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Reporting and Budgeting – Level 2

Course Information:

Venue:Duration:Date:Price:
Online £1,750.00 12 hrsFlexible
In-House Agreed with client FlexiblePOA
London 5 days 18-Apr£3,500.00
London 5 days 29-Aug£3,500.00
London 5 days 28-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:

    Key Financial Concepts and Principles Covered in Level 1 Course

    • Comparison of cash and accrual accounting
    • Main features of IFRS and IPSAS
    • The key statements according to IFRS and IPSAS
    • Overview of the budget processes in public and private sector
    • Assessing financial performance

    Management Accounting

    • Types of management information prepared for internal consumption
    • Financial information managers need in order to be able to manage – the power of comparisons
    • Historical revenues and profits, cost trends, product profit margins, receivables information, budget comparisons, break-even analysis and contribution margin analysis

    Managing the Costs and Finances of Projects

    • The stages of project management – PMBOK® Guide and Prince 2 compared
    • Building the Business case and getting approval for funding
    • Estimating project costs – expert, analogous parametric, bottom up estimating etc
    • Understanding Gantt charts
    • Project forecasts
    • Project risks and financial implications

    Building an Effective Budget

    • Public Sector context of financial management
    • Public budgeting seen through four perspectives – political, economists, accountants, managers
    • Approaches to budgeting including; line item budgeting, program budgeting, zero-based budgeting, priority-based budgeting
    • Three pre-requisites for budget preparation
    • Medium Term Expenditure Frameworks – aligning budgets

    Investment and Risk

    • Building an investment portfolio – key questions – WHY are we investing, REQUIRED RETURN, WHAT do we invest in, WHEN do we invest, WHERE do we invest
    • Five key stages – risk preference, asset classes, amount to invest in each class, choose investments, monitor and rebalance
    • Fundamental and Technical analysis techniques
    • Identification and mitigation of key risks





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