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This workshop sets out to develop delegates understanding of financial matters in order to approach their day-to-day work with an increased appreciation and use of financial information, building on the contents of the Cost Awareness and Control workshop.

Participants will obtain an overview of business finance and understand the essential requirements of financial reports, including Balance Sheets and Profit and Loss Accounts.

• Definitions & Terminology
• Interpreting financial information and how to use this information in practice
• The Accounting Equation
• The Value of Assets and Money
• Financial Documents
• The Double Entry System
• The Difference between Financial Accounting & Management Accounting
• Managing Targets & Budgets
• Break Even Analysis
• Costing & Overheads

This workshop will be suitable for those who have attended the one-day workshop on Cost Awareness and Control. It will benefit those who are about to undertake areas of work where the use of financial information is essential to the success of that role.