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Financial Development for Non-Financial Managers

London Corporate Training Ltd
Course summary
Length: 1 week
Location: London
Rating: (7 Reviews)
Course type: Open / Scheduled

Course description

Building and people - London Corporate Training

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

Management Accounting

  • 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.

Expenses

In-House Training

London Corporate Training offers the possibility of delivering this training programme in-house to meet any and all company-specific training needs.

About provider

London Corporate Training - Professional Training Courses

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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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

 Show phone number
www.lct.co.uk

Reviews

A Maijama’a, Confidential Secretary, Nigerian C...   |   13/02/2018
Training at LCT was well organised. The consultants delivered the training we required.
          (5)
Keith Antiwi- Danso, Recruitment and Placement,...   |   13/02/2018
For me all the consultants were competent and were on top of their topics. They were able to impart their knowledge, skills and abilities. LCT is a well organised centre.
          (5)
Uzoma Emelife, Head Legal, COMD, Nigerian Natio...   |   16/04/2012
Very refreshing and encouraging to be at LCT. The consultants were top class.
          (5)
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Reviews
Financial Development for Non-Financial Managers
Course rating
          (5.0)
Based on 7 reviews