Description
Every manager needs to be financially-savvy to ensure they are making the best decisions within their department. This includes understanding and managing budgets, financial reports and business plans. You need to be able to understand and communicate the financial performance of your department and understand how the decisions that you make impact the bottom line. When you understand accounting and finance, you are in a better position to recognize opportunities for managing costs and contributing to the profitability of the organization.
What You Will Learn:
- Accounting and Finance Basics
- Understanding the Accounting Cycle
- Reading and Understanding Balance Sheets, Income Statements, Profit & Loss and Cash Flow Statements
- Cost Accounting
- Fixed vs Variable Costs
- Understanding Payable and Receivables
- Budgeting Basics
- Using Financial Tools to Make Better Business Decisions
