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Finance for Operations Directors


GoSkills

Summary

Price
£199 inc VAT
Or £66.33/mo. for 3 months... Read more
Study method
Online, self-paced
Qualification
No formal qualification
CPD
23 CPD hours / points

41 students purchased this course

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Overview

• Award winning instructor Ray Sheen, PMP

• Certificate of training upon completing the course

• Bite sized video tutorials, reference guides, exercise files and quizzes

• Unlimited testing

• Self-paced course can be completed in your own time over 12 months

• Accredited with CPD UK

CPD

23 CPD hours / points
Accredited by The CPD Certification Service

Description

  • Course Syllabus includes 46 practical tutorials

Finance Fundamentals

- Amount and Timing

- Revenues and Profits

- Cost and Investment

- Operations and Ownership

- Taxes and Currency

Financial Reports

- Earnings Statement

- Balance Sheet

- Cash flow Statement

- Relationships between Financial Statements

Ratios and Measures

- Profit Measures

- Return on… Ratios

- Working Capital Measurements

- Leverage and Liquidity Ratios and Measures

Budgeting

- Cost Account Characteristics

- Strategic Planning and Budgeting

- Business Budgeting

- Estimating

- Capitalization and Amortization

- Depreciation

- Financial Reserves

- Budget Baseline

Business Case

- Developing a Business Case

- Return on Investment (ROI)

- Payback Period

- Breakeven Point

- Net Present Value (NPV)

- Internal Rate of Return (IRR)

Variance and Forecasting

- Cost Behaviour

- Tracking Operational Expenses

- Tracking Project Expenses

- Cost Variance Reporting

- Forecasting Expenses

Operations Finance

- Product Cost

- Inventory Cost Management

- Make versus Buy

- Productivity

Earned Value

- Earned Value Analysis

- Determining the Earned Value

- Earned Value Variance Analysis

- Earned Value Forecasting

Who is this course for?

This online course is designed for non-financial operations directors who are looking to improve their financial skills for their role at work or in business. Learning how to apply financial concepts can help you improve efficiency when managing projects, leading the team, and solving problems. The course includes 46 beginner level lessons delivered in bite sized, engaging video tutorials by award winning instructor, Ray Sheen.

Career path

Administration, Business & Management, Financial Management

Questions and answers


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AR asked:

How basic is this beginner course? Is it at the absolute introductory level?

Answer:

The Finance for Operations Directors course starts with basic lessons. You will learn the fundamental financial concepts in business and their uses and be able to interpret data on financial reports and how these reports impact each other. You will then go into more advanced lessons as you delve into operations finance principles: product cost, inventory cost management, make versus buy. We do offer a Finance for Non-Financial Professionals that is just the basics.

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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