Financial Essentials

Wouldn’t it be great if you could pinpoint the exact financial position of your business and where it is headed over the next few months. We are not talking about preparing a full set of accounts each week but the vital techniques that every successful business needs to: allow them to unlock the 6 key profit centres in your business, know exactly where the hard earned dollars have gone, utilise the best practice reporting structures and effectively use business ratios that are worth looking out for.


» Course Outline

Understanding Financial Management
        Manage expenses
        Maximise profitability
        Manage working capital
        Strategically grow your business
        Definitions of the key financial terms; (net profit, return on investment, cash flow, variable expenses, cost of goods sold, materials cost, activity costs and fixed expenses)
        Profit improvement potential
        Cost behaviour and activity based costing
        Wrong performance measures commonly used in business
        Gross margin analysis; (product profitably analysis, customer profitability analysis)
        Cost volume-profit analysis 
        Productivity analysis; (business critical success factors, key performance indicators, customer relevant output)
        The productive capacity of a business;
        The management and control of working capital; (cash flow cycle, basic principles of working capital management, key ratios used to monitor working capital, working capital management and business strategy)
        Financing the growth of your business; (strategic implications of growing your business, projecting and monitoring the performance of your business, alternative scenarios)


» Prerequisites
None

» Assessment
On completion of this course, attendees will be provided with a Certificate of Participation.

» Duration
1 Day - 9:00am to 4:00pm.

» Cost
$349.00 (Inc GST) per person - Attend this course and Taxation Strategies for only $599.00!

» Dates
Please click on your state to view the current dates - WA, NSW & ACT, VIC, QLD, NT, SA.

» Registration
To register for this course please click here.

» More Infomation
If you require more infomation please don't hesitate to contact us.