Courses / Accounting, Budgeting and Forecasting
Accounting, Budgeting and Forecasting
- Provider
- WWP Training Ltd
- Course ID
- FINAN
- Summary
- This programme provides an opportunity for you to discuss, understand, and practise some of the financial skills needed by managers and budget-holders in today’s working environment. The programme includes presentations, exercises and discussions.
About the Course
- Target
- This programme is for you if you have any form of budget responsibility or any other form of financial accountability.
- Entry requirements
- Outcome
- On completion of this programme you will be able to:
• Understand the information in the key accounting documents and be able to assess financial performance
• Analyse the cost structure of an organisation and identify the key cost drivers
• Construct a budget for your team or department
• Produce a financial forecast of performance for the coming months
• Understand how to use your budget to drive performance improvements
• Build a budget for a project or sales tender
• Explain the significance of cash flow to a business
- Content
- Accounts
• Why are accounts needed?
• Key conventions and rules
• Financial accounts
• Management accounts
• Analysing key financial statements
Analysing the cost structure
• Different types of cost – fixed, variable
• Marginal costing
• Full costing
• Cost drivers and activity based costing
• Breakeven and contribution analysis
• Margin analysis
Forecasting
• What is it?
• Forecasting techniques
• Forecasting accuracy
• Frequency of forecasting
Budgeting
• What is the difference between budgets and forecasts?
• How to build your budget
• Using your budget to drive performance
• Project and bid budgeting
• Introduction to using spreadsheets for budgeting
Management accounts
• Setting the right performance measures
• How to read management accounts
• Using them to control performance
The importance of liquidity
• Factors affecting cash flow
• The cash flow cycle
• Cash flow forecasts
• What it costs to maintain liquidity
Review of Programme - Cost
- Following course delivery, we ensure that you continue to receive the full benefit of our training programmes (excluding Technical programmes) by offering 12 months free telephone support during normal office hours - boosting confidence and providing expert advice when you need help to solve a problem quickly.
- Enrolment
- For more information contact the provider.
Availability
- Starts
- Please contact the provider to arrange on site training dates.
- Duration
- 2 days
- Timetable
- Contact course provider for details.
- Provider
- WWP Training Ltd
Venue and Contact details
Main
39 - 45 Victoria Street
Windsor
Berkshire
SL4 1HE
UNITED KINGDOM
Telephone 01753 857 828
Fax 01753 858 615
Email info@wwp.co.uk
Website http://www.wwp.co.uk
Contact Notes Please contact the provider to arrange a venue.
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