Financial Development for Non-Financial Managers
Short course
In London
Develop your financial skills so that you can understand the whole financial picture!
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Type
Short course
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Level
Intermediate
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Location
London
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Duration
1 Week
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Start date
May
other dates
Develop your financial skills so that you can understand the whole financial picture with this Financial Development for Non-Financial Managers Course organized and imparted by London Corporate Training.
The course aims to give participants the tools to describe fundamental bookkeeping and accounting concepts enabling them to manage the financial aspects more effectively.
They will also learn to compare the different approaches taken in the public and private sector in order to understand key financial statements and some key ratios and manage financial aspects of projects.
Interested in finding out more details? Ask for information through emagister.co.uk.
Facilities
Location
Start date
Start date
About this course
• Those who are new managers or managers wanting a refresher
• Budget holders who want to create and manage their budgets more effectively
• Operations managers who want to know more about cost management and projects
• Sales and marketing employees who want to understand financial statements
• Anyone who needs to understand key accounting concepts, and improve forecasting and cost management skills •Managers who are about to be promoted into positions which require financial literacy
• Managers facing financial decisions or expect to make a contribution to a wider planning process.
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This centre's achievements
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 15 years
Subjects
- Financial Training
- Financial
- Public
- Private
- Project
- Budgeting
- Financial Managers
- Financial Development
- Bookkeeping
- Financial statements
- Budgeting Process
- Financial concepts
- General Ledger
- Accrual Accounting
- Private Sector
- Presentation
- ROE
- ROA
Course programme
Key Financial Concepts and Principles
· Bookkeeping versus accounting
· Cash accounting versus accrual accounting and use in private and public sectors
· Types of accounts in the General Ledger, their purpose and the chart of accounts
· Double-entry bookkeeping concepts and implications
· Depreciation and amortisation
Reading Financial Statements, Public and Private Sector
· International standards in the private and public sectors, IFRS and IPSAS
· Format and content of the statement of financial position (balance sheet)
· Format and content of the statement of profit or loss
· IPSAS principles of financial statements presentation for the public sector
· Investor ratios
Management Accounting
· Financial accounting and management accounting compared
· Types of management information prepared for internal consumption
· Financial information managers need to manage – the power of comparisons
· Analysing costs, key ratio calculations for management and variance analysis, including ROE, ROA and liquidity ratios
Managing the Finances and Costs of Projects.
· Financial aspects of building the business case and getting approval for funding
· Estimating project costs – different estimating techniques, expert, analogous, parametric, bottom up, etc.
· Project forecasts, cost variances and cost control
· Project risks and financial implications
Building an Effective Budget
· Public sector v. Private sector budgeting differences in purpose, processes and motive.
· Budgetary methodologies, incremental and zero-based
· Budget and variance analysis
· End of week quiz to appraise learning achieved.
Financial Development for Non-Financial Managers