TRAINING COURSES

Award in Business Finance

Start Date: 6 Jan 2019
End Date: 10 Jan 2019
Duration: 5
Fees:
Country: Dubai / UAE
Category: Finance, Accounting & Investment
Details:

The Course

The aim of this qualification is to enable learners to have an understanding of the preparation of numerical, graphical and financial formats sufficient to provide useful information for management needs in monitoring, decision making and problem solving.

The qualification will:

         Meet the needs of candidates who work or want to work in job roles such as:

o    Accounts Assistant

o    Accounting Technician

o    Office Administrator

o    Clerical Assistant

o    Manager (non financial roles)

o    Team Leader

         Allow candidates to learn, develop and practise the skills required for employment and/or career progression in the business sector

The Goals

After attending the programme delegates will be able to:

         Know how to prepare business budgets

         Understand budget deviations and variances

         Know how a business may maintain liquidity

         Prepare costing information for business

         Record stock movements in a business

         Understand principles of credit control

         Understand how to use business performance indicators

The Delegates

The qualification is designed for people with a basic qualification in numeracy seeking to focus skills on the provision of support information for supervisory level and first level management in a wide range of organisations.

The programme is also suitable for those in first level management who wish to enhance their understanding of routine tasks of budgeting, costing, performance measurement and credit control, common to his level of authority and responsibility in organisations.

The Process

Participants will learn by active participation throughout the programme through the use of the course material, case studies, simulation, and discussion of "real life issues in their organizations, to ensure the development of skills as well as knowledge.

The Benefits

As a result of attending the employee will:

         Gain an internationally recognised qualification

         Develop essential skills to enhance their position within the workplace

         Be able to work more effectively with colleagues

         Develop and ability to prepare and manage budgets effectively

         Appreciate the need for liquidity and stick management

The Results

As a result sending a delegate on this seminar the organization will:

         Improve the knowledge and qualifications of their staff

         Improve the professional finance skills of staff

         See an improved performance within the workplace resulting in better cost control and increased profitability

         Allow knowledge and skills to be shared within the organsation

         Ensure staff and up-to-date with latest developments and events in the world of finance

The Core Competencies

         Budget Preparation

         Sales Budgets

         Production Budgets

         Cash Budgets

         Capital Budgets

         Budget Management including "What If, Sensitivity Analysis and Budget Control including Variance Analysis

         Liquidity Management and the assessment of risks

         Methods of Stock Control

         Performance Measueremnt to improve performance, liquidity and profitability

The Recognition

AZTech Certificate of Attendance will be given to delegates who successfully attended the course.

City & Guilds Certificate (Level 2) will be given to delegates who successfully passed the City & Guilds Assessment.

The Programme Summary

This programme covers the essential skills necessary for the Preparation and Management of Budgets, Management of Liquidity and Working Capital (Stock and Credit Control) and the Measurement of Performance

The Programme Content

 

Day One

Preparing Business Budgets

         Calculate increases and decreases in quantities and money value of materials

         Calculate increases and decreases in hours, wage rates and labour costs

         Calculate increases and decreases in expenses

         Calculate increases and decreases in amounts and money value of income

         Make allowance for the timing of receipts and payments arising from credit transactions

         Prepare sales, production, materials, labour, expenses and cash budgets

Day Two

Managing Budgets - Budget Deviations/Variances and Costing

         Identify variances (deviation) between actual outcomes and budget information

         Calculate variances (deviation) between actual and budget data

         Identify fixed, variable, direct and indirect costs

         Extract data about income and expenditure from given information

         Prepare estimates and job costs

         Check estimates and job for accuracy

Day Three

Liquidity Management

         Identify how a business may maintain a level of liquidity in accordance with cash budgets and forecasts

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         Invest surplus funds

         Investment risk

         Obtain loans and obtain overdrafts

         Interest rate risk

         Recent events in the banking and financial markets

Day Four

Stock & Credit Control

         Apply stock valuation methods to record the movement in stock using First In, First Out (FIFO), Last In, First Out (LIFO) and Weighted Average Cost (AVCO) perpetual method.

         Calculate cost information

         Explain the benefits and risks of providing credit

         Calculate credit prices and compare them with cash prices

         Use an age analysis of debtors to determine appropriate action in accordance with given policies and circumstances

         Calculate average periods of credit given and bad and doubtful debts

Day Five

Measuring Performance

         Key performance indicators

         Extract and organise information into appropriate form from data provided in tables or graphical format

         Calculate performance indicators measuring customer growth, satisfaction, quality of service, efficiency, effectiveness and productivity.

         Prepare information about financial and non-financial performance in graphical format - line graphs, bar charts and pie charts

         Compare performance indicators/trends over time and benchmark information against comparative organisation or collected industry relevant data

         Financial ratio analysis

Assessment leading to City & Guilds Award in Business Finance Level 2:

This unit will be assessed by a one hour thirty minute question paper, which will be externally marked The examination paper consists of a number of practical tasks, all of which should be completed by the candidate. Pro-formas will be provided for the completion of graphs, charts, tables and business documents testing application of understanding.

 
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