Accounting and Finance for Managers - Level 1

General

Program Description

Accounting and Finance for Managers - Level 1

KEY INFORMATION

  • Course Code: AFB101A
  • Duration: 1 week
  • Fee: £2675

COURSE OUTLINE

Introduction to Accounting

  • The two forms of accounting: financial accounting and management accounting
  • The regulatory and conceptual framework
  • Qualitative characteristics of useful financial information
  • Types of business entity
  • The annual report and financial statements

Accounting Concepts and Systems

  • Statement of comprehensive income (income statement)
  • Statement of financial position (balance sheet)
  • Statement of cash flows
  • Preparing a set of financial statements
  • The income statement: cost of sales working
  • Underlying concepts: measurement rules and fundamental accounting concepts
  • Three further property, plant and equipment issues
  • Recording accounting information

Financial Analysis: Part 1

  • Financial statement analysis for investment purposes
  • Other users and their needs
  • Horizontal analysis and trend analysis
  • Vertical analysis
  • Ratio analysis
  • Weaknesses and limitations

Financial Analysis: Part 2

  • The drive for information
  • Stakeholder management
  • Corporate social responsibility reporting
  • Earnings announcements, conference calls and investor presentations
  • Media relations: press releases and newspaper coverage
  • Social media and internet bulletins

Business Planning

  • Business planning and control: the role of budgets
  • The budget-setting process
  • Basic steps of preparing a budget
  • Budgeting in different types of organisation
  • Limitations and problems with budgeting
  • Improving business planning and budgeting

Target audience

This finance for non finance training course is suitable for:

  • Managers who wish to improve their analytical skills and use accounting and finance tools for managerial advantage.
  • Those who wish to understand and use accounting knowledge for operational and management decision making.

Learning outcomes

Upon completion of this course, you will be able to understand:

  • The role of the financial accountant and the information which they prepare.
  • The relationship between the statement of financial position, income statement and statement of cash flows.
  • The elements and structure of the annual report and primary financial statements.
  • The conceptual and regulatory framework of accounting.
  • What information the financial statements cannot provide.
  • Key elements of an accounting system.
  • Different types of accounting adjustment.
  • The impact of accounting adjustment on reported results.
  • How to prepare basic primary financial statements.
  • The main aspects of performance which can be evaluated through financial statements.
  • How to apply horizontal, trend, vertical and ratio analysis to the financial statement contained within an organization’s annual report.
  • How to evaluate a company from the viewpoint of current and potential investors as well as other stakeholders.
  • That financial information is communicated through varying means and in different forms.
  • That corporate communication may be factually accurate but it might be presented, written or distributed in a way that sends out information signals.
  • The role of budgeting within the business planning process.
  • Different approaches to budgeting.

WHAT IS INCLUDED:

  • 30 hours of classroom-based training
  • Apple iPad
Last updated September 2019

About the School

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all o ... Read More

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all over the world. Read less