Working with Business Finances

One of the most important areas of management is the management of finances. You do not need to be a qualified accountant but you need to at least be able to interpret financial statement to use them as management tools. During this course you will learn how to interpret statements, prepare and manage a simple budget and manage stock and fixed assets.

When you have completed this course, you will be able to:

• Analyse the basic elements of an income and expenditure statement.
• Analyse the basic elements of a balance sheet.
• Compile a personal assets and liabilities statement.
• Use the evidence in financial statements to make a financial decision.
• Explain the concept of budgeting in a business unit.
• Analyse the budget needs of a business unit.
• Monitor and control actual expenses and revenue against projected expenses and revenue.