This two 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 explore the issues of planning and budgeting and will look at some tools and indicators commonly used by businesses.

The course will also examine the increasing importance of management information in any organisation, what it might contain and how it is used.

The course will cover:

  • The financial reporting system
  • Financial objectives and business performance
  • The balance sheet
  • The importance of cashflow
  • 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
  • Using financial ratios and key performance indicators
  • Management accounting and information
  • The role of a budget holder
  • Product costing and budgeting
  • The purpose of budgets
  • Budget construction and co-ordination
  • Preparing a budget
  • Monitoring actual costs

This course is aimed at:

  • Team Leaders & Managers
  • Individuals with some responsibility for financial matters within an organisation

By the end of this course delegates 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
  • Learn some useful techniques such as key performance indicators used by businesses
  • Understand the principles of planning and budgeting as the basis of management control
  • Become familiar with the importance of management accounting and understand monthly reporting to managers

Pre-course preparation & assessment

No pre-course preparation needed however there will be an end of course assessment.

Other courses you might look to if this doesn't quite fit what you are looking for are:

If you are unsure which course is for you or your employees, please call and speak with one of our Learning and Development Advisor on 02921 680075 or alternatively send us an enquiry here