Managing Finances will provide you with an understanding of financial management and financial statements, and equip you with the ability to interpret and report on laboratory financials and plan for your lab's future profitability. [Included in the Lab Management Online course]
This module introduces the framework that make ups the financial function. Components of this framework such as the the value of financial management, drivers that shape the implementation of financial activities and roles within the financial function will be discussed in this module.
This module unpacks the accounting elements and describes the recording of transactions in the accounting system.
This module focused on the reporting function of accounting which deals with the creation of financial statements. The balance sheets and cash flow statement were described.
Financial statements are the core financial documents in an organisation, and provide different views on the company’s finances. This module describes the third type of financial statement, namely the income statement.
This module defines the terms associated with budgeting and describes the process of setting a budget.
This module discusses cost control and the ways and strategies that companies use to manage their cost drivers.
This module focuses on how decision-making is supported. Aspects such as enterprise resource planning systems, analysing budget variances and identifying opportunities for improvement in the budgeting process will be discussed.