
Business Calculations Simplified (Financial
Literacy).
David Zidel facilitates a 2day course on
Basic Business Calculations; this course is aimed at everyone in
a company who deals with numbers, from secretaries to middle management
to heads of departments, and do not feel completely at ease when
asked to analyse a set of figures.
David has chosen seven areas in
which to illustrate how easy business calculations are, and how
to perform each calculation.
1. Business Graphs and Charts
The reasons for using graphs are
discussed, with an explanation of the three main types of business
graphs. Misleading graphs are explained what they are and how they
mislead the reader.
2. Percentages and Ratios
An explanation of ratios and percentages
is provided. The conversion between decimals and percentages is
explained. The reader is shown how to perform numerous calculations,
including Markup as a percentage of costs, the percentage increase
and the discount percentage and many other calculations.
3. The Stock Exchange Share Prices
The reader is shown how to understand the
share price page in the newspaper. Basic concepts, such as, P:E
ratio, bull and bear markets are explained. The reader is then taught
to calculate the growth in shares and how to construct and evaluate
a share portfolio.
4. Introduction to Statistics
This section explains in simple terms what
the mean (average), median, and mode are, and how to calculate them
for both grouped and ungrouped data.
5. Breakeven Analysis
This section illustrates the elements of
breakeven analysis. Readers are shown how to calculate the breakeven
point both numerically and graphically. The reader will learn how
to calculate the margin of safety after calculating the breakeven
point.
6. Project Evaluation Methods
This section shows various methods that
can be used to evaluate the financial viability of a project. Ranging
from payback periods to discounted cash flows.
7. Management Account Analysis
This chapter focuses on highlighting the
differences between managerial and financial accounting. It highlights
the basic elements of financial accounting and provides a list of
the financial ratios in common usage. It also shows a 4level method
to use in the analysis of Financial and Managerial accounts.
The feedback from these courses
has been fantastic. The encouragement from the students and David's growing
awareness with each course of the great need for this information
within companies is what prompted him to write the book.
Some of the comments on the course
are included here:
 "Excellent teacher, learnt a fortune"
 "Interesting course, Gave me a chance
to use forgotten skills"
 "I was never very good at Maths
in school, this helped tremendously"
 'Excellent course"
 "You took my maths fear away thanks"
 "He even has the ability to cater
for people who are completely negative to figures"
 "I wish I had done this course years
ago"
 'Everyone in my company should do this
course"
 "I'm sure this will help me perform
better at work"
 "At last, I will be able to analyse
the figures at work, and be confident that they are correct"
