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Financial analysis and control systems

Aim

  • To enable participants to understand the main accounting statements together with awareness of basic accounting principles, terminology and techniques, so that they can interpret financial reports and interpret financial information as an aid to effective operational financial planning and control.

Outline Syllabus

  • Introduction to business finance.
  • Financial statements.
  • Profit vs. Cash. Control of cash flow and its implications.
  • Interpretation of accounts.
  • Budgetary control systems and techniques.
  • Costing techniques to ascertain, recover and control costs.
  • Marginal costing and contribution analysis.
  • Absorption and activity based costing.
  • Capital expenditure evaluation and financial evaluation of projects.
  • Interpretation of annual report and accounts.

Learning Outcomes

  • Building and interpreting a financial model for a business.
  • Differentiating between profit and cash and the impact on business and operational activities.
  • Planning and evaluating capital and revenue expenditure.
  • Reading and interpreting financial reports, including published accounts.
  • Applying and interpreting financial ratios to internal and external accounting information.
  • Understanding the principles and management implications of alternative costing methodologies.
  • Planning, budgetary control accountability and responsibility for financial performance.