Does your job include understanding, analysing and reporting financial information, but you don’t have an accounting background? Do you want to better understand the drivers of your organisation’s financial performance? This is the first workshop of a three-part series of trainings for office managers, business executives, and other non-accountants who need to know their numbers.
In this particular session, you will be introduced to the balance sheet, the profit and loss account, and the flow of money. You will learn how to apply these and other essential accounting concepts in your own work context so that you start speaking the language of finance.
These seminars are highly relevant in this increasingly multi-tasking world and are targeted at those with a moderate to lower level of financial knowledge.
What you will learn:
- Understand a balance sheet and profit and loss account
- Analyse and understand financial information
- Understand the flow of money
- Participate fully in making business decisions
- Understand what your accountant is telling you
- Identify the drivers of financial performance
- Contribute to the success of your business
- Update your existing knowledge and start speaking the language of finance
You should attend if you are:
- A non-finance professional who needs to understand business finance
- Responsible for the results
- Signing the annual accounts and/or the tax return
- Inputing the basic accounting documents into a programme or spreadsheet
- Dealing with VAT and tax impact
- Preparing financial reports
This is the first of three workshops offering the practical knowledge and tips to make your accounting and reporting easier and more effective. There are more important differences in the accounting, VAT and tax aspects of operating an NGO or a commercial business, which is why the Practical Aspects have been split into separate sessions. To read more and register for the other sessions in this series, please click here for Practical Concepts for NGOs on 2 June and here for Practical Concepts for Businesses on 4 June, respectively.