Finance for Non-Financial Managers -Thursday 30 and Friday 31 October 2008

Date: 30th October 2008 at 9:30 AM to 31st October 2008 at 4:30 PM

Trainer: Alan Pook, Reed Learning

Venue: Antrim Civic Centre, 50 Stiles Way, Antrim

Cost: £120

Other Information:

This two-day course is for all managers who have financial accountability and/or budgetary management responsibility.  Managers at all levels are increasingly expected to understand the financial impact of their day-to-day decisions.  This course is designed to provide participants with an understanding of financial jargon and a toolkit which will enable them to improve financial management and control.

COURSE OBJECTIVES:

• The jargon explained
• Improved financial management
• Control using Budgets
• Be able to better-interpret financial information

Course Content

The Need to Account

Key Concepts Explained

• Capital and Revenue
• Surplus (Profit for the trading entity) & Cash
• Accruals & Prepayments – their impact and importance
• Depreciation & Amortisation (overview only)

The impact of Value Added Tax – an introduction to its operation, rates and impact

Financial Statements Explained

• The Income andExpenditure Account                                                                     
• The Trading & Profit and Loss Account (trading operations)
• The Balance Sheet

Working Capital and its Importance

• key issues – stock, debtors, creditors

Interpreting financial information

• Key Performance Indicators - assessing grant applications

Introduction to Capital Investment Appraisal

Risk analysis – identification and evaluation

• Compliance – the accounting manual and generic purchasing controls
• Contractual Terms and financial issues
• Employing subcontractors

Introduction to Budgeting – input to and managing within budget

• Budgeting for the Capital Programme, Revenue and Cash
• Interaction between the budgetary statements
• Funding via borrowings, hire purchase, leasing and direct revenue sources (an overview)
• Control using budgets – Variance Analysis

Action planning

Materials provided include a detailed workbook, which contains both worked examples and practical exercises and provides an excellent post course reference. 

Bookings should be made online by the TLO, or someone authorised by the TLO.

Note to TLO'S - If you wish to amend the name of the delegate attending the course please Email the details, ie,  Name, Course, Date and new participant name to andrew.morton@lgsc.org.uk

Cancellation Policy:

Substitutions may be made at any time, but please give as much notice as possible.  In the event of a cancellation notified between two weeks and one week before the start of a course, a charge of £60 per training day will be levied.  For a cancellation less than one week before the start of a course, or a nominee's failure to attend a course, a cancellation fee of £120 per training day will be charged to councils.  This principle will also be applied if a participant fails to attend on any day of a course lasting two or more days.  No charge will be levied if a cancelled place is filled from a reserve list.

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