Finance Management For Non-Finance Executives
This course is part of the Mini-MBA and Diploma in Business & Management
Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT
SIGNATURE PROGRAMME
Who should attend?
- Keen learners to Target a Promising Position in a reputable organization
Learning Objectives
By the end of the course delegates will be able to:
- Describe fundamental bookkeeping and accounting concepts enabling them to manage the financial aspects of their role more effectively
- Compare the different approaches taken in the public and private sector
- Make sense of key financial statements and some key ratios
- Manage financial aspects of projects more effectively
- Participate more knowledgeably in the budgeting process
Course Content
Key Financial Concepts and Principles
- Bookkeeping versus accounting
- Cash accounting versus accrual accounting and use in private and public sectors
- Types of accounts in the General Ledger, their purpose and the chart of accounts
- Double-entry bookkeeping concepts and implications
Reading Financial Statements, Public and Private Sector
- International standards in the private and public sectors, IFRS and IPSAS
- Format and content of the statement of financial position (balance sheet)
- Format and content of the statement of profit or loss
Managing the Finances and Costs of Projects.
- Corporate Finance
- Financial aspects of building the business case and getting approval for funding
- Estimating project costs – different estimating techniques, expert, analogous, parametric, bottom up etc.
- Project forecasts, cost variances and cost control
- Project risks and financial implications