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London Business Training & Consulting Accounting and Finance Essentials for Managers

London Business Training & Consulting

Accounting and Finance Essentials for Managers

London, United Kingdom

5 Days

English

Full time

Request application deadline

Jun 2025

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On-Campus

Key Summary

    About: The Accounting and Finance Essentials for Managers course provides students with a foundational understanding of key financial principles. This program is geared towards current and aspiring managers who want to enhance their decision-making skills based on financial data.
    Career Outcomes: Graduates can pursue opportunities such as financial analyst, accounting manager, or finance director. Skills gained can help in roles where strategic financial management and analysis are crucial.

Introduction

Overview

This course is for anyone needing a basic understanding of business finance and insights into operational decision-making. It will:

  • show operrational staff the financial consequences of their activities.
  • demonstrate the combination of KPIs and regular management information is vital to an organization’s operational success.
  • explain how the finance function contributes to the effective use of resources.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Agenda

Importance of Financial Management

  • The elements of financial management
  • Key accounting terms and terminology
  • How cash and profit differ
  • The two main financial reporting statements: the income statement and the balance sheet

Measuring Financial Success

  • Measuring management success
  • Measuring risk and return
  • The importance of cash flow and working capital
  • Budgeting and budgetary control

Managing Financial Resources

  • The importance of cost behaviour
  • Cost management
  • Opex and Capex
  • Break-even analysis

Communicating with your Accounting Colleagues

  • Defining your need for financial information
  • Making communication and feedback systemic and systematic
  • The use of two way coaching to improve mutual understanding

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Target Audience

This course is suitable for staff who wish to improve their understanding of how accounting and finance can help in their decision-making and how this impacts on the organization’s financial position.

Learning Outcomes

Upon completion of this course, you will understand:

  • The relevance of finance to operational decision-making.
  • The relationship between operational and financial measures.
  • Why a deeper understanding of cost and cost behaviour can help operational staff.
  • How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
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