Course overview
This course is for anyone needing a basic understanding of business finance and insights into operational decision-making. It will:
- show operational staff the financial consequences of their activities.
- demonstrate the combination of KPIs and regular management information is vital to an organisation’s operational success.
- explain how the finance function contributes to the effective use of resources.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to applying the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
What you'll learn
Upon completion of this course, you will understand:
- The relevance of finance to operational decision-making.
- The relationship between operational and financial measures.
- Why a deeper understanding of cost and cost behaviour can help operational staff.
- How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
Study method
- Online
- Blended
- In-class
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Duration study load
- 1 week
Course features
- Management consultation service
- Paperless service delivery model
- Flexible open course schedule
Who's it for?
This course is suitable for staff who wish to improve their understanding of how accounting and finance can help in their decision-making and how this impacts on the organisation’s financial position.
Subjects
- The elements of financial management
- Key accounting terms and terminology
- How cash and profit differ
- The two main financial reporting statements: the income statement and the balance sheet
- Measuring management success
- Measuring risk and return
- The importance of cash flow and working capital
- Budgeting and budgetary control
- The importance of cost behaviour
- Cost management
- Opex and Capex
- Break-even analysis
- Defining your need for financial information
- Making communication and feedback systemic and systematic
- The use of two-way coaching to improve mutual understanding
About London Business Training & Consulting
London Business Training & Consulting (LBTC) is a business and management training and consultancy service provider operating out of its head office in Hammersmith, West London. For over fifteen (15) years LBTC has catered for the learning & development needs of innumerable individuals and organisations of all sizes from all over the world.
Our customised approach to every management solution we deliver has afforded our clientele world-class business performance. As a result, LBTC benefits from regular re-engagement by our clients year after year, or every time they encounter a business challenge that is seemingly insurmountable.
