Financial Development for Non-Financial Managers - 1-week Programme
This comprehensive Financial Training course enables non-financial managers to understand and build effective budgets and costings.
The training course is delivered in one comprehensive week, and the course agenda is designed to provide participants with a detailed picture of the balance sheet, profit & loss, cash flow statements.
In addition, the course covers both the key financial principles and crucially enables delegates to understand and build each financial tool via fully supported practical sessions within a safe environment.
Suitability - Who should attend?
This course is suitable for professionals from all sectors for whom finance is not a fundamental part of their responsibility, but who will benefit from more financial understanding. This includes:
- New managers or managers wanting a refresher
- Budget holders who want to create and manage their budgets more effectively
- Operations managers who want to know more about cost management and projects
- Sales and marketing employees who want to understand financial statements
- Anyone who needs to understand key accounting concepts, and improve forecasting and cost management skills
- Managers who are about to be promoted into positions which require financial literacy
- Managers facing financial decisions or expect to make a contribution to a wider planning process.
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.
London Corporate Training offers the possibility of delivering this training programme in-house to meet any and all company-specific training needs.
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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