Date	11 Oct 2010, 8 weeks
Price	EUR 439.00 / GBP 349.00
Get	Course brochure [257kb]
Book	Book now online or learn about other ways of booking

Length	8 Modules - immediate download available (when paying online)
Price	EUR 330.00 / GBP 300.00 (+VAT @ 17.50)% Members of our Training Partnership scheme pay EUR 330.00 / GBP 300.00 (+VAT @ 17.50%)
Book	Book now online or learn about other ways of booking

Course overview

Finance and accountancy is called ‘the language of business’. This is because the measures of success and failure in business are expressed in financial terms. As a result, people who have a working knowledge of this language are far better placed to take an active role in key business decisions. For those without a background in finance this information can prove difficult to acquire.

This 8 module course will improve your understanding of the way in which the financial dimensions of your business can directly affect the overall commercial operation and financial results of your company. Anyone who deals with financial information on a daily basis but does not have a financial background will benefit.

This distance learning course will:

• ENHANCE your understanding of the financial dimensions of your business
• BREAK THROUGH the financial jargon to enable you to speak confidently with your financial colleagues
• INCREASE your confidence when making key decisions based on financial information
• IMPROVE your budgetary control to increase the financial efficiency of your business
• DETAIL key cost accounting techniques to improve your financial control
• IDENTIFY the key financial indicators and practically illustrate how to apply them effectively
• REDUCE the impact that poor cash flow management can have on profitability
• EXPLAIN the key policies, standards and financial concepts and how they operate in practice
• DEMYSTIFY how to cope with overheads and activity-based costing

This course will benefit

• Managers
• Team leaders
• Technical specialists
• Office managers
• Department heads

FEATURING – ONLINE FINAL ASSESSMENT

Upon completion of the course there is an OPTIONAL final assessment in the form of an online multiple-choice paper. This is evaluated by the Academy of Distance Learning in Business training faculty.

Course modules

Module 1: demystifying finance

• Introduction
• Interpreting the balance sheet
• The UK and US balance sheet

Module 2: how healthy are we?

• The two key indicators
• Are we in profit? The P&L statement
• What does the P&L reveal about the business?
• US income statement
• A paper profit – but are we solvent? – The cash flow statement
• What can the cash flow statement tell us?

Module 3: the importance of records and systems

• The difference between accounting records and accounting systems
• Systems and procedures
• Classic ledger structure
• Sales system and purchase system
• Wages system
• Audit function

Module 4: concepts, policies and standards

• Why do we need concepts and rules?
• Fundamental concepts in operation
• Accounting policies and standards
• ‘Creative accounting’
• Managing your working capital
• Conducting break-even analysis

Module 5: interpreting the accounts

• Ratio analysis
• Profitability ratios
• Asset turnover analysis
• PE’s, Footsie, yields and gilts: understanding the financial press
• Bench marking

Module 6: cash budgeting

• Cash flow forecasts
• What is capital expenditure?
• Discounted cash flow techniques and measures
• Sensitivity analysis
• Costing for planning
• Planning and break-even analysis

Module 7: controlling those costs

• Full costing – coping with overheads
• Tackling the problems of overhead allocation
• Activity-based costing
• The volume-cost-profit relationship

Module 8: figures we can believe in?

• The budget
• The operating budget
• Why budget?
• Budget stages explained
• How to budget
• Budget objectives and company culture
• Budget systems and techniques
• Secrets of cash management
• Techniques for effective profit management
• Making a quantum leap: achieving dramatic growth
• Glossary of helpful terms

Course contributors

Stephen Brookson is an independent consultant, and specialises in the provision of practical business development consultancy and training programmes. He qualified as a Chartered Accountant in 1980 with Peat Marwick and, after a period at Grandmet plc, joined a leading organisation in the provision of training for chartered accountants in practice. During this time he gained extensive experience of writing, developing and presenting programmes on accountancy and taxation. He then joined Ernst & Young for a number of years as a consultant, leaving them to set up his own management and training consultancy business.

Paul Elkin is Managing Director of TMMi group, which provides consultancy services with a particular focus on business strategic development, performance management and corporate image. He is a Fellow of the Chartered Institute of Management Accountants and an experienced management consultant. Paul is the author of a series of practical ‘reference guides’ covering finance, strategy and business awareness and supports the delivery of MBA programmes in the areas of strategy and finance. He has also been involved in a range of initiatives in Europe for major corporates including ABB, Philips, International Paper and General Motors.

Sultan Kermally holds degrees in economics, sociology and law and diplomas in finance and accounting, marketing and education. He is a learning facilitator and management writer. He designs and delivers training courses in business strategy, managing people, managing performance, managing knowledge and personal development. He has conducted training all over the world. He has been involved in management education and development for a number of years including distance learning management education courses. He is tutoring MBA modules for the Open University Business School and Durham University Business School.

Barrie pearson is Chief Executive of Realization. The company provides world class coaching and mentoring to entrepreneurs and chief executives in the two or three years before their exit, to help them groom their business to realise maximum value. He is the author of twelve books. He has presented seminars on corporate finance in the UK, Europe, New Zealand and the Far East.

Ralph tiffin is managing partner of a successful accountancy and consultancy practice. He has a wealth of experience of organisations throughout the world.

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Client portfolio

Our client portfolio for this course includes the following companies:

Abcam K K	IFM Electronic ltd	Raytheon Systems Ltd
Alstom Power Ltd	John Pickering & Partners LLP	Rotork Controls Ltd
Aston Martin Lagonda Ltd	LexisNexis	SEAMS Ltd
BAE Systems Management Services Ltd	Linde Material Handling South East Ltd	SMC Pneumatics (UK) Ltd
CMB Building Maintenance & Investment Co Ltd	London Ambulance Service NHS Trust	Southern Co-operatives Ltd
Cameroon Civil Aviation Authority	Martec International Ltd	Sunrise Medical Ltd
Computer Associates plc	Medaire	TT Electronics plc
Conister Trust LTD	Morton Fraser	Thales Defence Ltd
Dohle (IOM) LTD	National Grid Transco plc	Thales Missile Electronics Ltd
Dulcelino Vicente Ferreira	New Look Group Ltd	The Insolvency Service
Experian Ltd	OSG Ship Management (UK) Ltd	The Royal British Legion Poppy Factory
Finsbury Orthopaedics	Orchid Data Systems Ltd	Tiscali UK Ltd
FiveTen group	Oxford Policy Management	Transocean UK Offshore
Gamestation Ltd	Pindar Graphics Scarboroug	UCB-Celltech plc
Global Marine Systems Ltd	Prostrakan	Wallenius Wilhelmsen Logistics
Helemma Ltd	Queens University Belfast	Welsh Ambulance Services NHS Trust
Hertford Cardiology	Ransomes Jacobsen Ltd	West London YMCA

More information

The following documents are available for this course:

• Sample module [134kb]

Falconbury’s distance learning programmes have been certified by the Academy of Distance Learning (ADLiB).. ADLiB supplies an unbiased authentication of, and quality assurance for, distance learning programme providers.

Upon course completion, distance learning participants are invited to undertake a final external assessment in the form of an online multiple-choice paper.

Participants are required to achieve a pass rate of 80% and above to ensure that a high level of competence has been achieved within the subject area and to receive the advanced ‘Certificate of Excellence’. The final external assessment can be taken up to three times, thereafter the ‘General Certificate of Course Completion’ will be issued.

NB: The final external assessment is an optional appraisal and those participants not wishing to undertake it will automatically receive the ‘General Certificate of Completion’ for their personal development/training profile.

Find out more about ADLIB here.

Academy of Distance Learning in Business

ADLiB

Falconbury’s distance learning programmes have been certified by the Academy of Distance Learning (ADLiB). ADLiB supplies an unbiased authentication of, and quality assurance for, distance learning programme providers.

Upon course completion, distance learning participants are invited to undertake a final external assessment in the form of an online multiple-choice paper.

Participants are required to achieve a pass rate of 80% and above to ensure that a high level of competence has been achieved within the subject area and to receive the advanced ‘Certificate of Excellence’. The final external assessment can be taken up to three times, thereafter the ‘General Certificate of Course Completion’ will be issued.

NB: The final external assessment is an optional appraisal and those participants not wishing to undertake it will automatically receive the ‘General Certificate of Completion’ for their personal development/training profile.

Find out more about ADLIB here.

International Association of Distance Learning

The International Association for Distance Learning (IADL) promotes excellence in open, distance, and online learning worldwide, and provides a benchmark through which global consumers can gauge the quality of courses offered by their members.

 

The IADL is an independent, non-profit organisation with its principal administrative offices in London in the United Kingdom. Find out more.

 

Falconbury are an Approved Member of the International Association for Distance Learning. Please see our IADL membership certificate

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