13 - 17 Jan 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5250 € Euro
Business professionals and managers in any organization rely upon financial information to enable them to effectively undertake their roles. Financial information can provide a clear picture of events that have occurred, and a sound basis for forecasting future events. It can also show whether activities are cost-effective and whether targets have been met, and can be used to measure comparative performance and profitability.
It is vitally important that managers are able to understand, interpret, and utilize financial information and reports, and can acquire the knowledge and skills to apply financial techniques to financial data, to inform logical and worthwhile decision-making.
After completing this course, you will be able to:
Explain the importance of finance and the interpretation of financial information
Apply the concepts of accounting and finance to analyze financials
Learn about key accounting and finance terms
Examine financial statements by using key ratios
Explain the importance of the budgeting process
Learn about key components needed to improve profitability
Finance Practices
Finance Standards
Interpretation of Financial Data
Using Financial Analysis Tools
Any manager seeking an understanding of finance and how to enable an organization to realize its objectives. In particular:
Project managers
IT and service support managers
Sales executives/consultants and new graduates
Day 1:
Business Organizations, Sources of Finance, the Finance Function
The development of business organizations
The role of Finance and the Finance Function
Sources and types of finance for business organizations
Teamwork exercise: preparing a business plan to present to potential investors
The structure of the financial accounting system
The Income Statement and Statement of Financial Position
Teamwork exercise: Financial accounting and reporting case study
Day 2:
The Annual Financial Report
The financial and non-financial elements of the AFR
Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders
Teamwork exercise: Preparing and presenting a Cash Flow Statement
Teamwork exercise and presentation: Assessing a company’s performance and position by analyzing their AFR
Day 3:
Management Accounting
Understanding the difference between management accounting and financial accounting
Calculating the cost of our products and the problem of overheads (indirect costs)
Overhead apportionment – absorption costing versus Activity Based Costing
Teamwork exercise: Preparing cost estimates for a contract bid
Cost-Volume-Profit and break-even analysis
Budgeting – objectives, and process
Teamwork exercise: preparing next year’s budgets for a manufacturing business
Day 4:
Investment Appraisal
Group discussion: Identifying new investment opportunities for your business:
Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback
Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)
Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):
Dealing with capital rationing using the Profitability Index method
Dealing with forecasting uncertainty using Sensitivity Analysis
Teamwork exercise: Comprehensive investment appraisal mini-case
Day 5:
Treasury and Risk Management
Group discussion: The role of Treasury
Teamwork exercise: Devising an effective interest rate swap
Foreign currency risk
Managing foreign currency risk using natural techniques
Managing foreign currency risk using transactional techniques
Teamwork exercise: Hedging the risks of a foreign currency transaction