Those in the public sector often face managing different projects across multiple budgets to meet all stakeholder expectations. To make these strategic decisions, it is important to understand the principles and methods of sound financial management.
This course is suitable for anyone who needs to develop a core understanding of financial and accounting terminology and techniques, particularly focusing on how to read and interpret financial statements, such as the Balance Sheet and the Profit and Loss Account.
This highly interactive course will give you the key skills to confidently manage financial aspects of your role. Join our expert trainer, Ian Cornelius, and take away vital tools and techniques of solid financial management, as well as reviewing real-life case-studies that exemplify best-practice.
|About the Chair: Ian Cornelius
|Ian Cornelius, the founder and director of Cashability, has over twenty years’ experience in business finance education and advisory work. Starting his career at Price Waterhouse, he quickly found his calling as a trainer, designing and delivering business training courses to PW’s clients and staff.
After a spell in industry as the Financial Controller of Halfords, Ian joined ATC as their head of operations in Birmingham. He initially focused on the key professional exam markets (ACA, ACCA, CIMA and AAT) where he specialised in teaching financial management and management accounting subjects.
Subsequently this led to 10+ years in professional bespoke business education. Ian has specialised in the delivery of practical finance training programmes for operational staff, developing their financial literacy and commercial astuteness.
He has also lectured on the MBA programmes at Aston and Warwick Business Schools, and written two books (published by FT Prentice Hall) on shareholder value and Value-Based Management (VBM).
09:45 - 10:00
10:00 - 11:00
Trainers welcome and introduction
11:00 - 11:15
Key Financial Fundamentals: Part 1
- Concept of surplus
- The difference between surplus and cash
- The statement of financial position
11:15 - 12:00
12:00 - 12:45
Key Financial Fundamentals: Part 2
- Key concepts and subjectivities
- Overview of terminology
13:00 - 13:45
WORKSHOP: Financial Decision Making in your Organisation
- Making the distinction between full cost and marginal costs
- Understanding relevant costs for decision making
- Longer-term capital decisions
14:45 - 15:00
Budgeting Theory and Practise
- Incremental versus zero-based budgets
- Understanding what drives costs
16:00 - 16:15
WORKSHOP: Budgetary Control
- Best practise variance analysis
- Understanding how to manage and recover from cost overruns
16:15 - 16:30
Feedback and Evaluation
etc. Venues – Marble Arch, London
86 Edgware Road
020 7793 4200