Accounting and Finance for Managers - Level 2

General

Program Description

Accounting and Finance for Managers – Level 2

Key Information

  • Course Code: AFB101B
  • Duration: 5 days
  • Fee: £2725

Course Outline

Budgets and Performance Management

  • Responsibility centres
  • The controllability principle
  • Profit-related performance measurement
  • Standard costing and variance analysis
  • Performance management in investment centres
  • Non-financial performance indicators
  • The balanced scorecard
  • Performance measurement in not-for-profit organisations
  • External influences on performance

Cash Flow

  • How much cash does a business need?
  • Methods of establishing cash balances
  • Cash forecasting: the cash budget
  • Cash management: strategies for improving cash flow
  • Interpreting and analyzing a cash-flow forecast

Pricing Decisions

  • The accountant’s perspective – costing and pricing
  • Absorption costing and full-cost-plus pricing
  • Marginal-cost-plus pricing
  • Activity-based costing (ABC) pricing
  • Life-cycle costing and pricing
  • The economist’s perspective
  • The marketer’s perspective
  • Combining the three perspectives: establishing an appropriate pricing strategy
  • Pricing strategies
  • Target pricing and target costing

Investment Decisions

  • Investment appraisal – the basics
  • Traditional evaluation techniques
  • Incorporating real-world complexities into investment appraisal
  • Investment appraisal within context
  • Taking a broader strategic view

Operational Decisions

  • Operational decision making
  • Cost-volume-profit analysis (CVP)
  • Relevant costing

Target audience

This CFO seminar 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 CFO course, you will be able to understand:

  • How to interpret a variance report and assess its implications for management intervention.
  • Behavioural aspects of budget management.
  • Strategies to prevent or remedy adverse behavioural aspects of budget management and to harness positive aspects.
  • Alternative views on performance management.
  • The importance of cash management to a business.
  • How to interpret a cash budget and identify potential problems.
  • How to formulate strategies for improving cash flow and liquidity.
  • Appropriate costing methods for pricing.
  • The potential impact of different competitive environments on pricing.
  • Appropriate pricing strategies to fit different markets and products/services.
  • The financial impact of an investment using traditional techniques.
  • The strengths and weaknesses of the above techniques.
  • The role of financial assessment within the wider strategic assessment of investment decisions.
  • The financial consequences of a range of decision-making situations.
  • The scope and limitations of the financial techniques applied.

What is Included:

  • 30 hours of classroom-based training
  • Apple iPad
Last updated Mar 2020

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