Duration 1 Day

Who should attend?

Senior Managers who are making operational decisions who need to understand the financial consequences. You are likely to have a role where you are frequently exposed to financial issues and discussions and you want to increase your understanding of the terminology and principles being used

Learning Outcomes

  • Describe the main accounting statements and how they link together
  • Understand the difference between historic accounting and future forecasting
  • Explore how different accounting treatments can lead to very different accounting results
  • Discuss key finance terms such as depreciation, accruals, prepayments and how these may be calculated
  • Review the high level principles of pension accounting and the impact that this can have
  • Discuss the impact of working capital management and your role in this
  • Review your own accounts and information presented to you
  • Consider how to read financial statements and how they may be used in different circumstances
  • Discuss what other methods are used to manage reporting and how these link to budgets and targets at local and group level
  • Consider the responsibilities of senior managers

Course Content

  • Key accounting statements
  • Historic cost accounting
  • Forecasts
  • Different accounting treatments
  • Key accounting terms
  • Pensions overview
  • Impact of working capital
  • Own accounts review
  • Reading financial accounts