Aims

This course is designed for busy managers and those professionals who are responsible for financial matters without necessarily having a job title or qualifications to match and suits managers who need to know more about finance to improve their planning, costing and budgeting skills.

Objectives

The aim of this one day course is to provide managers with an explanation of the financial reports and tools commonly used in business. Delegates will gain awareness and a basic understanding of the way finance affects their business objectives.

You will need to bring a calculator with you on the day.

What will I learn?

Financial Awareness - Understand Financial Statements

  • What is being shown and at what point in time?
  • Identify the different types of assets and liabilities that appear on a balance sheet
  • Recognise the value of understanding a balance sheet

The Balance Sheet

  • Identify the different types of assets and liabilities that appear on a balance sheet
  • Recognise the value of understanding a balance sheet

The Profit and Loss Account

  • Match income earned and appropriate expenditure for a specific period of time
  • Accruals and Prepayments

Income and Cash Flow Statements

  • Recognise the difference between Income, Expenditure and Cash Flow
  • Identify non cash elements of expenditure

V.A.T.

  • Understand the mechanics of V.A.T. accounting
  • Different V.A.T. accounting methods
  • Flat scale charges for small businesses

Budget preparation

  • Establish objectives; internal or external
  • Ownership of finished budget

The Budgeting Process

  • Zero based or Inflation adjusted; Probability of achieving targets

Monitor Adherence to Budgets

  • Effective variance reporting

Ratios

  • Recognise the benefits of using ratio analysis
  • Understand the meaning of liquidity ratios

Introduction to Financial Management - The purpose of Financial Management Systems

  • Recognise the benefits of financial management systems in supporting organisational success
  • Identify financial statements used to report financial condition in annual reports
  • Understanding the difference between Management accounts and statutory accounts
  • Introduction to some of the legal requirements for Statutory accounts

Risk and Return

  • Recognise the importance of risk and return decisions to the financial health of the organisation
  • Identify the major sources of financial risk

The Time Value of Money

  • Recognise the importance of time-value-of-money concepts in financial management
  • Identify the key information needed to calculate the future value of an investment
  • Understand the present value formula

How we deliver

Training can be delivered at your offices in either of the following ways:

  • Online

    Online training is ideal if you have staff in different geographical locations who have the same Microsoft or Adobe training requirements.

    Our expert trainers can deliver Watch and Learn sessions to up to 100 people. Alternatively, they can produce an interactive session that allows delegates to complete practical exercises within the Microsoft or Adobe apps of your choosing.

  • Face to face

    Choose from one or half day training sessions or our popular 90-minute Sprint sessions, which can be delivered in your offices or at another location of your choice.

    All we need is a room with a table and chairs and we look after the rest. We can even provide laptops and a projector should you not have spare IT equipment to use.

Sprint learning

Short on time, but still want to boost staff performance?
Book a Sprint Session!

Each Sprint Session follows a 90-minute format for ultra-focused team learning.

Pick a topic, tell us what you want to achieve from your session, and we’ll put together a short, fun, entirely bespoke programme that meets the needs of your team.

Designed to cater for 10-15 delegates at a time

Developed by our team to cover the subject matter of your choice

Delivered online or face-to-face

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