Description

What is the final purpose of your work? Contributing to your company’s durability, and making sure it is sufficiently profitable. In the end, where does your performance come into it? In the company’s summary accounts, balance sheet and income statement. Giving consideration to the financial aspect of your work thus implies being able to read and analyse these reports. Just as speaking English is unavoidable in today’s business world, knowledge of the financial language is essential for every company employee. This course will help you become familiar with financial reasoning, and better understand your management’s decisions and their impact on your own actions. It will also help you answer the following two questions: why does your management set you a given target? What will be the impact of a given decision on your behalf?

After this course, you will be able to:
• Identify the key components of the balance sheet
• Make a quick analysis of an income statement and a balance sheet
• Identify the minimum level of activity required for the entity in which you work in the light of its costs
• Evaluate the economic and financial situation of your entity at any given moment in time

The benefits of this course for you and your company:
• You will be able to evaluate your entity’s performance
• You will understand the reason behind the efforts asked of you in terms of performance
• You will be able to converse with your company’s accounting and financial departments

Outline

Learning plan
Reading the company’s summary reports
• The components of the balance sheet
• The components of the income statement
• The links between the two reports

Knowing the various financial parameters of the entity in which you work
• Analysing how profit/loss is made
• Determining the minimum level of activity to deliver
• Analysing the activity’s finance requirements

Responding appropriately to your entity’s economic and financial situation
• What conclusions should you draw from your entity’s profit/loss?
• What requirements must it finance?
• What drives the decisions made by your management?
• What is the financial impact of your decisions?

Additional Info

Languages

English, French

Course Length

40.00 hours

Duration of Access

3 months

Instructor

Prerequisites/Audience

This course is intended for:
• Any employee wanting to understand the economic and financial aspect of their work, and how the company’s financing operates
• Any employee seeking to position their work and their entity in a global framework

Requirements/Materials Included