At the end of this 2 day course delegates will have gained the skills necessary to be able to manage budgets more effectively, use and understand financial concepts, interpret financial results using ratios, and understand financial accounts and reports. Further explore and put into practice with workshops and case studies
Who is this course for?
This course is suitable for managers and others in finance related roles:
• with some or no financial knowledge
• who need to understand the financial implications of every day decision making
• who need to increase profitability and performance of their business
Objectives
At the end of this 2 day course delegates will have gained the skills necessary to be able to manage budgets more effectively, use and understand financial concepts, interpret financial results using ratios, and understand financial accounts and reports. Further explore and put into practice with workshops and case studies
Course Syllabus
Business Cycle
Understanding the cash flow in a business
Profit and loss balance sheet
Cash flow statement
Understanding the balance sheet
Business objectives
Using financial information to set targets
Accountancy rules
How to stop abuses
Distinction between profit and cash flow
Key financial ratios Management
Cost control
Managing cash flow
Working capital management
Improving financial performance
Break even analysis Investment
Capital Investment techniques Workshop Sessions
Retail sales case study
Sales compared to budget/target
Sales vs period, sales per sqft
Key product revenue/location
Overheads, staff costs etc
Supplier costs
| KPI's
Sales per hour, average
Conversion rates
Wage to sales ratio
Workshop Sessions
Generic Banking case study
Retail banking model
Examples
Group exercise
- Each individual to share a finance related
challenge from their jobs.
- As a group nominate one as an example
- Each group example will be discussed and
one will be selected for a workshop session
- Each group will present their proposed
solutions to the real life challenge
- The trainer will review and discuss merits
of each solution |
What you get
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Training is held in our modern, comfortable, air-conditioned suites
Modern-spec IT, fully networked with internet access |
"What do I get on the day?" |
Learning tools |
 Breaks and timing Courses start at 9:30am.
Please aim to be with us for 9:15am.
Joining information (how to get to our venues) |
 In-course handbook Contains unit objectives, exercises and space to write notes |
 Refreshments Available throughout the day:
- Hot beverages
- Clean, filtered water
- Biscuits
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 24 months access to trainers Your questions answered by qualified trainers online. |
 Lunch Lunch is provided at a local restaurant or pub. Browse the sample menus:
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Some reasons why thousands of businesses trust us
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ILM Endorsed Courses
