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