Cardiff Management & Languages Academy

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MANAGING FINANCE

Executives at all levels, particularly those in roles where it is vital that they have an understanding of the financial implications of decisions but finance is not a core skill. It will be valuable to those with some financial knowledge who wish to update it.

It is about helping you to understand the language and arts of the financial department.   Why?  In order to make better business decisions we need to be able to interpret accounts and manage budgets closely.

.   Assessing Financial Health.
.   Learning to identify the critical factors affecting the performance of your business.
.   Linking Financial Targets and Business Objectives
.   Understand the linkages between financial targets and business objectives and how they can improve your strategy for growth.
.   Financing Growth.
.   Valuation, Capital Budgeting Decisions and Cost of Capital Review Net Present Value (NPV) and Internal Rate of Return (IRR) calculations - the two key tools for valuing projects and businesses.
.   Develop methods of evaluating business units and companies by identifying the key value drivers at work.

.   Read and interpret financial statements.
.   Use practical ratios and financial tools to assess performance.
.   Participate knowledgeably in budget preparation.
.   Control operations through effective budget management.
.   Explain the importance of liquidity management.