365电竞手机APP下载网址

This course provides financial training for anyone (at any level) who needs to understand financial management.

By the end of the full two-day training course, the participants will have:

• Acquired an understanding of the sources of financial information
• Understood the current financial position of the organisation through the review of key concepts of financial information and analysing the financial flow trends
• Explored the driving forces behind financial information
• Recognised the importance of cash flow and cash management
• Appreciated the essence and management of working capital
• Explored costing concepts and recognised how the controls determine profit
• Costing: Essential tools for effective management
• Recognised the importance of planning and budgetary controls
• Discovered the positive management of cash and the impact of the cash cycle to their operations
• Enhanced their business communication with leaders by providing a comprehensive awareness on financial and accounting information presented to them

See course overview

Day One

Mastering basic financial concepts and accounting process to develop an understanding of the sources of financial information 

• GAAP – Generally Accepted Accounting Principles
• IFRS – International Financial Reporting Standards
• Accrual versus Costing Accounting
• The ‘Formal’ Management Reports
• Relating the budgets to the balance Sheet and the P&L
• Facilitator presentation and group discussion

Valuing the key concepts of financial information and analysing the financial flow trends to understand the current financial position of the organisation

• Financial reporting
• Company requirements to prepare financial statements
• The users of management information and accounts
• Key financial ratios
• Fundamental principles of accounting
• Facilitator presentation, group discussion and group exercise

Exploring the driving forces behind financial information

• Free Cash Flow
• Revenues, Costs and Capital Expenditure
• The importance of Earnings Before Interest Tax Depreciation and Amortisation
• The Profit and Loss Statement
• Principals of capital efficiency ratios
• Return on Capital Employed
• Facilitator presentation and group discussion

Highlighting the importance of cash flow and cash management

• Profit is absolutely not cash!
• The Cash Flow Statement
• Revenue to Free Cash Flow
• Increasing Cash
• Focusing on Pricing
• From Allocation to Absorption
• Facilitator presentation, group discussion and group exercise

Working Capital: The essence and its management 

• Calculating Working Capital
• The Working capital Cycle
• Working Capital “culprits”
• Facilitator presentation and group exercise: Enhancing the “flow” of Working Capital

Day Two

Defining costing concepts and how the controls determine profit

• The Language of Costs
• Variance Reporting
• The STEEPLE effect
• Facilitator presentation and group discussion

Costing: Essential tools for effective management

• Capital Budgeting – The Decision Tree
• The Language of Capital Budgeting and the Discount Cash Flow
• Different types of costs within the profit and loss
• Facilitator presentation, group discussion and group exercise

Breaking down the barriers between finance and operations department through planning and budgetary control

• The Master Budget and the Budgeting Cycle
• From Static Budgeting to Flexible Budgeting
• Cash and Revenue Forecasting
• Facilitator presentation and group discussion

Discovering the positive management of cash and the impact of cash cycle to your operations

• Accounting for capital expenditure and fixed assets
• Capital Expenditure, Fixed Assets and Depreciation
• Breaking Even
• The Cash Flow Report
• Facilitator presentation, group discussion and group exercise

Polishing effective business communication with the leaders via comprehensive perception on financial and accounting information

• Key Financial Management Ratios
• Facilitator presentation and group exercise

Next steps

• Review of learning and action planning
• Course feedback

The training will be supported with:

• An optional participant pre-course questionnaire and/or pre-course reading
• A colour printed workbook with tips, techniques and space for personal notes

Check pricing

• Budgeting for Managers