Business and commercial

Understanding company finances; a guide to financial reports and how to read them

Whatever your role, you will be more effective if you are aware of how your actions and decisions affect financial performance. And, if you are able to talk the language of finance, your ideas and suggestions are likely to be given greater weight.

1 hour

Members: £0 + VAT
Non-members: £0 + VAT
Free Webinar

Summary

Whatever your role, you will be more effective if you are aware of how your actions and decisions affect financial performance. And, if you are able to talk the language of finance, your ideas and suggestions are likely to be given greater weight.

This webinar will introduce you to the main financial statements:

  • profit and Loss
  • balance sheet
  • cash flow

We will explore how they are created, the key components of each and how they are used in some of the key financial indicators (KFIs) such as Return on Investment (ROI).

To link financial performance to business decisions, a spreadsheet model will be used. You will be able to see, for instance, what impact a delay in receiving payment from customers has on cash flow or how overall profitability is affected by changes in price and marketing approaches.

We will also consider what the financial statements don’t show us and how they can mislead managers.

Register for this webinar by clicking here.

Who should attend?

Our webinar is designed to appeal to new managers, aspiring managers and those with experience. 

How will I benefit?

This webinar will provide you with extra confidence in making decisions which create value for your organisation while showing others that your technical expertise is complemented by commercial awareness. 

Contributes 1 CPD hour

Key topics

  • profit and Loss
  • balance sheet
  • cash flow

In-house and bespoke training

Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
Contact our advisors if you need help finding the most appropriate training for your team.

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At a glance

  • Duration:
    1 hour
  • CPD Hours:
    1

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Some of the companies we've worked with

  • Alten
  • AMH Material Handling
  • Avara Foods
  • bmt
  • Bombardier
  • Bombardier
  • Gas Networks Ireland
  • International Nuclear Services
  • JCB
  • Martin Baker
  • National Composited Centre
  • Network Rail
  • Smurfit Kappa
  • sse

Our training acumen

  • Over 25 years experience of delivering training
  • Designed by engineers for engineers
  • Seven locations across the UK
  • Tailored courses for your team, anywhere in the world
  • You come to us or we come to you
  • Online tools to improve the experience

Average customer rating:

4.75 out of 5

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Get in touch if you need help finding the right course, or qualification, for you or your team.

Terms & conditions of booking IMechE training