Accounting and Budgeting for ManagersLondon Corporate Training Ltd
Accounting and Budgeting for Managers - In-House
This in-house programme from London Corporate Training will enable new or existing managers to be able to interpret and apply financial information in a business environment. They can expect to learn the following skills:
- How to put together a budget enabling you to justify expected expenditure
- Develop skills relating to interpreting financial statements and calculating selected key ratios
- Measure budgetary performance
- Learn skills for conducting effective investment appraisals
Suitability - Who should attend?
This is a course for those for whom finance is part of their responsibility and who need a greater understanding of finance. They can 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
Outcome / Qualification etc.
Participants will leave this course with a much greater understanding the financial aspects of their job
Training Course Content
Concepts and Principles
- Financial accounting and management accounting – the differences
- Cash and accrual accounting compared and when they are used
- International accounting standards – formats and content
- The distinctive character of public sector accounting and budgeting
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.
- 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 Processes
- 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 Performance
- 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 investor ratios
The cost of this in-house varies based on number of participants, location and other factors. Request information for a training quote
London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...
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