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Financial Analysis and Control Systems

Introduction

This core module is the first of two finance modules. It provides an understanding of the main accounting statements together with an awareness of basic accounting principles, terminology and techniques, so that participants can interpret financial reports and interpret financial information. An introduction to management accounting practices as an aid to effective operational financial planning and control is also included.

Objectives: On completion, the participant will be capable of:

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

Contents:

  1. Control of Business Resources.
  2. Financial Reports.
    • The Balance Sheet.
    • Assessment and Reporting of Profit.
    • Cash Flow Statements.
  3. Structured Approach to Ratio Analysis.
  4. Cash Flow - Its Control and Implications to the Business.
  5. Profit/Volume Relationships and the Calculation and Interpretation of Performance Indicators.
  6. Costing and Techniques to Ascertain, Recover and Control Costs.
  7. Activity Based Costing.
  8. Budgetary Control Systems and Techniques.
  9. Capital Expenditure Evaluation and Financial Evaluation of Projects.
  10. Annual Report and Accounts.

Mode of delivery:

Please note that depending on Programme the mode of delivery may vary.