Finance Management Skills

Differences between management accounts and financial statements

Interpreting financial statements including ratio calculations and interpretations

Budgeting techniques including

• fixed versus variable budgets
• master versus detailed budgets
• variable (direct) versus absorption cost budgeting

Individual budgets for individual business activities e.g. sales, materials, labour, production, selling expenses, cash disbursements

Preparing a complete balance sheet & income statement

Understanding the concept of zero based budgeting

Human factors influencing budgets

Discounted cash flows, including discount factor, WACC, capital asset pricing model, cost of debt

Determining free cash flows

Internal rate of return

Introduction to the recent significant changes in UK reporting environment

Topic areas will be further enhanced by examples and case studies to ensure principles are fully grasped – improving delegates’ technical and practical skills.The following modules and topics have been selected and analised in order to deliver high-quality training in this specific field of the finance world. The course will teach vital practical skills related to interpreting financial statements and accounts, budgeting and general finance management such as discounted cash flows. It will serve as an ideal refresher for those who might not have used these skills for a while.
Course Modules:

• fixed versus variable budgets
• master versus detailed budgets
• variable (direct) versus absorption cost budgeting