Whether you are communicating with a financial professional or navigating the intricacies of your own family budget, proper communication is a key component of success. Yet many people underestimate the importance of communication when it comes to financial situations. It’s easy to make the mistake of believing that finance is all about numbers and spreadsheets. The truth is, however, that successful financial decisions rely on understanding the proper vocabulary and concepts. Here, communication and finance go hand in hand. The common term for this is financial literacy. When you improve your financial literacy, you are improving your financial knowledge and abilities. For example, when you learn how to read a balance sheet, you can make a more informed analysis of the financial situation your company is facing. You are now able to articulate this information to other executives, managers and staff members, and this will help your organisation maintain a competitive edge. Effective financial communication requires you to become educated on specific business concepts. Some of these include: • Accounting. • Cash flow management. • Investment strategies. • Interpretation of financial documents. A structured approach is the best way to improve your ability to communicate in the language of finance. You begin by establishing a foundation in the vocabulary and basic concepts. After that you can move forward with specific case studies that are designed to reinforce your knowledge. There are so many benefits of learning how to communicate using financial information. This is an easy way to increase your value as an employee and also open yourself up to exciting career opportunities. Colour Accounting™ is our finance for non-finance people course. Learn more about how you will overcome your finance fears or fill in your finance knowledge gaps in one interactive and dynamic day.  ]]>