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Financial Awareness

in DS Data Training (England)

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Place:

Slough

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Duration:

1 Day

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Course objectives:

The delegates will leave at the end of the course with a clear understanding of the importance of financial control to their business, and be able to identify the key financial statements used to achieve this control.

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Course details

Type Course Duration 1 Day
Method / place Contact course provider Classes in Slough where
Suitability This course is designed for managers who do not come from a financial background and who would benefit from a non-technical introduction to financial concepts.
Course objectives The delegates will leave at the end of the course with a clear understanding of the importance of financial control to their business, and be able to identify the key financial statements used to achieve this control.
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Course programme

Financial Awareness
Course Overview:
Basics of Budgeting
Budget preparation
· Establishing objectives
· Internal or external
· Ownership of finished budget
The Budgeting Process
· Zero based or Inflation adjusted
· robability of achieving targets
Monitoring Adherence to Budgets
· Effective variance reporting
Understanding Financial Statements
· Identifying the main financial statements used to report on financial conditions.
· Match the financial statements with the information they provide.
The Balance Sheet
· Recognise the value of understanding a balance sheet
· Identifying the different types of assets that appear on a balance sheet
· Identifying the types of liabilities that appear on a balance sheetIncome and Cash Flow Statements
· Recognise the difference between Income, expenditure and cash flow
· Identifying the key elements when calculating gross profit
· Identifying non cash elements of expenditure
· Understanding the concepts of accruals and prepayments
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.
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Venues and dates



Where Slough, Cippenham Court, Cippenham Lane, Cippenham
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On DS Data Training

Provider description
At D S DataTraining, we have been delivering successful learning programmes since 1982. We have a highly effective sales and training team and believe in providing our clients with a superior level of service at competitive prices; all of our clients are assigned an Account Manager who offer a service second to none from the initial enquiry through to the successful completion of training. All of our Training Consultants have excellent training skills and are kept consistent to help build effective relationships with clients, management and staff.

D S DataTraining is a company who wants to keep your company - by offering a one-stop-shop approach you can always be assured of our superior service. We offer flexible, tailored and effective training courses in most training areas although our three key areas include Personal Development, IT Desktop and Technical IT but if you need training in something a bit different do call us, we will always help. We have a network of suppliers too all covering a wide range of courses.

Courses can be delivered in a variety of ways, individuals can attend one of our public scheduled courses or a closed course specific to their individual or company needs. Courses can be tailored to include company specific requirements to include floor-walking, workshops, 1-day programmes or even weekend training - the choice is yours. Our courses can be delivered anywhere, in one of our training centres throughout the UK, at your own premises or at a hotel of your choice - we'll even supply all the equipment including PC's and Projectors. Whatever venue you decide we'll ensure a relaxed and friendly environment conducive to learning

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Words related to the courses viewed: budgeting business accounting financial accounting

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