Course Details

Manukau Institute of Technology

Manukau Institute of Technology Faculty of Business and Information Technology Manukau Campus Davies Avenue Manukau City

Full Day
8.30am to 4.30pm

Understanding financial statement is an often neglected skill among managers, but it is a vital one. Finance, financial statements analysis and financial reporting provide important insights into business performance, resource allocation and time management.

Ensure you have a grasp of these essential skills with practical one-day MIT Business Course Understand Financial Statements. Learn to read financial information, have the confidence to analyse and question data, and learn how to prepare an annual report – necessary tools for any manager.
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Who should attend?
SME owner/managers, managers in not-for-profits and larger organisations.

Outcomes
At the end of this MIT Business Course for SMEs you will:

Recognise the basic elements of financial statements
Confidently distinguish between four types of financial statements
Confidently examine and analyse financial data and formulas
Know how to analyse an annual report

Training Style
Presented by industry expert
Real-life case studies
Group discussion
Action planning for your business with in-class feedback
Post-course follow-up

Core Content
Basic Principles

Why do we need financial statements?
Who are the audiences and what are they looking for?
How do financial statements help businesses?
Financial Statements

Position statements - balance sheets
Income statements
Cash flow statements
Shareholders equity statements
Reading Financial Data

Common financial terms and figures
Common accounting equations
Analysis and interpretation techniques and tips
Using historical data to predict the future
Annual Reports

What are annual reports?
What are the key components?
Tips for reading annual reports
How an annual report is prepared

Ngaire Newland