Using management information to improve financial performance

Our response is a workshop designed in partnership with finance and other line managers to empower non-financial specialists and increase their confidence in using financial information.

The precise course content varies according to the nature of the organisation but typical content includes:

• Understanding period performance statements
  - profit and loss account
  - balance sheet
• Understanding organisation-specific terminology
  - gross contribution
  - contribution after administration and sales expenses
  - EBITDA etc
• Carrying out standard costing and variance analysis
  - standard costs
  - variances
  - price
  - volume
  - mix
• Interpreting and responding to variances
• Identifying levers to improve financial performance
• The opportunity to quiz a management accountant.