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Sustaining Effective Financial Control

This Sustaining Effective Financial Control course is a one-day workshop style course which will demonstrate how, by accessing the correct financial information, you can sustain the financial health of your company and improve profitability and cash flow. The course is designed for busy profit responsible or cost centre managers.

Managers will be invited to bring examples of their own financial reports.

This Sustaining Effective Financial Control course is available throughout the UK.

CPD Value 5.5 Hours

Select specific date to see price, venue and full details.

Learning Objectives

  • the information needed to maintain effective financial control
  • understand key measures of financial performance
  • actions to improve the profitability and cash flow of your business

Course Content

9.30 - 9.45 Coffee & course objectives

9.45 - 10.30 What information is needed:

  • time frame
  • format
  • accuracy

10.30 - 11.15 Reading your profit and loss account

  • what it tells you
  • what it doesn't tell you
  • applying ratios and measures of performance
  • benchmarking against your competitors

11.15 - 11.30 Coffee break

11.30 - 12.45 Actions to improve profitability

  • fundamentals of costing
  • knowing your break even point
  • understanding how costs may vary with sales
  • key measures of efficiency and productivity
  • identifying your key performance drivers
  • using budgets; dealing with variances

12.45 - 13.30 Lunch Break

13.30 - 14.30 Understanding your Balance Sheet

  • what it tells you - how much is invested
  • what it doesn't tell you
  • identifying working capital
  • applying ratios and measures of performance

14.30 - 15.30 Managing working capital

  • stock management
  • debtors and credit management
  • creditors and other payments

15.30 - 16.15 Managing your cash resources

  • understanding cash flow forecasts
  • profit v. cash

16.15 - 16.30 Action plans - what will you do now?

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