The program aims to provide fundamentals of financial thinking by teaching the nuances of applying financial information to decision-making and discussion procedures.
What is a profit and loss statement?
How to calculate the break-even point for your business?
What is the cost of production and what expenditures does it include?
What are the most effective tools for budget planning?
up to 15 people
2 days, 8 hours each
Introduce basic financial terminology, accounting and types of accounting, and financial analysis methods (ABC, XYZ)
Understand the difference between financial and managerial accounting
Use real-life cases to practice calculating a break-even point
Analyze models for forming basic financial KPIs
Introduce the basic principles of budgeting and financial responsibility centers (investment center, profit center, revenue center, and cost center)
Use business games to simulate the budgeting as well as the goal-setting procedure for the budgeted period
Develops following competencies by The Lominger competency model
Commitment to results
For you, we have elaborated the basic financial training course for non-financial operators. It is expected to help you assess the financial consequences of managerial decisions, to use the company resources available more consciously, and to manage expenses more effectively.
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We can adapt for online sessions and for your needs