Finance & Accounts

FA 3 Reporting and Budgeting level 2

Reporting and Budgeting (Level 2)


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
Course Fee:£495
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