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”