Course Content
- Accounting recording systems and controls
- Double entry bookkeeping – the key processes, ledgers, and other records
- Core principles such as accruals and prudence.
- Key financial statements – profit and loss accounts, balance sheet and cash flow statements
- True and fair reporting and the obligation to keep proper books and records.
- Key financial performance indicators
- Profit and loss.
- Distinction between expenses and assets
- Cut off and timing of transaction reporting.
- Gross and net margins and how to measure actual underlying profit (contribution)
- Return to investors – earnings.
- Balance Sheet
- employed and how to measure returns on capital and investment.
- Working capital and capital management
- Debtors and invoicing
- Inventory and work in progress.
- Creditors and supplier payment terms
- Fixed assets and depreciation and impairment charges
- Financing options – debt or equity and the impact on financial performance
- Cash flows.
- What is ‘cash’ and what types of cash flow – operating, financing, and investing?
- Identifying cash flow deficits and surpluses
- Project appraisal
- Budgeting and costing – key types of cost and costing methods.
- Project appraisal techniques such as payback periods, net present values and project internal rates of return
- Financial risk management techniques – for example, interest rate, foreign currency, and credit risks
After completing the course, delegates will be able to:
- understand essential financial documents used in business.
- interpret the information in these documents and use it to manage day-to-day business activity.
- be more effective in their managerial role.
- have more informed conversations with finance colleagues to avoid miscommunication or misunderstanding.
- provide more insightful reports based on financials,
- make fundamental finance decisions without leaning too heavily on finance staff, allowing them to focus on other business priorities.
This course is suitable for senior managers with little or no prior financial knowledge, who need to use financial information in appraisals and decision-making.
Attendees include:
- CEOs.
- Managing directors.
- Senior managers responsible for business units or for delivering company growth and shareholder value.
We have received feedback from our delegates stating that while they appreciate the convenience of online learning, they miss the chance to interact with staff and peers in person. Therefore, we have designed our approach to prioritise interactive, in-person, on-campus teaching. However, we also offer online and in-person courses, so you can choose the mode of learning that suits you best, based on your preference.
In-house courses for staff
Our courses are delivered by our approved expert trainers. These sessions are perfect for groups of staff that require the same training and can be organised:
- at your offices
- at an external location of your choosing
- as an online session.
We can provide training on more advanced aspects of financial reporting, such as: Understanding and interpreting financial statements – basic and advanced and entity-specific courses (such as Insurance or Health Care companies)
For more information, contact Sadiq Islam at sadiq.islam@uws.ac.uk or +44 (0)7904031720
