• The business cycle: how money flows within a business
• The profit and loss account and balance sheet
• Depreciation, capital and operating expenditure
• The 9 key ratios everyone should know

How organisations behave financially

• Cost behaviour: fixed and variable costs
• Sales and price behaviour
• Calculating contribution and break-even
• Absorbing and allocating costs

Business cases and cash flow

• Evaluating a business case
• Cash flow forecasts
• Discounted cash flow
• Net present value and internal rate of return

Successful budgeting

• How the corporate budget cycle works
• Preparing a budget
• Variance analysis
• Prioritising your response to financial information