As a non-finance professional, perhaps, those balance sheets and cash flow statement appearing alien to you could be quite natural, and you would probably leave them to your experts to deal with it! Well, if ignorance towards the financial aspects of your organization has been working until now, it may not work in the long-run, especially in the context of the modern-age that demands you to be in comprehensive control of your business. LBTC’s financial literacy courses are aimed at improving the understanding of various financial documents, various financial terms and their impact towards business planning. It is an apt platform that takes you through some of the important financial aspects of business thus helping you be a better participant and informed decision maker. Find out how!
Business is about managing money and people! While managing the latter is an art, managing the former aspect requires you to be adept at comprehending accounting statements, forecasting the inflow and outflow of the organizational revenue and so on so forth. A lot of business owners try and learn it with experience, but that could take time. Given the dynamic nature of business in the modern times, today businesses require quick decision-making and seek at least a firsthand understanding of various financial documents before stepping in as a businessman. With this in view, LBTC offers a practically useful course that helps business owners, non-accounting professionals, and managers from various verticals.
LBTC Financial Literacy Training | Financial Literacy Courses
Financial literacy is as important as the technical one, and this is where LBTC’s financial literacy courses prove to be a key factor upgrading managers to turn into informed and literate leaders. The course encompasses several relevant subject-matters that constitute the financial routines of any organization.
The Cash Budget: The need for managers to understand accounting, concepts of accounting, calculating gross profit and gross profit margin, and timings of receipts and payments.
Introduction to the Statement of Profit and Loss: Measuring profit, types of accounts, double-entry bookkeeping, trial balance, calculating the cost of sales, and capital versus revenue expenditure/ income.
Balancing the Basics: The statement of financial position, assets and liabilities, and accruals and prepayments
Accounting for Depreciation and Bad Debts: The straight-line method, reducing-balance method, bad and doubtful debts, disposal of non-current assets, and the uses and limitations of the financial position statement.
Company Finance: Venture capital, the stock exchange, nature of limited companies, retained profits, reporting requirements, and share capital
Company Accounts: Profit and loss statement, statement of financial position, statement of changes in equity, intangible assets, corporate governance, revaluing assets, and the statement of comprehensive income.
Cash Flow Statement: Cash flow sources, cash management, what to look for in a cash flow statement, tax, interest and dividends, movements in working capital, non-current assets and the statement of cash flows.
Interpreting Financial Statements: Ratio analysis, the pyramid of ratios, liquidity ratios, control of working capital, probability ratios, and the working capital cycle
Capital Structure and Investment Ratios: Investment ratios, capital structures, and limitations of ratio analysis
This 9-day course, costing GBP 3375 + VAT, is useful for businessmen and managers who wish to track and measure their organization’s growth in terms of its financial performance. Also, people who wish to upgrade their knowledgeto get acquainted with the various techniques of reading and understanding financial documents and applying them at work can opt for this course. The upcoming training session, the last one for this year, begins on the 4th of September continuing until the 14th of September.
Delegating tasks is certainly one facet of being a good manager, however, being completely ignorant towards the understanding part of other business verticals, isn’t really a prudent practice. Hence, this is the right time when you step out of your comfort zone and developing a strong level of financial literacy through LBTC’s financial literacy training.