Understanding the financial impact of every transaction undertaken in a business is the key focus of this course. A good manager is one who understands how to sell a lot of products or services but selling a lot of products or services does not make the manager an excellent one. Sales is a gift to a customer until it is translated into cash. It is with this in mind a manager must understand the impact of sales in the profit and loss account (profitability measurement), cashflow statements ( liquidity measurement) and balance sheet (net worth measurement). This course is targeted at non-financial experts with responsibility to manage and control financial resources in their organisation. This course aims at providing participants with finance fundamentals that will help them come to grips with sound financial discipline for business success. The course will cover topics such as: The definition of profit and loss accounts; why and how they are put together The definition of balance sheet; why and how they are put together The definition of cash flow statement; why and how they are put together Finance jargons and how to make sense of financial statements for effective decision making Effective financial controls required for robust safeguards over assets of an organisation How to interpret and evaluate the performance of a business using financial ratios Strategies for identifying financial leakages and maximising cash flow in your business- introduction to effective credit control system Brief introduction to financial costings and budget Post practice sessions, feedback and evaluation after the tutor session.
This course is designed to help newbies learn marketing and selling skills to improve business sales and profitability. The course covers a range of marketing topics as highlighted below and provides learners with tools for branding, customer retention, internet traffic generation, developing headlines that sell, template for marketing strategy and marketing plan and many more concepts.
This is an online course that you can access immediately with course videos, course workbook etc. This course will teach participants how to manage and organise their department to meet corporate goals through effective management skills. Participants will understand the contextual dynamics of their functional role, as well as sound management tools to better achieve corporate goals and objectives. Contents : Definition of management Understanding the role of a manager Culture and structural dynamics and impact on managers role Role conflict in management Principles of planning The planning cascade Organising your time Organising your work Making effective decision Leading your team and setting values Setting clear direction and aligning the team Controlling, motivating and appraising team performance
This course will help you learn the skills for producing an effective business plan to access funding for your business. The course takes you step by steps through the process of writing a compelling business plan as well as offers you templates and lots of examples to help you understand everything you need to know about business planning. You can also obtain online support with questions you may have about the course materials.
Completing projects on time and within the agreed budget can only be achieved with a well robust project management skills by those involved in planning and managing projects. A thorough understanding of financial planning, monitoring and control is a key essential requirements for success in any projects delivery and this course is designed to provide participants with financial tools such as budgeting, mastering financial terminologies, evaluating financial risks, interpreting financial data and forecasting cash flow and final profit and loss on any project. Why is financial planning important in project management Understanding financial terminologies and basic concepts Understanding financial policies and their impact on project financial management- e.g prudence and consistency What is the difference between Revenue vs. Capital Expenditure What is the difference between cost and revenue What is depreciation and it impacts on project financial planning How does Value Added Tax impact project costings– an introduction Compiling the project cost budget and sensitivity analysis Compiling cashflow forecasts Financial evaluation of projects -Discounted Cashflow, Payback Period & Net Present Value Techniques Understanding project risk management techniques Financial monitoring of projects- variance analysis Controlling project changes and updating the financial plan Financial controls – purchases and income Contractual terms – the financial issues Summary – avoiding the common pitfalls What will I get out of it? Ability to evaluate the business case for any project Understanding of key financial terms and concepts Skills to create a cash flow forecast for a project Interpretation of project management accounts
This course covers: the definition and purpose of a financial plan and budget common pitfalls in the budgeting process and how to avoid them budgeting techniques- incremental budgeting, zero based budgeting Understanding costing and pricing model how to prepare different types of budget – sales revenue, salaries, overhead cost, capital, cash flow, profit and loss and balance sheet practical tips for preparing an effective budget phasing/profiling the annual budget getting buy-in to the budget the budget presentation: what you need to be able to answer how to manage the budget using a structured management account what to look for when you get your monthly management accounts how to analyse variances and make better decisions investigating differences from the budget
Course Objectives : To master procurement best practice and improve your skills-set. This course is suitable for professionals as part of their continuous professional development (CPD). It is also suitable for those who want to quickly learn more about the procurement cycle to specifically improve their professional effectiveness at work. Contents : Understanding the language and supporting legislation governing public sector procurement Exploring the critical stages of procurement as part of supply chain management The key controls and strategic objectives of procurement activities The importance of specification and how to design them and sourcing strategies (pros and cons) Understanding different supplier solicitation document including when they are to be used in the procurement process-RFI, RFQ, RFP including templates Various techniques for designing evaluation scoring system including the pros and cons of each approach Putting together a pre-qualification questionnaire and invitation to tender pack for competitive bidding. Exploring the challenges of procurement activities in organisations. Importance of negotiation, introduction to contracts and contract management, managing suppliers' relationship