Finance plays a crucial role in organisations of all sizes whether it be measuring the profit and loss of a product or division, making investment decisions, or determining the health of your organisation now and in the future.
As a manager, it is important that you have a fundamental understanding of financial management so you can interpret financial data, challenge your accounting team, and make business-critical decisions.
This two-day course has been specifically designed to give you a comprehensive understanding of financial management within the (bio) pharmaceutical industry. Over two days you will examine the key financial statements, discuss ratio analysis, examine costs, review budgeting, and discuss project appraisal tools. Once completed you will have the skills and knowledge to understand financial management within the (bio)pharmaceutical industry.
What will you learn?
Key terms and Concepts
Demystify accounting terms and concepts
Building Financial Knowledge
Build financial knowledge to challenge, contribute and discuss financial management and decisions.
Analyse Financial Results
Interpret and critically analyse financial results more effectively and efficiently
Financial Decision-making Method
Select and use appropriate financial decision-making methods
Understand the crucial aspects of an organisation's working capital
IRR and NPV
Understand and work with the concepts of time value of money with a strong focus on Internal Rate of Return (IRR) and Net Present Value (NPV)
Cash Flow Statement
Learn how to interpret a cash flow statement to determine the reasons for a company’s positive or negative cash flow
Project Appraisal Techniques
Learn to apply project appraisal techniques to support you in decision making
Who is this course for?
This course is aimed at non-financial managers such as middle/senior management who are responsible for budgets, investment decisions and company strategy and who would benefit from having a deeper understanding of finance.
Engaging in Continuing Professional Development ensures that both academic and practical qualifications do not become out-dated or obsolete; allowing individuals to continually ‘up skill’ or ‘re-skill’ themselves, regardless of occupation, age or educational level. This course has been assessed and is CPD certified.