The financials of a business tell the most inspiring and convincing story and that builds the lifeline of a business. A clear and thorough understanding of the business story told through the numbers removes much of the guesswork in the decision-making process. While for many, this definition can be foundational knowledge, many entrepreneurs have yet to accept the powerful story inside the financials of the organisation.
This course outlines 10 numbers every business owner should know, where we will look at figures that relate to liquidity, profitability, solvency, debt and what they mean for a business. These numbers are valuable for you in your own business. You can compare the results you get now with what you got last year at the same time, compare the statistics with your rivals, you can compare the results with the market benchmark and averages, and you can even set goals/targets for yourself and determine whether or not you are meeting those goals.
What will I learn?
- Learn the 10 Numbers That Will Help You To Manage And Operate A More Effective Business
- Understand Various Liquidity Ratios
- Understand Various Profitability Ratios
- Understand Various Business Operation Efficiency Ratios
- Who is it for?
- Method of Assessment
- Entry Requirements
- Career Path
This course would be useful for business owners or managers
In order to complete the course successfully, learners will take an online assessment. This online test is marked automatically, so you will receive an instant grade and know whether you have passed the course.
Upon the successful completion of the course, you will be awarded the ‘Ten Numbers’ certificate accredited by CPD.
- Learners should be over the age of 16 and have a basic understanding of English, ICT and numeracy.
- A sound educational background is recommended
Once you successfully complete the course, you will gain an accredited qualification that will prove your skills and expertise in the subject matter. With this qualification, you can further expand your knowledge by studying related courses on this subject, or you can go onto getting a promotion or salary increment in your current job role. Below given are a few of the jobs this certificate will help you in, along with the average UK salary per annum according to http://payscale.com/
- Finance Manager - Up to £115k per annum
- Accounting Manager - Up to £80k per annum
- Account Executive - Up to £73k per annum
|Profit And Loss Account|
|2.1 Explaining the PNL||00:04:00|
|3.1 Explaining the BS||00:06:00|
|10 Numbers You Need To Know|
|4.1 10 numbers you need to know – Master class|
|4.2 Numbers 1-3||00:06:00|
|4.3 Numbers 4-6||00:10:00|
|4.4 Numbers 7-8||00:07:00|
|4.5 Numbers 9-10||00:09:00|