure to fulfill orders
• Ineffective Marketing
• Inefficient ordering
• Poor Management Accounting
• Inadequate supplier management
LOOK OUT FOR…
Your Financial Analysis Toolbox
Join Business Made
Simple on
11-12 November 2015
Finance for Non-Financial Managers Course
THIS COURSE WILL BRING YOU THE BENEFITS OF:
• Understand the contents and implications of the balance sheet, cash-
flow and income statement.
• Develop your team’s financial understanding and how their decisions
affect the organisation’s financial performance.
• Realise the importance of cash and profit, and the links to business
strategies and tactics.
• Understand the most important financial ratios and trends and generate
options for improving financial performance.
Finance for Non-Financial Managers Course
More than ever in today’s business environment, management decisions made at all levels of an
organisation need to be based upon a sound understanding of the financial implications to the
business and the importance of justifying Return on Investment. This workshop will familiarize you
with the key concepts of finance and accounting and help you to prepare and present budgets with
more confidence.
Gain the finance and accounting savvy that you need to manage budgets, justify requests and spot
operational problems before they get out of hand. In just two days of intensive training, you’ll learn
the practical financial skills that will help you make better management decisions. Straight forward
and no-nonsense, this course enables you to get straight to the heart of financial issues, demystifies
financial information and gives you confidence and control when making financial decisions.
Visit www.BusinessMadeSimple.co.za for more information!
Join Business Made
Simple on
11-12 November
2015
“Think deeply, think often, live deeper”