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A highly interactive training course on

Accounting, Decision-Making & Financial Communication

Financial Information for Effective Business Management
Coventry Academy - Accounting, Decision-Making & Financial Communication
5
Days

Course Schedules

 Kuala Lumpur
 13-17 Jan 2025
 $5,950
 London
 10-14 Feb 2025
 $5,950
 Dubai
 28 Apr-02 May 2025
 $5,950
 Dubai
 02-06 Jun 2025
 $5,950
 Dubai
 04-08 Aug 2025
 $5,950
 Dubai
 06-10 Oct 2025
 $5,950
 London
 17-21 Nov 2025
 $5,950
 Dubai
 15-19 Dec 2025
 $5,950

Training course overview

Understanding the fundamentals of Accounting and Finance is crucial for effective decision-making and communication within an organization. This training course offers a comprehensive overview of how accounting information is collected, recorded, analyzed, and presented, both internally and externally. This process supports management, control, and strategic decision-making.

Accounting is often referred to as the "language of business," making it vital for key personnel to grasp its concepts. The course will also introduce participants to the systems and structures of financial and management accounting, highlighting their importance in driving business success. Through this training, delegates will gain the skills necessary to interpret and utilize accounting information effectively.

What are the goals?

By attending this Coventry Academy training course you should achieve these goals:

  • Understand Income Statement, Balance Sheet, and Cash Flow Statement
  • Interpret Cost Behavior and its Impact on Product Costing
  • Understand the Process of Budgeting
  • Master Cost Allocation to Departments, Products, and Services
  • Design a Performance Measurement System

Who is this training course for?

This Coventry Academy training course is suitable for a wide range of professionals who wish to achieve career progress by expanding their financial knowledge.

However, it will be most suitable for Operational and Middle Managers who wish to better understand and make use of financial information in their management roles, for example:

  • Members of the Operational Management Team
  • Managers Who Have Responsibility for Divisional Performance
  • Managers Who Have Responsibility for Support Functions
  • Consultants Who Provide Advice on Systems and Operations
  • Senior Staff Members of Any Department

Course Outline

Day One: Introduction to Accounting
  • The importance of accounting information
  • The role of the Finance Function
  • The accounting equation and financial accounting systems
  • Recording facts and applying judgement
  • Preparing the Income Statement and Balance Sheet
  • Accounting principles and accounting standards
Day Two: Accounting Reports
  • The format and contents of the Income Statement
  • The format and contents of the Balance Sheet
  • The effect of depreciation and impairment on profit
  • Identifying and valuing inventory
  • Preparing the Cash flow Statement
  • The importance of cash flow in business
Day Three: Management Accounting for Control and Decision-Making
  • Collecting and analyzing costs
  • The structure of direct and indirect costs
  • Dealing with overheads – absorption costing or ABC?
  • Cost-Volume-Profit and break even analysis
  • Decision making – make or buy
  • Decision making – the effect of limiting factors
Day Four: Communicating the Plan through Budgeting
  • Corporate planning and corporate objectives implemented through budgeting
  • The budgeting process and timescale
  • Sales budget forecasting techniques
  • Cascading the budgets across the whole business
  • Preparing functional budgets and the cash budget
  • Budgeting principles, methodologies and applications
Day Five: Measuring Performance to Inform Decision Making
  • Monthly management reporting
  • Setting and using standards
  • Identifying and calculating variances
  • Operating and planning variances – who is responsible?
  • Measuring responsibility centre performance, ROI, RI, and EVA
  • Non-financial performance – the Balanced Scorecard

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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