Responsible Finance - Reskill and Recover
Host: University of Derby
Cost: FREE
Dates:
Responsible Finance - Reskill and Recover |
Monday, 4th December 2023 at 9:15am - 12:45pm
Location: Online |
|
Responsible Finance - Reskill and Recover |
Wednesday, 6th December 2023 at 9:15am - 12:45pm
Location: Online |
Financial management helps a participant to determine what money their business needs to spend as well as where and when it should be spent. It also gives employees an overall view of the financial status of the business, helping to determine business strategy and direction.
In this unit, you will cover
An introduction to financial management and consideration of the difference between financial accounting and management accounting, key financial statements and understanding how to make sense of them
Discover the difference between maximising profit and building wealth/value in an organisation - how to be responsible
Explore pricing strategies and how we must understand our cost base and how costs behave to ensure that we maintain profitability and sustain our operation
Examine the importance of cash flow management. We will consider the use of financial ratios to see how the financial statements can be pulled together to provide insights into our performance that are otherwise less visible to us
Look at the importance of developing our understanding of problem-solving, cause-and-effect analysis and the fusion of financial and non-financial information
Review a number of strategic management accounting techniques that pull together all the threads that will drive the opportunity to help with making our businesses sustainable and profitable
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