Finance Management Skills

Speaker:   |  CPD Hours: 6.0

Price £575 plus VAT

New dates coming soon.

OBJECTIVES

This course will equip you with all the practical skills required to perform financial management duties with the necessary accuracy and efficiency. The course will teach vital practical skills related to interpreting financial statements and accounts, budgeting and general finance management such as discounting cash flows. It will serve as an ideal refresher for those who might not have used these skills for a while.

CONTENT

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.

WHO SHOULD ATTEND

Any members of the finance team who would like to refresh their financial management skills or improve their knowledge base and earn CPD credits at the same time. The course would also be of particular benefit to financial, cost and management accountants, etc.

Looking to train your team or a group?

We can deliver any of our courses tailored to your needs at your offices or at a location of your choice.

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