Accounting & Financial Management Demystified

Would you like to learn how to assess your organisation’s financial health? Would you like to be able to easily interpret a balance sheet, profit or loss statement or cash flow statement? This course will explain all that and more … without using jargon or accountant-speak.

Key Skills

Course Summary

Course Outcomes

A clear understanding of organisational accounting processes
An ability to assess the financial position and performance of your organisation… and others
The knowledge you will need to introduce or enhance a risk management program
An understanding of what budgets are required and how to build them

Suitable For

Board and committee members
CEOs and senior managers
Divisional or departmental managers
Any person who wants a great introduction to organisational financial literacy and management

Course Overview

Would you like to learn how to assess your organisation’s financial health?

Would you like to be able to interpret a balance sheet easily; profit or loss statement; or cash flow statement?

This course will explain all that and more… without using jargon or accountant-speak

Topics Covered

Why financial literacy can give you a career boost!
A tour of your organisation’s annual accounts
The 3 major statements and what they tell us
The role of auditors
How to assess the financial health of your organisation
Why you should never 100% trust accounting software
The indicators of a financially robust organisation
How fraud happens and how to prevent it
Identifying and managing organisational risk
How to budget accurately and effectively
Financial reporting… who gets what?

Delivery Style

This course is conducted with an interactive and engaging style that incorporates a variety of teaching methods including:

Content presentation
Group discussion
Question and answer sessions
Learning activities

Course Facilitator

Peter Holdsworth – Facilitator

Peter Holdsworth has spent most of his professional career leading, managing and advising community service organisations so he has unique insights into what works and what doesn’t … particularly in the art of management. He has post-graduate qualifications in management, is a Fellow of the Australian Institute of Management, a graduate of the Australian Institute of Company Directors and is a Churchill Fellow. He also sits on the boards of four community service organisations. His presentations are practical, engaging and memorable!

Post-Course Support

Management resouces and course notes
Scheduled one-on-one mentoring session with management mentor
Access to management advisory support for six-months
Continued learning resources and programs at a discounted rate
Discounted management 360-Degree feedback survey

Frequently Asked Questions

Is this financial literacy course suitable for on-site training?

Yes, this course is designed to be delivered through training sessions, either on-site or live online. It provides participants with a comprehensive understanding of organisational accounting processes, financial assessment techniques, risk management principles, and budgeting strategies relevant to their specific organisational context.

Will I gain a clear understanding of organisational accounting processes through this course?

Absolutely. This course focuses on providing participants with a clear understanding of organisational accounting processes, including financial statements, budgeting, cost analysis, and financial reporting. You'll learn key concepts and practical skills necessary for effective financial management within your organisation.

Can I expect to learn how to assess the financial position and performance of my organisation and others?

Yes, one of the key outcomes of this course is to equip participants with the ability to assess the financial position and performance of their organisation, as well as other entities. You'll learn financial analysis techniques, ratio analysis, and benchmarking methods to make informed financial decisions and evaluate performance effectively.

Does the course cover risk management principles and budgeting strategies?

Absolutely. The course provides the knowledge and tools needed to introduce or enhance a risk management program within your organisation. You'll also learn about budgeting requirements, how to build budgets effectively, and strategies for budget management to ensure financial stability and growth.

Why is financial literacy important for career advancement?

Financial literacy can give you a significant career boost by equipping you with essential skills and knowledge about financial concepts, statements, and analysis. Employers value employees who can understand and interpret financial information, make informed decisions, and contribute effectively to organisational success.

Can this course help me understand the role of auditors and assess the financial health of my organisation?

Yes, this course provides insights into the role of auditors in examining financial statements for accuracy and compliance. Additionally, you'll learn how to assess the financial health of your organisation by understanding the major statements (income statement, balance sheet, and cash flow statement) and interpreting key financial ratios and indicators.

Why is it important to understand financial reporting and budgeting accurately?

Understanding financial reporting helps you comprehend who receives financial information and why it's essential for stakeholders. Moreover, accurate budgeting is crucial for financial planning, resource allocation, and achieving organisational goals. This course will cover budgeting techniques, financial reporting principles, and strategies to prevent fraud and manage organisational risk effectively.

eLearning Course Option

To register for this course as an individual, check out the online options available.

In-House Course Quote

We can conduct any of courses specifically for a group of staff at your premises. This may prove to be cost-effective and, of course, we can tailor our programs to meet the specific requirements of your organisation and participants.