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London Business Training & Consulting Advanced Accounting and Finance for Managers
London Business Training & Consulting

Advanced Accounting and Finance for Managers

London, United Kingdom

2 Weeks

English

Full time

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On-Campus

Introduction

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.

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.

About the School

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