Welcome

Finance and Accounting

Learn how to deal with the financial aspects of decision making, enabling you to successfully combine your technical abilities with sound commercial judgment.

In increasingly competitive markets organisations look to staff that have financial skills and can be relied upon to successfully combine technical abilities.

This course will provide you with a grounding in the principles of accounting, an understanding of the terminology and an appreciation of the practical application of accountancy to help you develop your financial management skills.

By attending this course you will learn how to:

  • understand the qualifications and roles that different accountants perform
  • simplify the complex and jargon-laden world of finance
  • consider sources and applications of funds in a business
  • understand and prepare a profit-and-loss account, balance sheet, cash-flow statement and how to build a budget and understand budgeting terms
  • interpret financial statements through ratio analysis
  • make decisions based on management accounting information.

Course objectives

• To provide a grounding in the principles of accountancy
• To provide an understanding of the terminology
• To provide an appreciation of the practical application of accountancy

Aligned with UK-SPEC competence:

C: Responsibility, management or leadership

Course availability

Location Dates Duration Course code

London

19 - 21 June 2018 3 days FAFLO

Book now

Book by 19 April for the Early Bird rate

London

04-06 December 2018 3 days FALLO

Book now

Book by 04 October for the Early Bird rate

Alternatively, fill in our booking form and return it to pdcourses@theiet.org.

Terms and conditions of booking.

Fees

Member Price

Early Bird (two months in advance) £849

Standard £949

N.B. Prices subject to VAT

Non-Member Price

Early Bird (two months in advance) £999

Standard £1099

N.B. Prices subject to VAT

Who should attend?

The course is aimed at engineers and technologists at all stages of their career who deal with the financial aspects of decision making or who need to understand finance to help them work alongside and communicate with accountants.

It will also be of benefit to those studying for an engineering qualification where accountancy is one of the subject areas.

Course programme

Day One - Engineers Guide to Financial Accounting

  • Reviewing profit and loss accounts, balance sheets, and cash flow statements;
  • Considering sources and applications of funds in a business including assets, liabilities, expenses and revenues;
  • Fixed assets and depreciation are explained together with the adjustments made to accounts in the form of accruals/reserves,
  • prepayments and stock;
  • Interpretation of financial statements is introduced through ratio analysis.

Day Two - Engineers Guide to Management Accounting

  • Essential terms and the way in which the accountant views costs are explained;
  • The various methods of arriving at costings are considered and reviewed;
  • Budgeting terms and the building of a budget are explained;
  • Using the knowledge acquired preparation of a forecast profit and loss account, balance sheet, and cash requirement is undertaken.


Day Three - Engineers Guide to Financial Planning

  • Simplifying the complex and jargon-laden world of the financial manager;
  • Examining the accountant's view of varying types of investment;
  • Reviewing the risk and uncertainty attached to investment decisions;
  • Considers the alternative forms and sources of finance available and reviews the associated costs and risks.

Related courses

If you would like to book 5 delegates or more on to this course you may benefit from having this course delivered in-company


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