Many managers and executives have heard that ‘accounting is the language of business;’ yet have
not taken the opportunity to become basically literate. This course offers the accounting language in
a structured process. Participants will gain access to the language in a variety of exercises that
eventually link to the Annual Reports and to the budgets prepared and managed by the executives.
No preparation is necessary except to bring an open mind and a budget document or other financial
documents of interest.
By combining techniques, analysis, problems, and examples with real case studies the course
provides delegates with key cost awareness and budgetary skills, which is essential in managing and
controlling processes/projects in times of increasing global competition where the budgets are
inextricably linked with both strategy formulation and cost analysis. This course not only presents
the key financial tools generally used but also explains the broader context of how and where they
are applied to obtain meaningful answers. It provides a conceptual backdrop both for the
financial/economic dimensions of systematic business management and for understanding the
nature of financial statements, analyzing data, planning, and controlling.