Support
Experience
Training Team
Quality Assured
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What is covered in this course?
This course will help demystify the rules of capital expenditure vs operational expenditure helping you to justify investments to your senior managers and finance team.
1
Profit and Loss, Balance Sheets
- Their structure and terminology, what they tell us and why they need to be reviewed together to gain a full understanding of business performance
- Understanding how operational income and costs are accounted for and the implications for how you manage costs in your department
2
Managing Finance
- Understanding working capital: What it is? How can we manage it?
- Why too much working capital is bad for you and too little may be disastrous
- Optimising working capital for your company and the implications for negotiating
- Distinction between profit and cash flow
3
Understanding Management Accounting
- Putting together a robust budget
- Negotiating budget funding
- Assessing variances and reforecasting the budget
- Evaluating the feasibility of operational projects via break-even analysis
- The effects of depreciation
Please Note: Each delegate will leave the course with an action plan for the workplace
