Reporting and Budgeting (Level 2)
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. They will be from all sectors, including private, public and not-for-profit including. This course assumes they already have a good appreciation and current knowledge of the topics covered in the Level 1 course.
- New managers or managers wanting to update their financial knowledge
Course Code: | F/A.3 |
Subject: | Finance |
Course Fee: | £795 |
Duration: | 4 Days |
Venue: | University of Cambridge, U.K |
- Budget holders who want to create and manage their budgets more effectively
- Operations managers who want to know more about cost management and projects
- Sales and marketing employees who want to understand financial statements
- Anyone who needs to improve key accounting concepts, and improve forecasting and cost management skills
- Managers who are about to be promoted into positions which require financial literacy
- Managers facing 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 and interpret essential financial management information
- Manage financial aspects of projects more effectively
- Address budgeting requirements with a longer-term perspective and justify expected expenditure
- Participate in investment portfolio construction
Course Content
Key Financial Concepts and Principles Covered in Level 1 Course
- Comparison of cash and accrual accounting
- Main features of IFRS and IPSAS
- The key statements according to IFRS and IPSAS
- Overview of the budget processes in public and private sector
- Assessing financial performance
Management Accounting
- Types of management information prepared for internal consumption
- Financial information managers need in order to be able to manage – the power of comparisons
- Historical revenues and profits, cost trends, product profit margins, receivables information, budget comparisons, break-even analysis and contribution margin analysis.
Managing the Costs and Finances of Projects
- The stages of project management
- Building the Business case and getting approval for funding
- Estimating project costs – expert, analogous parametric, bottom up estimating etc.
- Understanding Gantt charts
- Project forecasts
- Project risks and financial implications
Building an Effective Budget
- Public Sector context of financial management
- Public budgeting seen through four perspectives – political, economists, accountants, managers
- Approaches to budgeting including; line item budgeting, program budgeting, zero-based budgeting, priority-based budgeting
- Three pre-requisites for budget preparation
- Medium Term Expenditure Frameworks – aligning budgets
Investment and Risk
- Building an investment portfolio – key questions – WHY are we investing, REQUIRED RETURN, WHAT do we invest in, WHEN do we invest, WHERE do we invest
- Five key stages – risk preference, asset classes, amount to invest in each class, choose investments, monitor and rebalance
- Fundamental and Technical analysis techniques
- Identification and mitigation of key risks
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 Venue | Full 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxes | Credit/Debit Card | |
---|---|---|---|
University of Oxford, U.K | GBP 1350 | Register Now | Register Now |
University of Cambridge, U.K | GBP 1350 | Register Now | Register Now |
King’s College London, U.K (University of London) | GBP 1350 | Register Now | Register Now |
University of Edinburgh, U.K | GBP 1350 | Register Now | Register Now |
London Institute of SD – Learning Center | GBP 1145 | Register Now | Register Now |
Baku, Azerbaijan | GBP | ||
Istanbul, Turkey | GBP |