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Sustaining Effective Financial Control- Virtual Training


Practical Training for Professionals

Summary

Price
£336 inc VAT
Study method
Online + live classes
Duration
Full-time
Qualification
No formal qualification
CPD
6 CPD hours / points
Additional info
  • Tutor is available to students

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Overview

This Sustaining Effective Financial Control course is a one-day workshop style course which will demonstrate how, by accessing the correct financial information, you can sustain the financial health of your company and improve profitability and cash flow. The course is designed for busy profit responsible or cost centre managers.

CPD

6 CPD hours / points
Accredited by Approved by Law Society

Description

Sustaining Effective Financial Control- Virtual Training - Timetable

9.30 - 9.45 Coffee & course objectives

9.45 - 10.30 What information is needed:

  • time frame
  • format
  • accuracy

10.30 - 11.15 Reading your profit and loss account

  • what it tells you
  • what it doesn't tell you
  • applying ratios and measures of performance
  • benchmarking against your competitors

11.15 - 11.30 Coffee break

11.30 - 12.45 Actions to improve profitability

  • fundamentals of costing
  • knowing your break even point
  • understanding how costs may vary with sales
  • key measures of efficiency and productivity
  • identifying your key performance drivers
  • using budgets; dealing with variances

12.45 - 13.30 Lunch Break

13.30 - 14.30 Understanding your Balance Sheet

  • what it tells you - how much is invested
  • what it doesn't tell you
  • identifying working capital
  • applying ratios and measures of performance

14.30 - 15.30 Managing working capital

  • stock management
  • debtors and credit management
  • creditors and other payments

15.30 - 16.15 Managing your cash resources

  • understanding cash flow forecasts
  • profit v. cash

16.15 - 16.30 Action plans - what will you do now?

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