Reporting and Budgeting – Level 1

Course schedule

Classroom Training:
DateVenueDurationPrice
19 - 23 Aug 2024London5 days£4,250
18 - 22 Nov 2024London5 days£4,250

Please note: prices shown above are exclusive of VAT (20%).

Course Overview

Gain foundational knowledge in financial reporting and budgeting techniques with this course, focusing on preparing accurate financial statements and developing effective budgets to steer business decisions.

Who Should Attend

Managers and executives from all sectors who input into strategic and financial planning for their organisation, including those:

  • Newly appointed into a strategic planning role
  • Treasury department managers who wish to increase the strategic role of the treasury function
  • Financial planning practitioners who want to update their skills
  • Managers who want to review their organisation’s performance
  • Budget holders who want to identify trends in expenditure
  • Operations managers who want to know more about how they compare with competitors
  • Senior managers who require greater financial literacy skills
  • Managers facing financial decisions or contribute to a wider planning process

Course Outcomes

  • Go beyond the description of financial performance to calculate and interpret key information
  • Interpret trends shown in each financial statement
  • Comment on their own and competitor’s liquidity, efficiency and funding
  • Assess the influential role of all stakeholders
  • Develop a business funding policy to manage financial risk
  • Evaluate the growing influence of corporate finance on strategy
  • Exploit the growing strategic role in developing competitive advantage

Course Topics

Interpreting Financial Statements

  • The income statement (PandL) statement format content and key concepts
  • Interpretation of key ratios derived from the income statement; P/E ratio Profit margin
  • The language and major components of the balance sheet
  • Business ratios derived from the balance sheet and PandL together liquidity debt profitability etc

Investment Appraisal

  • Defining the value generated and the required return – the hurdle rate
  • Return on capital employed – calculation methodology and interpretation
  • Payback period calculations
  • NPV and IRR calculations
  • Non-financial aspects of investment appraisal and decision making

Essential Budgeting Process

  • Purpose and benefits problems and limitations of capital and operational budgets and the important differences
  • Budget processes in the private sector
  • Budget processes in the public sector
  • Identification of risks to the budget and actions to mitigate them

Measuring Financial Statements

  • What is financial performance?
  • Financial performance in the public sector
  • The importance of cash flow – how to measure and improve it
  • Gross profit operating profit net profit margin
  • Key performance ratios

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