Finance for Non-Finance Managers - Advanced

Pricing

Cost for BPP PD Members: £520 + VAT 11 CPD Hours
(£1039.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Delegates

This course will benefit non finance staff of any level who want to develop their understanding of the basics of accounting. This understanding will allow attendees to penetrate the mystique of accounting jargon which can so often present a barrier to working more effectively with finance colleagues. Use is made of worked examples with pro-active guidance from the presenter with the objective being to aid understanding rather than test prior knowledge. It will also develop skills gained through attending BPP’s Finance for Non-Finance Managers - Essentials

The Course

  • The key concepts that underpin accounting including the ‘matching’ or ‘accruals’ principle and why this means that cash and profit are typically different.
  • A review of the profit and loss account (aka the income statement), the balance sheet (aka the statement of financial position) and the cash flow statement (aka the statement of cash flows). This includes an appreciation of how these three ‘primary’ statements interact with each other.
  • A walk through some of the key aspects of a set of published accounts (an actual report and accounts is used as a reference point). This allows an overview and explanation of some of the terminology used in accounting covering concepts such as accruals, prepayments, depreciation, amortisation, debtors/receivables, creditors/payables, stock/inventory, bad debts, stock/inventory write downs, fixed/non-current assets, and capital expenditure.
  • A presenter led example of double entry bookkeeping using debits and credits. The objective is for delegates to understand the concepts and terminology and the process by which the vast majority of companies worldwide prepare their accounts. It is not expected that delegates will become proficient in double entry bookkeeping (this is more the focus of the four day course ‘Introduction to accounting’).
  • An understanding of - and calculation of - the key ratios used by management and analysts to interpret a set of accounts. These ratios include profit margins, return on capital employed (ROCE/ROA), asset turnover, stock/inventory days, debtor/receivable days (aka days sales outstanding or DSO), creditor/payable days, gearing and interest cover. Alternative measures of profitability are considered including the widely used EBITDA (earnings before interest, tax, depreciation and amortization).
  • Appreciation of the need to plan ahead and have control systems through corporate plans, budgets and forecasts.
  • Reference will be made throughout the course to the judgements required in preparing a set of accounts – and also the associated risk of the manipulation of profits.

Learning outcomes include a greater understanding of:

  • How to read and draw conclusions from a balance sheet and a profit and loss account
  • How to assess the accounts of a business in terms of profitability, solvency and risk

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."


Course Dates

Location Dates Time Availability  
London 05 - 06 Dec 2018 9:30 AM - 4:30 PM  Limited Book Now
London 14 - 15 Feb 2019 9:30 AM - 4:30 PM  Spaces Book Now
London 15 - 16 Apr 2019 9:30 AM - 4:30 PM  Spaces Book Now
London 13 - 14 Jun 2019 9:30 AM - 4:30 PM  Spaces Book Now
London 14 - 15 Aug 2019 9:30 AM - 4:30 PM  Spaces Book Now
Manchester 10 - 11 Sep 2019 9:30 AM - 4:30 PM  Spaces Book Now
London 14 - 15 Oct 2019 9:30 AM - 4:30 PM  Spaces Book Now
Birmingham 06 - 07 Nov 2019 9:30 AM - 4:30 PM  Spaces Book Now
London 18 - 19 Dec 2019 9:30 AM - 4:30 PM  Spaces Book Now

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