Corporate Training for Teams

Advanced Accounting and Budgeting for Managers

LCT International, In Abuja (+4 locations)
Length
2 weeks
Next course start
Enquire for more information (+5 start dates)
Course delivery
In Company
Length
2 weeks
Next course start
Enquire for more information (+5 start dates)
Course delivery
In Company
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Course description

Advanced Accounting and Budgeting for Managers

Upcoming start dates

Choose between 5 start dates

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  • In Company
  • Abuja
  • English

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  • In Company
  • Accra
  • English

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  • In Company
  • Jakarta
  • English

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  • In Company
  • Kuala Lumpur
  • English

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  • In Company
  • Riyadh
  • English

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

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

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

Expenses

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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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