Key details
Mode of delivery: Classroom-based
Course code: AFB101A
Duration: 5 days
Fee: £3,775.00 + VAT
CPD Hours: 30
Course Overview
This course is for anyone needing a basic understanding of business finance and insights into operational decision-making. It will:
- Show operrational staff the financial consequences of their activities.
- Demonstrate the combination of KPIs and regular management information is vital to an organization’s operational success.
- Explain how the finance function contributes to the effective use of resources.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
Importance of Financial Management
- The elements of financial management
- Key accounting terms and terminology
- How cash and profit differ
- The two main financial reporting statements: the income statement and the balance sheet
Measuring Financial Success
- Measuring management success
- Measuring risk and return
- The importance of cash flow and working capital
- Budgeting and budgetary control
Managing Financial Resources
- The importance of cost behaviour
- Cost management
- Opex and Capex
- Break-even analysis
Communicating with your Accounting Colleagues
- Defining your need for financial information
- Making communication and feedback systemic and systematic
- The use of two way coaching to improve mutual understanding
Course Review
- Summary and recap of key learning objectives
- Action Planning
This course is suitable for staff who wish to improve their understanding of how accounting and finance can help in their decision-making and how this impacts on the organization’s financial position.
Upon completion of this course, you will understand:
- The relevance of finance to operational decision-making.
- The relationship between operational and financial measures.
- Why a deeper understanding of cost and cost behaviour can help operational staff.
- How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
Course dates
Documents
There are no documents for this course.