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Financial Development for Non-Financial Managers

Course Information:

Venue:Duration:Date:Price:
Online £1,750.00 12 hrsFlexible
In-House Agreed with client FlexiblePOA
London 5 days 02-May£3,500.00
London 5 days 22-Aug£3,500.00
London 5 days 5-Dec3500

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    Who should attend?

      Those for whom finance is part of their responsibility and need a greater understanding of finance. They will be from all sectors, including private, public and not-for-profit including:

      • Those who are non-specialists in finance
      • Budget holders who are responsible for creating and managing their department’s budgets
      • Operations managers who want to know more about cost management and projects
      • Senior sales and marketing employees who have to understand financial statements
      • Senior managers who require greater financial literacy skills
      • Managers facing financial decisions or expect to make a contribution to a wider planning process

    Accreditations

    Outcomes

      • Interpret and apply financial information in a business environment
      • Put together a budget to justify expected expenditure
      • Develop skills in interpreting financial statements and calculating selected key ratios
      • Measure budgetary performance
      • Conduct effective investment appraisals

    COURSE TOPICS:

    Key Financial Concepts and Principles

      • Bookkeeping versus accounting
      • Cash accounting versus accrual accounting and use in private and public sectors
      • Types of accounts in the General Ledger, their purpose and the chart of accounts
      • Double-entry bookkeeping concepts and implications
      • Depreciation and amortisation

    Reading Financial Statements, Public and Private Sector

      • International standards in the private and public sectors, IFRS and IPSAS
      • Format and content of the statement of financial position (balance sheet)
      • Format and content of the statement of profit or loss
      • IPSAS principles of financial statements presentation for the public sector
      • Investor ratios

    Management Accounting

      • Financial accounting and management accounting compared
      • Types of management information prepared for internal consumption
      • Financial information managers need to manage – the power of comparisons
      • Analysing costs, key ratio calculations for management and variance analysis, including ROE, ROA and liquidity ratios

    Managing the Finances and Costs of Projects

      • Financial aspects of building the business case and getting approval for funding
      • Estimating project costs – different estimating techniques, expert, analogous, parametric, bottom up etc
      • Project forecasts, cost variances and cost control
      • Project risks and financial implications

    Building an Effective Budget

      • Public sector v. Private sector budgeting differences in purpose, processes and motive
      • Budgetary methodologies, incremental and zero-based
      • Budget and variance analysis
      • End of week quiz to appraise learning achieved





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