This one-day interactive workshop is for senior managers and directors who need to understand the inner financial workings of their business. As well as the statutory reports that need to be filed, you also need a good grasp of the budgets, forecasts and requests for capital expenditure that cross your desk. This workshop is designed to enable you to interpret the monthly financial reports/forecasts that you see in order to make more strategic decisions.
(We also run Finance for Non-Financial Directors PART 1 which is about the statutory requirements placed on Directors. It covers their legal duties and responsibilities and the financial statements they are required to submit by law. So looks at the external requirements of any business.
This course, Day 2 is about the internal financial mechanisms of how they achieve their strategic and financial targets - budgets, breakeven analysis, investment appraisal and qualitative cost/benefit analysis. Their management accounts. You can attend either one or both courses, you don't need to have done Day 1 in order to attend Day 2).