Financial Awareness for Supervisors

Introduction

Supervisors and first line Managers are increasingly required to achieve more cost effective utilization of plant, equipment and people. Invariably, their achievement of these objectives requires a broader understanding of financial accounting procedures in order to adequately appreciate the effect of their performance on the profitability of their company.

Aims and Objectives

This one day development workshop provides delegates with clear working knowledge of financial issues as they apply to first line management and gives useful guidance on resource management and utilization.

The Course Covers

• The function of Financial Accounts
• Basic Accounting terms and concepts
• How profit is calculated
• How cash flow problems arise and affect the company
• The effect of stock on profit and cash flow
• How a balance sheet is compiled
• The true cost of under utilized resources

Who Should Attend

Supervisors and first line Managers who require an appreciation of finance in their workplace and an understanding of how they can influence an improvement in their company's financial results.

Course Duration

One day

Certification

Certificate of Attendance