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Reporting and Budgeting – Level 1

Course Information:

Venue:Duration:Date:Price:
Online £1,750.00 12 hrsFlexible
In-House Agreed with client FlexiblePOA
London 5 days 11-Apr£3,500.00
London 5 days 22-Aug£3,500.00
London 5 days 21-Nov£3,500.00

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    Who should attend?

      Managers and executives from all sectors who input into strategic and financial planning for their organisation, including those:

    • Newly appointed into a strategic planning role
    • Treasury department managers who wish to increase the strategic role of the treasury function
    • Financial planning practitioners who want to update their skills
    • Managers who want to review their organisation’s performance
    • Budget holders who want to identify trends in expenditure
    • Operations managers who want to know more about how they compare with competitors
    • Senior managers who require greater financial literacy skills
    • Managers facing financial decisions or contribute to a wider planning process

    Accreditations

    Outcomes

    • Go beyond the description of financial performance to calculate and interpret key information
    • Interpret trends shown in each financial statement
    • Comment on their own and competitor’s liquidity, efficiency and funding
    • Assess the influential role of all stakeholders
    • Develop a business funding policy to manage financial risk
    • Evaluate the growing influence of corporate finance on strategy
    • Exploit the growing strategic role in developing competitive advantage

    COURSE TOPICS:

    Interpreting Financial Statements

    • The income statement (P & L) statement, format, content and key concepts
    • Interpretation of key ratios derived from the income statement; P/E ratio, Profit margin
    • The language and major components of the balance sheet
    • Business ratios derived from the balance sheet and P & L together, liquidity, debt, profitability etc

    Investment Appraisal

    • Defining the value generated and the required return – the hurdle rate
    • Return on capital employed – calculation methodology and interpretation
    • Payback period calculations
    • NPV and IRR calculations
    • Non-financial aspects of investment appraisal and decision making

    Essential Budgeting Process

    • Purpose and benefits, problems and limitations of capital and operational budgets and the important differences
    • Budget processes in the private sector
    • Budget processes in the public sector
    • Identification of risks to the budget and actions to mitigate them

    Measuring Financial Statements

    • What is financial performance?
    • Financial performance in the public sector
    • The importance of cash flow – how to measure and improve it
    • Gross profit, operating profit, net profit margin
    • Key performance ratios






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