Corporate Training for Teams
5.0 (1 Reviews)

Accounting and Budgeting for Managers

LCT International, Online (+1 locations)
Length
1 week
Next course start
Enquire for more information (+2 start dates)
Course delivery
In Company, Virtual Classroom
Length
1 week
Next course start
Enquire for more information (+2 start dates)
Course delivery
In Company, Virtual Classroom
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Course description

Accounting and Budgeting for Managers

Upcoming start dates

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  • In Company
  • Worldwide

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  • Virtual Classroom
  • Online

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.

Investment Appraisal

  • 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 LCT International

We have trained over 25,000 delegates from almost 500 client organisations

Highly qualified and experienced trainers who offer a unique learning experience tailored to you

Endorsed by various organisational and subject specific accrediting bodies

Reviews

Average rating 5

Based on 1 reviews.
Write a review!
5/5
Uganda R
06 Oct 2021
Well organised

The course was well-organised and gave me a great insight into what happens in the financial sector being a non-financial practitioner.

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LCT International
London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

LCT International - High value, high impact training programmes delivered globally to teams and individuals For almost 30 years we have delivered tangible improvements to organisations by enabling their leaders, managers and professionals to reach their full potential through transformational...

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