Open Programme Course Calendar

Overview

Duration: 1 Day

This one day workshop is designed to provide managers with a broad understanding of the vocabulary, principles and application of accounting and financial techniques used to measure company financial performance. It will also explore the issues of budgeting and standard costing. This course can be run exclusively and tailored to suit your company's specific learning requirements and organisational needs. Costs are dependent on number of days required and bespoke content.

Who is the Course For?

HR Practitioners, Managers, anyone looking to further their knowledge and understanding of sensitive issues in the workplace and how to handle them effectively.

Delivery & Assessment Method

We use a variety of delivery and assessment methods namely:

• Workshops & Tutorials
• Activities (Individual & Group)
• Role Play (Individual & Group)
• Group Discussions
• Reflective Learning Exercises
• Assignments*

Candidate Requirements

Candidates are required to:

• Attend all workshops & tutorial days*
• Complete any independant work required between workshops
• Complete Reflective Reviews or Exercises*
• Complete and submit Assignments*
• Complete or Attend Assessments*

*Only applies to certain qualifications.

Pre-Course Preparation and Assessment

• Review your in-house Performance Management Policy, Drugs and Alcohol Policy, Communications Policy, and Professional Standards Policy where appropriate.
• Consider related issues within your workplace in order to get practical advice.

What Will They/You Learn?

By the end of this workshop managers will be able to:

• Understand the terminology and the principles used in financial reporting
• Interpret financial statements as indicators of financial performance
• Apply these principles in a non-financial environment
• Understand the principles of costing and budgeting as the basis of management control

What Will The Course Cover?

• Introductions
• Clarifications of objectives
• Initial discussion of issues from each delegate

The Financial Reporting System:

• Financial Objectives and Business Performance
• The balance sheet
• Accounting principles used for reporting
• The measurement of profit and the distinction with cash
• The profit and loss account

Analysing Financial Performance and Responsibilities:

• Key Financial Roles
• Responsibility accounting and cost centres
• Classification of costs direct and indirect
• Determining the unit of activity cost measurement

Product Costing and Budgeting:

• The purpose of budgets
• Budget construction and co-ordination
• Purpose of standard costing
• Overhead costs
• Monitoring actual costs

For further information please call 01656 644300 to speak to our Business Development team or Contact Us via email at info@tsw.co.uk