Accounting and Finance for Managers - Level 2

London Business Training & Consulting

Course summary

5 days

2,725 GBP excl. VAT

London

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Professional Training

Next available date: 19/10/2020 - London

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Course description

Accounting and Finance for Managers - Level 2

Upon completion of this course, you will be able to understand:

How to interpret a variance report and assess its implications for management intervention.
Behavioural aspects of budget management.
Strategies to prevent or remedy adverse behavioural aspects of budget management and to harness positive aspects.
Alternative views on performance management.
The importance of cash management to a business.
How to interpret a cash budget and identify potential problems.
How to formulate strategies for improving cash flow and liquidity.
Appropriate costing methods for pricing.
The potential impact of different competitive environments on pricing.
Appropriate pricing strategies to fit different markets and products/services.
The financial impact of an investment using traditional techniques.
The strengths and weaknesses of the above techniques.
The role of financial assessment within the wider strategic assessment of investment decisions.
The financial consequences of a range of decision-making situations.
The scope and limitations of the financial techniques applied.

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Suitability - Who should attend?

Managers who wish to improve their analytical skills and use accounting and finance tools for managerial advantage.
Those who wish to understand and use accounting knowledge for operational and management decision making.

Outcome / Qualification etc.

A Certificate of Attendance from London Business Training & Consulting is issued on course completion.

Training Course Content

Budgets and Performance Management

Responsibility centres
The controllability principle
Profit-related performance measurement
Standard costing and variance analysis
Performance management in investment centres
Non-financial performance indicators
The balanced scorecard
Performance measurement in not-for-profit organisations
External influences on performance

Cash Flow

How much cash does a business need?
Methods of establishing cash balances
Cash forecasting: the cash budget
Cash management: strategies for improving cash flow
Interpreting and analysing a cash-flow forecast

Pricing Decisions

The accountant’s perspective – costing and pricing
Absorption costing and full-cost-plus pricing
Marginal-cost-plus pricing
Activity-based costing (ABC) pricing
Life-cycle costing and pricing
The economist’s perspective
The marketer’s perspective
Combining the three perspectives: establishing an appropriate pricing strategy
Pricing strategies
Target pricing and target costing

Investment Decisions

Investment appraisal – the basics
Traditional evaluation techniques
Incorporating real-world complexities into investment appraisal
Investment appraisal within context
Taking a broader strategic view

Operational Decisions

Operational decision making
Cost-volume-profit analysis (CVP)
Relevant costing

Why choose London Business Training & Consulting

Management consultation service

Paperless service delivery model

Flexible open course schedule

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About provider

London Business Training & Consulting

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all over the world. Our vision is to meet the business and management...