Training: Financiën voor Niet-Financieel Professionals - Deel 2: Financiële overzichten en Kostenbeheersing

To maintain your company's finances, you need a strong knowledge of business finance. And to improve the financial well-being of your company, it's vital to understand key financial statements, such as the Income Statement, Cash Flow Statement, and Balance Sheet, as these will hint at problems and possible solutions. This course will give you an overview of these three statements. You'll also explore typical examples of financial statements, learn how each financial statement relates to the other, and discover what each one indicates about your company's financial position.

Financial analysis helps you understand your organization's business finance, as well as its strengths and weaknesses. This course explains finance for non-finance professional in easy-to-understand language, with a specific focus on financial statements. You'll learn about methods for analyzing financial statements from the perspective of a non-financial professional. You'll explore the concept of the Time Value of Money. You'll also examine how to use common financial ratios for profitability, efficiency, liquidity, and solvency, and study percentage calculations. Finally, you'll be introduced to vertical and horizontal analysis.

Workplace cost consciousness enables a company's financial success. Cost control is every team member's responsibility and requires planning and effort. In this course, you'll learn how employees can contribute to cost-control efforts by making cost changes, including to travel, supply, and facility costs.

Managing costs effectively is critical to the financial success of a business and can help you avoid painful cuts. Cost control is a team effort that requires careful cost management. In this course, you'll learn how to identify cost management opportunities, get your team involved in cost-control efforts, and use tools like cost splitting and Lean.