our capability
Finance
Understanding business finance - finance can be fun!!
Outcomes
- comprehend the jargon & terminology
- understand the key financial statements, their use, relevance and limitations
- appreciate the importance of key measures of performance
- be able to make positive contributions to discussions about financial issues
Indicative content
Financial terms and jargon – accounting conventions
Key financial documents – what they are and the information they provide:
- Profit and Loss Account
- Balance Sheet
- Cash flow statements and forecasts
- Financial v. management accounts
Key measures of performance
- Generic business measures that assess performance
- Company specific measures
Assessing investment proposals
Budgets – their purpose and nature
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