Budget Management and Control
13/10/2024Finance and Accounting Fundamentals
13/10/2024Business Financial and Accounting Skills
£4,000.00
Overview:
This program enhances participants’ business financial and accounting capabilities, focusing on managing financial operations, decision-making, and accurate financial reporting. Participants will gain a strong foundation in business finance and accounting practices.
Program Objectives:
By the end of the program, participants will be able to:
- Understand principles of financial accounting and reporting.
- Develop and manage budgets and financial plans.
- Analyze financial statements and performance.
- Apply cost accounting methods for efficiency.
- Implement financial management and control best practices.
Target Audience:
- Accountants
- Financial Managers
- Business Analysts
- Finance Officers
- Managers involved in financial decision-making
Program Outline:
Day 1: Fundamentals of Financial Accounting
- Principles and concepts of financial accounting
- Understanding the accounting cycle
- Preparing and interpreting financial statements
- Key accounting policies and standards
Day 2: Budgeting and Financial Planning
- Importance of budgeting in business
- Types of budgets: operational, capital, cash flow
- Steps in the budgeting process
- Monitoring and controlling budgets
- Best practices in financial planning
Day 3: Financial Statement Analysis
- Techniques for analyzing financial statements
- Key financial ratios and interpretation
- Assessing business performance and financial health
- Conducting variance analysis
Day 4: Cost Accounting and Management
- Cost accounting principles and methods
- Activity-based costing and applications
- Using cost information for decision-making
- Practical examples of cost management
Day 5: Financial Management and Internal Controls
- Principles of financial management
- Managing working capital and cash flow
- Internal controls in financial management
- Financial risk management and compliance