Understanding the Finance

This session is an introduction to finance and to help explain the terminology used in balance sheets, P&L accounts and cash flow statements, on this two day Finance session.

At the end of the session you'll be able to:

• Explain commercial cash flow and the basic financial concepts
• Explain and interpret financial statements
• Compare broker financial dynamics with those of clients
• Differentiate between the concepts of liquidity, solvency and FCA capital adequacy
• Explain and use the key accounting and performance ratios
• Explain the process and techniques of budgeting and control
• Identify the key cost drivers that determine segment value and profitability

Our expert trainer in Finance will lead you through an interactive case study to fully understand the role finance plays in the modern-day brokerage.

• Cash flow, financial concepts and key terms
• Financial statements
• Key ratios and analysis
• The financial characteristics of insurance broking
• Budgeting basics