Advanced Accounting and Budgeting for ManagersLondon Corporate Training Ltd
Advanced Accounting and Budgeting for Managers
All available course dates
Outcome / Qualification etc.
Participants will leave the course with greater knowledge in many areas of finance
Training Course Content
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
- 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
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
Why choose London Corporate Training Ltd
We have trained over 2,500 delegates from almost 600 client organisations
Complimentary Heathrow transfer (one-way)
Endorsed by various organisational and subject specific accrediting bodies
Please contact us for more information on pricing.
London Corporate Training (LCT)
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...
Find out more about this Advanced Accounting and Budgeting for Managers course - simply fill out your details:
There are no reviews available yet.
Corporate Training for Teams