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Duration 8 Sessions
Method / place Distance Learning
Price £349 + VAT
EUR 439.00 / GBP 349.00
Documents Course brochure
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Course overview Finance and accountancy is called 'the language of business'. This is because the measures of success and failure in business are expressed in financial terms. As a result, people who have a working knowledge of this language are far better placed to take an active role in key business decisions. For those without a background in finance this information can prove difficult to acquire.
This 8 module course will improve your understanding of the way in which the financial dimensions of your business can directly affect the overall commercial operation and financial results of your company. Anyone who deals with financial information on a daily basis but does not have a financial background will benefit.
How does this distance learning programme work and what do you get?
Eight modules, each requiring between 3 to 4 hours study to be completed as you choose
The course and its modules start at any time to suit you
Modules may be downloaded to study on your PC or to print hard copies. (You may also opt to receive them printed-and-bound from us.)
Each module has self-assessment progress questions and model answers
The course has an optional on-line multiple choice assessment at the end, with a certificate of completion being awarded
This distance learning course will:
ENHANCE your understanding of the financial dimensions of your business
BREAK THROUGH the financial jargon to enable you to speak confidently with your financial colleagues
INCREASE your confidence when making key decisions based on financial information
IMPROVE your budgetary control to increase the financial efficiency of your business
DETAIL key cost accounting techniques to improve your financial control
IDENTIFY the key financial indicators and practically illustrate how to apply them effectively
REDUCE the impact that poor cash flow management can have on profitability
EXPLAIN the key policies, standards and financial concepts and how they operate in practice
DEMYSTIFY how to cope with overheads and activity-based costing
This course will benefit
Course modules Module 1: demystifying finance
Interpreting the balance sheet
The UK and US balance sheet
Module 2: how healthy are we?
The two key indicators
Are we in profit? The P&L statement
What does the P&L reveal about the business?
US income statement
A paper profit - but are we solvent? - The cash flow statement
What can the cash flow statement tell us?
Module 3: the importance of records and systems
The difference between accounting records and accounting systems
Systems and procedures
Classic ledger structure
Sales system and purchase system
Module 4: concepts, policies and standards
Why do we need concepts and rules?
Fundamental concepts in operation
Accounting policies and standards
Managing your working capital
Conducting break-even analysis
Module 5: interpreting the accounts
Asset turnover analysis
PE's, Footsie, yields and gilts: understanding the financial press