Centre for Continuing Education (CCE), University of Sydney
This course empowers non-financial managers and other professionals with essential financial literacy and decision-making skills. By providing a comprehensive understanding of financial concepts, budgeting techniques, and analytical tools, participants will be better equipped to contribute to their organisation's financial success. Ultimately, this knowledge will enhance their ability to make informed, strategic decisions that positively impact their departments and the overall business.
This one-day course provides an introduction to the concepts underlying external financial accounting and internal management accounting. You will be introduced to the skills necessary to prepare, interpret and analyse financial statements, including balance sheet, profit and loss statements. You will gain an insight into how your business decisions impact the financial reports of your company. We will also cover budgeting, costing and key performance indicators, and clarify the often misunderstood area of accrual accounting.
AIMS
This course should enable you to:
OUTCOMES
By the end of this course, you should be able to:
CONTENT
Financial terminology and concepts
The basis for accrual accounting
Financial management of assets
Financial statements
Financial forecasting
Budgeting
Calculating and acting on variances
Suitable for managers, team leaders, board members or individuals from a non-financial background who wish to develop their competencies for understanding their organisations' financial statements and structures.
Course examples will be provided to cater for attendees from all sectors – commercial, not-for-profit and government – indeed the course is designed to meet the needs of anyone who needs to interpret financial data in a work or board setting to assist with their decision-making.
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