Finance for Non-Financial Managers with John Atkinson

This course is co-accredited by Jasper Alliance London Ltd. For a small additional fee you can receive your certificate of completion from JAL.

EFFECTIVE BUDGETING, COSTING & FINANCIAL ANALYSIS FOR NON FINANCIAL MANAGERS

Introduction:

This course has been specifically designed for delegates who are not financial practitioners, but who need to develop a strong understanding of how budgeting, costing and financial analysis impact upon their day to day decision making within their role. The course covers the full end to end budgeting process including budget development, forecasting and budget management. Likewise the key costing methodologies are fully explored throughout the course. Both budgeting and costing elements are explored from a financial budget, project budget and manpower budget perspective. The course concludes with an introduction to financial analysis to enable delegates to interpret the facts behind the numbers within these key organisational statements.

Each delegate will receive a fully functional soft copy model covering:

• Budget template.

• Manpower Planning template.

• Financial Ratio Analysis template.

 Day 1

The Role of Budgeting & Forecasting within Financial Management

• The importance and impact of accurate budgeting & forecasting to the organisation.

• The importance of effective cost control on organisational profitability.

• Overview of budget, cost management and forecasting methodologies.

• Capital budgeting v operational budgeting & forecasting (CAPEX v OPEX)

• Creating  and managing Cash flow budgets.

• Creating  and managing Project related budgets.

• Creating and managing manpower budgets - including FTE calculator.

• Incorporating uncertainty within the budget - multi-variate scenario planning 

EFFECTIVE BUDGETING, COSTING & FINANCIAL ANALYSIS FOR NON FINANCIAL MANAGERS

Introduction:

This course has been specifically designed for delegates who are not financial practitioners, but who need to develop a strong understanding of how budgeting, costing and financial analysis impact upon their day to day decision making within their role. The course covers the full end to end budgeting process including budget development, forecasting and budget management. Likewise the key costing methodologies are fully explored throughout the course. Both budgeting and costing elements are explored from a financial budget, project budget and manpower budget perspective. The course concludes with an introduction to financial analysis to enable delegates to interpret the facts behind the numbers within these key organisational statements.

Each delegate will receive a fully functional soft copy model covering:

• Budget template.

• Manpower Planning template.

• Financial Ratio Analysis template.

 Day 1

The Role of Budgeting & Forecasting within Financial Management

• The importance and impact of accurate budgeting & forecasting to the organisation.

• The importance of effective cost control on organisational profitability.

• Overview of budget, cost management and forecasting methodologies.

• Capital budgeting v operational budgeting & forecasting (CAPEX v OPEX)

• Creating  and managing Cash flow budgets.

• Creating  and managing Project related budgets.

• Creating and managing manpower budgets - including FTE calculator.

• Incorporating uncertainty within the budget - multi-variate scenario planning 

• Day 2:

Practical Budget Management & Control

• Constructing effective “early warning systems” to advise of budget trajectory.

• Utilising fixed and variable cost analysis to test budget sensitivity.

• Liaison with stakeholders within the organisation to ensure common understanding and purpose.

• Effective budget management - remedial action management.

• Ensuring control with remote budget users.

• Effective budget performance reporting as part of overall financial management information - including nett cash position.

• Utilising variance analysis to support departmental decision making.

• International Financial Reporting Standards (IFRS)

Day 3:

Understanding Key Financial Statements:

• The Profit & Loss Statement.

• The impact of budgeting upon the Profit & Loss Statement.

• The Balance Sheet.

• The impact of budgeting upon the Balance Sheet.

• Overview of financial ratio analysis toolkit.

• Questions & answer session.

• Course close.

• Day 2:

Practical Budget Management & Control

• Constructing effective “early warning systems” to advise of budget trajectory.

• Utilising fixed and variable cost analysis to test budget sensitivity.

• Liaison with stakeholders within the organisation to ensure common understanding and purpose.

• Effective budget management - remedial action management.

• Ensuring control with remote budget users.

• Effective budget performance reporting as part of overall financial management information - including nett cash position.

• Utilising variance analysis to support departmental decision making.

• International Financial Reporting Standards (IFRS)

Day 3:

Understanding Key Financial Statements:

• The Profit & Loss Statement.

• The impact of budgeting upon the Profit & Loss Statement.

• The Balance Sheet.

• The impact of budgeting upon the Balance Sheet.

• Overview of financial ratio analysis toolkit.

• Questions & answer session.

• Course close

• For more information please call 0750 3605624