Business Accounting and Financial Literacy
Build Financial Confidence for Better Business Decisions
Managers who lack financial literacy make decisions that cost their organisations an average of 10% in avoidable losses annually.
The Challenge
Non-finance managers frequently make costly decisions because they cannot interpret financial statements or apply basic financial analysis.
The Solution
Empower managers to read financial data, manage budgets effectively, and contribute to organisational profitability.
Programme Overview
Financial statement analysis, budgeting and forecasting, cost management, financial decision-making, and ethical considerations in finance.
Who This Is For
What You'll Achieve
- Understand financial statements
- Demonstrate the ability to conduct financial analysis
- Understand the concepts of financial decision-making
Programme Sessions
5-Day Certification Programme
Covers: Understanding Financial Statements, Types of financial statements, Organisational Management Accounts and Balance sheets, and 2 more topics
Topics covered:
- L1.1
Understanding Financial Statements
- L1.2
Types of financial statements
- L1.3
Organisational Management Accounts and Balance sheets
- L1.4
Preparation of a Balance Sheet
- L1.5
Interpreting an Income Statement: Profitability Ratios
Covers: Nature and Significance of Financial Analysis, Types of Financial Analysis, The Difference Between Financial Analysis and Financial Reporting, and 2 more topics
Topics covered:
- L2.1
Nature and Significance of Financial Analysis
- L2.2
Types of Financial Analysis
- L2.3
The Difference Between Financial Analysis and Financial Reporting
- L2.4
Comparative Statements Preparation and Data Interpretation
- L2.5
Trend Percentage Calculation and Interpretation
Covers: Importance of Financial Analysis in Decision-Making, Planning, and Management, Methods of Financial Analysis Comparison, Applying Tools and Methods of Financial Analysis in Real-life Business, and 1 more topics
Topics covered:
- L3.1
Importance of Financial Analysis in Decision-Making, Planning, and Management
- L3.2
Methods of Financial Analysis Comparison
- L3.3
Applying Tools and Methods of Financial Analysis in Real-life Business
- L3.4
Financial Analysis for Divestitures and Asset Sales
Covers: The Role of Budgeting and Forecasting in Business Planning and Decision-Making, Types of Budgets (Operating, Financial, Master), Key Financial Metrics Used in Budgeting
Topics covered:
- L4.1
The Role of Budgeting and Forecasting in Business Planning and Decision-Making
- L4.2
Types of Budgets (Operating, Financial, Master)
- L4.3
Key Financial Metrics Used in Budgeting
Covers: Monitoring and Analysing Budget Variances, Cost Classifications, Use the High-Low Method and Regression Analysis to Separate Fixed and Variable Costs, and 3 more topics
Topics covered:
- L5.1
Monitoring and Analysing Budget Variances
- L5.2
Cost Classifications
- L5.3
Use the High-Low Method and Regression Analysis to Separate Fixed and Variable Costs
- L5.4
Calculate the Contribution Margin and Contribution Margin Ratio
- L5.5
The relationship Between Sales, Costs, and Profits
- L5.6
Budgeting and Control of Overhead Costs
Covers: Financial Planning Process, Strategic Planning and Financial Strategy Alignment, Financial Risk Management, and 1 more topics
Topics covered:
- L6.1
Financial Planning Process
- L6.2
Strategic Planning and Financial Strategy Alignment
- L6.3
Financial Risk Management
- L6.4
Financial Performance Measurement and Evaluation
Covers: Ethical Issues in Finance and Accounting, Professional Codes of Conduct and Standards (CFA Institute, AICPA, IMA), Corporate Social Responsibility and Sustainability Reporting
Topics covered:
- L7.1
Ethical Issues in Finance and Accounting
- L7.2
Professional Codes of Conduct and Standards (CFA Institute, AICPA, IMA)
- L7.3
Corporate Social Responsibility and Sustainability Reporting
Competencies Developed
Understand financial statements
Understand concepts related to Financial Statements
Prepare organisational management accounts and balance sheets, including profit and loss accounts; Apply, analyze and prepare a cash flow statement
Demonstrate the ability to conduct financial analysis
Describe the nature and significance of financial analysis
Identify the objectives of financial analysis; Describe the various tools of financial analysis
Understand the concepts of financial decision-making
Describe and understand the importance of financial analysis in business decision-making, planning and management
Compare and contrast methods in financial analysis; Apply tools and methods in Financial Analysis to real-life business decision-making, planning, and management
What Our Students Say
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Key Information
Fees & Payment
Pay in Full
£1,200
Ready to Enrol?
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