Accounting Treatment of Financial Operations
Classroom based course with study materials, lecturer support and CPD Hours included
London Training For Excellence
Summary
- Tutor is available to students
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Location & dates
South West London
London
SW59NB
United Kingdom
Overview
Understanding and interpreting financial operations is essential for all levels within a business, both within and outside of the finance department in order to fully contribute to the success of the business. In this course you will be trained in a full scope of financial operations and reporting, supported by a core learning of the important aspects of theory through the use of practical training methods and techniques.
By the end of this interactive training programme, you should be able to:
- Understand the basic areas of accounting and finance, the terminology and the structure
- Use a range of practical analytical skills for interpreting and handling financial operations
- Understand the key elements of accounting in the context of a practical working environment
- Be more confident about dealing with financial operations, particularly when reviewing other companies’ financial data
- Read and interpret information presented in financial reports
- Make better decision based on your skills in financial operations
CPD
Description
Understanding different types of Financial Operations:
- Who uses financial operations and why?
- The flow of operations in a company
- Distinguishing different types of operation
- Core accounting terminology
- Reporting formats
The Cash Cycle:
- Cash versus profit
- The flow of money in and out of a company
- How cash flow is managed and controlled
- Customers & Suppliers: The collection and payment processes
- Origins of financial operations
- Standard cash flow statements
Financial Statements:
- Understanding the composition of the Profit and Loss Account
- Computing profitability ratios
- The Balance Sheet explained
- Using financial ratios
- Interpreting results and making comparisons between companies
Costing and Budgeting:
- Classifying costs and setting standards
- Different costing methods used in business
- Basic forecasting techniques
- Preparing a departmental budget
- Comparing performance and budget
- Exercises and Case Studies
Who is this course for?
- Those required to take on financial responsibilities alongside an operational role
- Financial workers looking to expand their knowledge beyond their current experience, particularly if they are considering taking up professional qualifications
- Employees in other departments wanting to acquire a broader understanding of finance to improve their current role or plan their future career
- Any employee/business owner who use financial operations in their job and are called on to make financial decisions
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