Finance & Accounts

FA 2 Reporting and Budgeting (Level 1)

Improve your effectiveness in the management of finances in your organisation or department

Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

Who should attend?

Those for who have studied finance and its part of their responsibility or they are new to management and need a greater understanding of financial management.  It is an ideal course to attend prior to the Level 2 course.  Participants will be from all sectors, including private, public and not-for-profit including:

  • New managers or managers wanting to update their financial knowledge
Course Code:F/A.2
Subject:Finance
Course Fee:£595
Duration:3 Days
Venue:University of Cambridge, U.K
  • Budget holders who are responsible for creating and managing their department’s budgets
  • Operations managers who want to know more about cost management and projects
  • Senior sales and marketing employees who have to understand financial statements
  • Senior managers who require greater financial literacy skills
  • Managers facing strategic financial decisions or expect to make a contribution to a wider planning process.
  • Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.

Learning Objectives

By the end of the course delegates will be able to:

  • Describe the major concepts underpinning accounting and finance
  • Interpret and apply financial information in a business environment
  • Put together a budget enabling you to justify expected expenditure
  • Assess and measure budgetary performance
  • Conduct effective investment appraisals

Course Content

Concepts and Principles

  • Financial accounting and management accounting – the differences
  • Cash and accrual accounting compared and when they are used
  • International accounting standards – formats and content
  • The distinctive character of public sector accounting and budgeting

Interpreting Financial Statements

  • The income statement (P & L) statement, format, content and key concepts
  • Interpretation of key ratios derived from the income statement; P/E ratio, Profit margin
  • The language and major components of the balance sheet
  • Business ratios derived from the balance sheet and P & L together, liquidity, debt, profitability etc.

Investment Appraisal

  • Defining the value generated and the required return – the hurdle rate
  • Return on capital employed – calculation methodology and interpretation
  • Payback period calculations
  • NPV and IRR calculations
  • Non-financial aspects of investment appraisal and decision making

Essential Budgeting Processes

  • Purpose and benefits, problems and limitations of capital and operational budgets and the important differences
  • Budget processes in the private sector
  • Budget processes in the public sector
  • Identification of risks to the budget and actions to mitigate them

Measuring Financial Performance

  • What is financial performance?
  • Financial performance in the public sector
  • The importance of cash flow – how to measure and improve it
  • Gross profit, operating profit, net profit margin
  • Key performance ratios

LISD Workshop Special GROUP Package Highlights:

(prices applicable to a group of minimum 8 persons)
*Maximum 15 persons will be enrolled in each workshop

  • 4 Days + 3 Nights Programme
  • Programme Registration with the invoice
  • 2 Scientific Knowledge-sharing sessions
  • Certificate of Participation signed by the authorities
  • 3 Night-accommodation in B&B (Double accommodation)
  • 2 Networking Dinners
  • 3 Lunches
  • 3 Networking Tea/Coffee
  • Airport Group-Pick & Drop Service
  • City Crawl
  • Group Excursion- Famous Tourist Attractions

Generic Schedule:

4 Days/ 3 Nights Programme

Day 1:
Hotel Group Pick-up Service from the nearest Airport to the Bed & Breakfast (Hotel)
Check-in: (between 2:00-4:00 pm)
City Crawl includes Takeaway Lunch and Coffee
(1st Night)

Day 2:
Interactive Learning Sessions: 9:00 am – 4:00 pm
Includes 2 Tea Breaks + Lunch
7:30 pm Networking Dinner
(2nd Night)

Day 3:
Interactive Learning Session/ Award Ceremony: 9:00 am- 1:00pm
Includes 1 Tea + Lunch
Excursion: 2:00-7:00 pm
Networking Dinner: 7:30 pm
(3rd Night)

Day 4:
Hotel Check-out at 10:00 a.m
Luggage can be Deposited in the Hotel
Free to Shop and Roam (independently)
Back to the Hotel at least 3.5 hours before the flight
Group Drop-off to the Airport

Register Per Person

Workshop VenueFull 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxesCredit/Debit Card
University of Oxford, U.KGBP 1350Register NowRegister Now
University of Cambridge, U.KGBP 1350Register NowRegister Now
King’s College London, U.K (University of London)GBP 1350Register NowRegister Now
University of Edinburgh, U.KGBP 1350Register NowRegister Now
London Institute of SD – Learning CenterGBP 1145Register NowRegister Now
Baku, AzerbaijanGBP
Istanbul, TurkeyGBP