Wednesday, 5 April 2017 | ||||
Finance skills for non financial managers | ||||
09:00 - 09:15 | Registration and refreshments | |||
0915 - 10:30 | Budget control and accurate forecasting Speaker: Karen Price, Founder, KMP Training The first session of the day will help you to create and understand your budget accurately over the year so as to identify the peaks and troughs of income and expenditure and help you avoid any nasty surprises late in the year. Learning objectives:
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10:30 - 10:45 | Questions and discussion | |||
10:45 - 11:00 | Mid-morning Break | |||
11:00 - 11:30 | Effective cost management Cost management is the process of planning and controlling the budget of a business. For managers cost management is a vital form of management accounting that allows a business to predict impending costs and helps to reduce the chance of going over budget. Learning Objectives:
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11:30 - 12:30 | Practical work and discussion | |||
12:30 - 13:15 | Lunch | |||
13:15 - 14:15 | Understanding company accounts: profit & loss, balance sheets and cash flow statements Knowing what is on a balance sheet and understanding what to do with the information it contains is vital for many modern management roles. Once you can get a grip on the numbers you will able to gain insights into the health of your department/organisation that will help considerably with forward planning. Learning Objectives:
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14:15 - 14:30 | Questions and discussion | |||
14:30 | Close |