Key details
Mode of delivery: Online Course
Course code: AFB201O
Duration: 10 days
Fee: £5,004.00 + VAT
CPD Hours: 60
Course Overview
This accounting for managers 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.
By attending this course, non-finance staff who need to extend their understanding of finance will learn how this could make a difference to their organization’s financial management. You will understand:
- The role of finance in implementing projects.
- How an organization’s stakeholders affect its financial performance and growth.
- The activities in determining pricing objectives, policies and strategies.
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.
Agenda
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
Investment and Financial Management of Long-term Projects
- Project Appraisal
- Project Estimation
- Budgeting
- Financial management
Financial Management – Stakeholder Expectations
- Identifying stakeholders
- Accountability to stakeholders
- Triple bottom line
- Levels of investor control
Pricing Decisions
- Strategic pricing
- Price structure
- Pricing policy
- Analysing costs and profits
Financial Management Decision-making
- Defining the decisions that you make
- Deciding on what support you need to define the relevant financial information required to make those decisions
- Examples and case studies
Course Review
- Summary and recap of key learning objectives
- Action Planning
Target Audience
This Accounting for Managers 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.
- Staff who need to extend their understanding of finance to more specific operational activities.
Learning Outcomes
Upon completion of this Accounting for Managers 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.
- The role of finance in project delivery.
- The role of stakeholders and their impact on an organization’s financial performance.
- The processes involved in deciding prices.
- How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
Course dates
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