This 90-minute virtual session looks at key aspects of financial accounting and the impact of decisions on business results. It covers the difference between capital expenditure and operating expenditure, how to perform cost appraisals, the calculation of depreciation and the importance of working capital. Through the knowledge gained on this session, you will improve your confidence during important financial discussions.
This short session is a good follow on from the first in the series of ‘Finance for Non-Financial Managers’ espressos. Otherwise, a good base knowledge of the financial statements, their structure and terminology are required for attendance on this session. It is suitable for managers who need a better understanding of the impact of key business decisions on the financial results.
By the end of this session, you will be able to:
- Demystify the rules of capital expenditure vs operational expenditure in order to understand the decisions made by the business and the impact on results.
- Perform cost appraisal calculations to justify investment and support business cases.
- Explain the importance of depreciation and its impact on performance.
- Identify the key components in the working capital cycle and how it can be optimised in the business to reduce risk and improve cash flow.