  Demystifying Finance
One day 
Financial Management Development Program Do terms like “gross margin” “break-even” “P&L” and “accrual” send you ducking for cover? While being experts in their own field, many managers avoid the financial aspects of their role due to a perceived lack of understanding. Yet having a grasp of the finances is a vital function of management at every level. Learn what the jargon means, how to crunch the numbers and how to read the reports and dazzle your colleagues at the next budget meeting! Who Should Attend: Non-finance managers in any industry Objectives: By the end of this workshop you will be able to: - Understand where the figures on the Profit & Loss Statement and Balance Sheet come from and what they mean.
- Calculate the gross profit, gross margin, cost of sales and break-even point of your product or service.
- Speak knowledgably on the impact of holding too much inventory, the cash flow consequences of credit and the tax implications of income and expense recognition.
- Tackle your departmental budget with confidence.
Content: - The Profit & Loss Statement
- Cash payments and receipts
- Expenses v Assets
- Cost of Sales
- Contribution margin and break-even point
- Accruals
- The Impact of Credit
- Depreciation
- Dividends
- Debits and Credits
- The Balance Sheet
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