Financial Awareness for Managers (FA5)

objectives

To provide delegates with the knowledge and understanding of the disciplines of finance. Participants will learn how to interpret financial statements and explore a range of management accounting tools and techniques. The programme will also familiarise participants with the use of financial data to support managerial decisions.

who should attend

This practical programme is specifically written for senior business executives, strategic and business development planners, project managers and personnel who have a need to develop an awareness and understanding of finance. No previous knowledge of accounting or finance is required to gain the maximum benefit from the course.

programme profile

• The relevant role and use of accounting in business
  • Types of financial information
  • Financing of businesses
  • The accountant’s role
• Breaking down the financial language barrier
• Profit measurement
• Costs
  • Costs for pricing
  • Costs for decision-making
  • Cost centres
  • Treatment of overheads
• Planning and budgeting
  • The planning process
  • Budgeting stages and preparation
  • Information technology and budgeting
  • Management control and review systems
• Management decision making
  • Relevant costs and income
  • Cost-volume-profit analysis
  • Break-even
  • Pricing decisions and profitability analysis
  • Outsourcing and make or buy decisions
  • Product or business discontinuance
• Capital investment appraisal and management
  • Financial evaluation
  • Non-financial evaluation
• Performance management and evaluation
  • Financial measures
  • Non-financial measures
  • Balanced scorecard

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