Details
Straightforward and no-nonsense, this course enables you to get straight to the heart of financials issues, demystifies financial information and gives you confidence and control when making financial decisions.
This two-day overview course has won praise for the straightforward way in which it untangles the web of mystery that surrounds financial and management accounting in the eyes of many non-financial managers. By so doing it enables them to understand and manage
the impact of their decisions on business results, interact more productively with their finance-based colleagues and exert greater influence on decision making in their organisation.
Small classroom based type workshops with the option for 1-2-1 tuition at our Central London training centre.
Course Content:
Key points will consist of:
Financial accounts
- profit and loss accounts and how to understand them
- reading an income and expenditure account and analysing the finance flows within your organisation
- cash and accruals accounting showing how each is used
- terminology associated with income and expenditure accounting
- communicating effectively with finance professionals
- analysing trends in financial flows and formulating appropriate questions
- reading a balance sheet and analysing the financial position of the organisation
- how an asset register is used
- analysing your accounts
- constructing a cash flow statement from narrative information
- the different rules for charity accounting under the Charity SORP and the presentation of company and housing association accounts
Management accounts
- the budgeting process
- how budgeting relates to strategic objectives and good governance
- constructing a budget
- estimating costs and income accurately for budget purposes
- using management accounts to understand the past and forecast the future
- cost centres - understanding how they are used in your organisation
- nominal, purchase and sales ledgers
- using benchmarking in constructing a budget
- distinguishing between fixed and variable costs
- using the concepts of break-even pricing
- a template to forecast the effects of changing costs,
sales volume and price - evaluating opportunity costs a year of free support
Type:
Theory & Practical Exercise
Duration:
12 Hours
Our Work
Acudemy's team consist of a wealth of experience within the Finance and Management industries, this has enabled us to pass on and provide individuals with a unique combination of benefits.
You can train anytime full-time or part-time with our centre being open 6 days a week, small classroom sizes means as much interaction and participation as possible. We constantly ensure our offering is affordable to all candidates. After all there is no point in providing all of this if it was then unaffordable.
Our full contact & company details can also be seen on our contact us page. Hopefully this will give you a better understanding of who we are and what our aim is, however if you require further clarification then why not give us a call prior to enrolling? We are happy to help.
Testimonials”Thanks to Acudemy I have the experience and confidence to go far!” ...
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