Book your Making Sense of Finance - Essential Knowledge for Office Professionals/Secretaries and Pas Training Course

This two day course is being run four times between Thursday 16th February 2012 and Monday 5th November 2012 in London,

Book this course with us today from as little as £826.81 + VAT and with our price guarantee you can be confident of getting great value. Our team of experienced independent booking administrators will make the joining process painless and by providing feedback on your experiences you’ll also influence the Coursebookers independent course ratings.

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Locations/dates for this course
DateLocationRatingPrice
Thursday 16 February 2012LondonSave £102.19£826.81+VAT
Thursday 17 May 2012LondonSave £102.19£826.81+VAT
Wednesday 08 August 2012LondonSave £102.19£826.81+VAT
Monday 05 November 2012LondonSave £102.19£826.81+VAT
 

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Download Course Outline

Summary: 

Many people have a mental block when it comes to financial information and are therefore nervous about dealing with it. This overview takes the fear out of finance by removing the myths and explaining basic financial concepts in a manner that is straightforward and easy to grasp.

Audience: 

Suitable for office professionals, secretaries and PAs who want to build their skills and understanding of finance. This course will benefit individuals with little or no prior understanding of business finance and who are looking for an introductory overview of business finance and accountancy.

Objectives: 

By the end of this course you will be able to:

  • Remove the myths and fears about finance.
  • Understand the jargon that surrounds many financial transactions.
  • Read, understand and interpret balance sheets, profit statements and budgets.
  • Work more productively with colleagues from the finance department.
  • Prepare and monitor a budget and develop skills to ensure that they are met.
  • Utilise financial tools as a means of monitoring performance and ensuring that budgets are met.
  • Appreciate the importance of reducing unnecessary costs and working towards increased profitability.

Finance at Work

  • The nature of business; business goals; the importance of finance
  • Various types of business entities in the UK
  • Why do companies prepare accounts?
  • Who are the main users of financial information?
  • Brainstorming financial jargon into plain English
  • Finance as a means of measuring performance
  • Understanding capital and revenue and the importance of this concept
  • Understanding the distinction between financial and management accounting

An Introduction to the Key Financial Statements

  • Profit and loss accounts
  • The balance sheet
  • Cash flow statements
  • Reading the financial sections of an annual report
  • Comparing theory with practice; producing a simple set of accounts

Using Financial Information

  • Understanding the use of financial information as amanagement tool
  • What the accounts are really telling us
  • Understanding the bottom line

Budgeting Explained

  • Budgets: What are they? Why are they needed?
  • Understanding the budgeting process and your role in it
  • Case study: Preparing a budget; monitoring variances
  • The nature of costs (fixed and variable, direct and indirect)
  • Working out the break even point

Working Capital - Cash Flow Within an Organisation

  • Working capital: What it is? How do we monitor it? How can we maintain it?
  • The distinction between profit and cash flow

Why discrepancies between them occur eg

  • Cash as opposed to credit events
  • Effects of accruals/prepayments
  • Effects of depreciation

  • Case study: Undertaking a cash flow forecast

Personal Development

  • Formulating a personal action plan

Description: 

Many people have a mental block when it comes to financial information and are therefore nervous about dealing with it. This overview takes the fear out of finance by removing the myths and explaining basic financial concepts in a manner that is straightforward and easy to grasp.

Hemsley Fraser

Hemsley Fraser is a highly dedicated global innovator and leader in learning and people development. All courses are designed and delivered by highly skilled and knowledgeable consultants who are passionate about helping people learn. With over 32,000 customers worldwide and with an impressive portfolio with courses in excess of 1,700 unique subjects.

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