EARLY-CAREER | UK-SPEC: C,E | ONE DAY | IN-PERSON
Unpuzzling finance in-company training course
This course can be delivered in-company or at IET Stevenage: Futures Place
About the training course
Finance doesn’t have to be a puzzle. And if you want to get anywhere with your career, it had better not be!
Whatever your role, you have an impact on the financial wellbeing of the organisation you work for, whether you’ve got specific financial responsibilities or not.
This thoroughly practical, fun and enjoyable one-day workshop will help unpuzzle finance for you. It’s an ideal opportunity to master the terminology, get to grips with the concepts, learn how ‘the finance department’ works and understand the part you play.
Zahoor Bargir
Author of Unpuzzling Finance, Zahoor Bargir is a personable and versatile trainer who is experienced in delivering training that is interactive, effective and fun. A qualified accountant by profession, he worked in numerous sectors before specialising as a trainer.
Drawing on his extensive industry experience, Zahoor takes a very pragmatic approach to training whereby participants are encouraged to share their own thoughts and experiences.
Having worked at some of the largest companies in the world, such as PwC, DIAGEO and UNICEF, as well as start-ups and other SMEs, has made it easier for him to train staff from a variety of sectors.
His clients include Transport for London, Channel Four, ABN AMRO, Capita PLC, Wincor Nixdorf, Sony, HM Prisons, Fullers Brewery, Companies House, numerous county councils, HM Treasury and the Civil Service.
- Appreciate the role and importance of finance within organisations
- Be able to recognise and describe some of the common items and jargon used
- Identify the elements of the profit and loss and the balance sheet
- Understand cashflow
- Make better decisions
- Manage budgets
Who should attend?
Anyone involved in spending money, generating income or managing/controlling a budget.
Day one - Workshop
Introduction
- Expectations
- Terminology
- Key financial principles:
- Accruals
- Consistency
- Prudence
- Going concern
The three main financial statements
- Profit and loss account
- Income
- Cost of sales
- Gross profit
- Administrative expenses (‘overheads’)
- Net profit/(loss) for the financial year (the ‘bottom line’)
- P&L format
- Balance Sheet
- Terminology
- Fixed Assets
- Current Assets
- Current Liabilities
- Long-term Liabilities
- Capital
- B/S format
- Cashflow Statement
- Financial and management information systems
Budgets and forecasts
- Why budget?
- Types of budget – incremental or zero-based
- Budgeting for costs – fixed and variable
- Budgeting for income
- An eight point plan for budgeting for your department
- Case study: Small Brother Ltd
- Problems and solutions
Accruals
- Accruals – what and why?
- Prepayments
Open forum
All prices are per person.
By attending this event, you’re helping to support the IET’s charitable mission, helping to inspire, inform and influence the global engineering and technology community, to engineer a better world.