Understanding and interpreting financial operations is essential for all levels of personnel both within and outside the finance function if they are to properly contribute to the success of the business. In this program you will learn the full scope of financial operations and reporting supported by a foundation of the important aspects of theory together with practical methods and techniques.
Who should take this course
This program will be particularly useful for staff working where they are required to take on financial responsibilities alongside an operational role. Financial staff that need to expand their knowledge beyond their current experience particularly if they are considering taking up professional qualifications. Anyone who needs to acquire a broader understanding of finance to improve their current role or plan their future career. All personnel who use financial operations in their job and are called on to make financial decisions.
Understanding different types of Financial Operations:
Who uses financial operations and why? The flow of operations in a company. Distinguishing different types of operations and what they are derived from. Basic accounting terminology explained. Reporting formats.
The Cash Cycle:
Cash versus profit. The flow of money in and out of a company. How this is managed and controlled.
Customers & Suppliers:
The collection and payment processes. Where does finance come from? Basic cash flow statements.
Understanding the composition of the Profit and Loss Account. Computing profitability ratios. The Balance Sheet explained. Using financial ratios. Interpreting results and making comparisons between companies.
Costing and Budgeting:
How we classify costs and set standards? Different costing methods used in business. Basic forecasting techniques. Preparing a departmental budget. Comparing actual performance with the budget. Exercises and Case Studies.
About Course Provider
London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.
London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.