Business Financial Management is your gateway to mastering the financial skills essential in today’s thriving economic landscape. With businesses constantly seeking professionals who can navigate complex financial waters, the demand for skilled financial managers is at an all-time high. This course equips you with a comprehensive understanding of accounting principles and the balance sheet, whilst delving into the intricacies of the profit and loss statement. You’ll develop the analytical skills to analyse financial statements and draw up strategic financial plans, empowering you to make informed investment decisions. As industries evolve, your ability to manage finances effectively becomes crucial, positioning you as a valuable asset in any organisation. Seize this opportunity to enhance your financial acumen and propel your career forward.
Business Financial Management
Corporate
40 hours
Introduction
Objectives
- To understand the accounting principles and prepare accurate balance sheets.
- To analyse profit and loss statements to gain financial insights.
- To analyse financial statements in order to develop effective strategies.
- To apply financial management principles when making investment decisions.
- To interpret financial data for strategic business planning.
- To identify key financial indicators for assessing the health of a business.
- To develop skills in financial forecasting and budgeting techniques.
Table of Contents
UNIT 1. ACCOUNTING PRINCIPLES AND THE BALANCE SHEET
Accounting logic
The balance sheet
General journal and ledger
Generally accepted accounting principles
The most common balance sheet accounting entries (I)
The most common balance sheet accounting entries (II)
UNIT 2. THE PROFIT AND LOSS STATEMENT
Income and expenditure
The profit and loss statement
The most common accounting entries for income and expenses (I)
The most common accounting entries for income and expenses (II)
The cash flow statement
UNIT 3. ANALYSIS OF FINANCIAL STATEMENTS AND FINANCIAL STRATEGY
Analysis of changes in the balance sheet
Strategy to ensure liquidity
Strategy to ensure solvency
Leverage and return on equity
Analysis using financial ratios
UNIT 4. FINANCIAL MANAGEMENT AND INVESTMENT DECISIONS
The financial system
Financial mathematics
Investment decisions. NPV
Investment decisions. IRR