Financial Management Development Programme

Financial Management Development Programme (2 days) Course Summary

This two-day course covers many of the financial techniques you need to run a business profitably. It is a hands-on, practical course that expects no prior knowledge. Everything you need to know is here.
What you will learn

• How to read and interpret business accounts
• What 'gross margin' really is, and how to improve it
• The importance of the breakeven point, and how to calculate it
• The different types of cost and their relationship to breakeven
• How to calculate total costs
• Pricing for profit
• The real dangers of competitive pricing
• What 'working capital' is and the danger of not controlling it
• How to control stock effectively
• The importance of analysing cash flow
• How to control the movement of cash
• Forecasting from the cash flow
• How to calculate financial requirements
• Ways of evaluating investment decisions
• How to control working capital requirement actively
• How the various parts of financial management work together

  Who should attend? This programme is intended to give anybody running their own business, or new to managing company accounts the confidence to manage their Finances effectively. Over these 2 days you will acquire a good understanding of both the principles and practicalities of Business Finance.
Workshop Timetable
DAY 1

9.00am		Welcome and coffee
9.15am		Understanding the three financial documents How are they created and work together? Using the balance sheet What IS working capital?
10.45am		Break
11.00am		Introducing the different types of costs Importance of the breakeven point Relationship of costs to breakeven
1.00pm		Lunch
2.00pm		Costing for profit Costing and special order
3.00pm		Break
3.15pm		Working with ratios Improving the bottom line
4.00pm		Close

  DAY 2

9.00am		Welcome and coffee
9.15am		Capital investment decisions The nature of investment decision
10.45am		Break
11.00am		Costs and costing Analysing costs behaviour, costs and sales mix, full costing Problems with eliminating unprofitable productsd
1.00pm		Lunch
2.00pm		Introduction to cash-flow Avoiding overtrading Forecasting cash need
3.00pm		Break
3.15pm		Managing stocks - forecasting future demand Recording and reordering Managing debtors - the effect of the business from credit periods Collection policies and capital requirements Calculating the effect of cash discounts
4.15pm		Close