This course equips managers with essential financial literacy skills to manage financial aspects effectively. From basic financial terminology to cash flow management, pricing strategies, tax obligations, and key financial reports, this course introduces critical financial concepts and practices that all managers should understand.
Our ready2manage titles focus on the specific skills required to manage operational functions. From strategic decision-making and performance optimisation to risk management and financial awareness, courses in this range target the evolving needs of aspiring to seasoned managers.
Gain insights into basic financial concepts, including income, expenses, costs, profit margin, and cash flow management, essential for effective financial management. Learn about pricing calculators, revenue analysis, bank reconciliation, tax obligations, and concessions. Explore recommendations for adapting financial literacy skills to dynamic business environments.
Topics include: Financial Literacy for Managers: Internal and External Requirements - Terminology - Income and Expenses - Expenses and Costs - Fixed and Variable Costs, and COGS - Profit Margin - Cash Flow - Positive and Negative Cash Flow - Income and Expenditure - Pricing Calculators - Revenue - Bank Reconciliation - Tax Obligations - Concessions and Allowances - Financial Literacy and Adaptability - Key Financial Reports - Recommendations.
