Financial Understanding for the Senior Executive
Financial Understanding for the Senior Executive

Plan your profits, take control and protect your cash flow

*** This is course is residential and the course fee excludes accommodation. ***

Overview
Learn how your decisions and actions affect your company’s profitability and cash flow; how you can use financial and management accounting techniques to improve that profitability; how to get the best service from your accountants and your auditors.

Case studies, short input sessions, practical exercises, computer spreadsheets and a continuing competitive business project make it a stimulating and active workshop. Bring real-life financial reports and problems with you, as there will be opportunities to discuss them with our experienced accountants.

Topics & Outcomes

The Structure of Business
Master the five objectives for financial success.

Basics of Accounting
Understand what the figures really represent and how accruals and prepayments are dealt with.

A Business Start-up Case Study
Understand the importance of cash flows, profit and return on investment.

Company Accounts
You’ll be able to read a report selectively and knowledgeably.

Interpretation of Accounts
Know how to dig beneath the numbers and assess the health of the business.

Group Accounts
Know what to look for in a complex set of accounts.

Raising Capital
Be able to assess the balance between shareholder investment and borrowing and other sources of short, medium and long term finance.

Corporation Tax
Be able to follow the accountant’s computations and know the impact on taxation of investment decisions.

Foreign Exchange
Be able to see the risks inherent in trading and holding assets and liabilities in currencies other than your companies reporting currency.

Absorption Costing
Understand how overheads are apportioned to cost centres for reporting and unit costing purposes.

Marginal Costing
The Menzies case study
Understand the concept of unit contribution and how it may be used to make good business decisions.

FAXCOM Project
Get financial feedback on your business decisions and compete with others who are trying to beat you!

Security Services Management Accounts
Look at the profitability of your product mix and decide how to improve things for the future.

Stock Valuation
Understand the standard which says ‘the lower of cost and net market value’ and know what cost elements are included.

Budget Setting
Know how to develop a budget using all the available knowledge and intelligence within the company.

Budgetary Control
Understand what a variance from budget means, how it may have arisen and be able to take strong and timely action to manage using the feedback from the management accounting system.

Pricing

Security Services Case Study
Understand the accountant’s perspective and that of the marketing department, the psychology of pricing and the bottom-line impact of getting it right or wrong!

Capital Investment Appraisal
Be able to make balanced decisions after considering payback, return on investment and discounted cash flow methods of assessment and the non-financial influences.

Acquisitions (or being acquired)
Company valuation
Understand what a company is worth, how successful acquisitions are made and why some fail.
Business Turnaround case study
Business profitability reviews
Be able to review each profitability objective and seek for ways of improving your business.

Programme high spots
- Business project - An advanced and competitive computer simulation exercise which involves delegates making decisions on P&L account, balance sheet, stock levels, cash flow and tax, dividend policy, pricing, staffing etc
- Company Valuations - Delegates assess how much a company is worth
- Investment Appraisal - Delegates assess whether to lease or buy and whether to go ahead with an investment decision

Who will benefit?
Directors and senior managers from any function who want to improve or update their knowledge of finance and management accounting. Senior managers of growing companies will find this course particularly valuable.
(Delegates need not have had any previous financial training.)
 
Course Dates
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Tools
 
Key Details
Provided by:
TACK International


 
Duration4 days
 
£1,850
per delegate