Custom Industry Training Programs

Financial Skills Introduction

General Description

This program has been designed for participants from a non-financial background. It promotes a better understanding of the importance of finance within an organisational framework. The program is targeted at both private and public sector individuals, as well as those from industry groups. The course aims to increase productivity by providing the skills and knowledge for effective use. 

Duration

1 Day or 2 Half Days 

Pre-requisites

Nil

Methodology

A proven practical woprkshop approach is taken in delivering this course. Course exercises are designed to impart relevant skills and knowledge through real-life examples, case studies and scenarios. Comprehensive notes are provided to participants to reinforce learning.

Content

• Introduction to accounting principles, conventions and standards.


• Understanding the balance sheet and profit and loss statement.


• Interpretation of simple financial ratios.


• Effective Australian business structures.


• Strategic expense management.


• Budgeting and forecasting.


• The cash flow cycle and effective cash management. 

Learning Outcomes

• Explain the way money moves in an organisation.


• Identify the role of financial statements.


• Explain the purpose of ratio analysis.


• Explain how a business structure impacts on the accounting requirements.


• Play an instrumental part in the budgeting process.


• Identify the manager's role in cash management.