Understanding and interpreting financial information are essential for all levels of personnel, both within and outside the finance function, if they are to properly contribute to the success of the business.
At the end of this conference the participants will be able to:
Understand the basic areas of accounting and finance, the terminology and the structure
Learn a range of practical analytical skills for interpreting and handling financial information
Understand the key mechanics of accounting in the context of a practical working environment
Be more confident about dealing with financial information, particularly when reviewing your company or others’ financial data
Be able to read and confidently interpret complex information presented in financial reports
Enhance decision support skills
Anyone who needs to acquire a broader understanding of finance to improve their current role or plan their future career
Financial staff who need to expand their knowledge beyond their current experience, particularly if they are considering taking up professional qualifications or broaden their mandates
Non-financial personnel who use financial information in their job and are called on to make financial decisions
Particularly useful for staff working in a smaller company where they are required to take on financial responsibilities alongside an operational role
The different types of financial information
The flow and hierarchy of information in a company regulated and non-regulated information
Distinguishing different types of information and what it is derived from
Basic accounting terminology explained
The significance of different accounting terms
Reporting formats and opportunities to enhance their effectiveness
Cash vs. profit
The flow of money in and out of a company
How this is managed and controlled
Customers & Suppliers: the collection and payment processes
Basic cash flow statements – creating it and using it to interpret performance
How to establish the value of a companies’ inventory
Different methods of valuation
How fixed assets are recorded
Asset lives and depreciation choices
The physical verification of assets
Firm value vs book value
Ratios to measure asset effectiveness
Understanding the composition of the income statement (P&L account)
Computing profitability, liquidity, and gearing ratios
The Balance Sheet explained
Interpreting results and making comparisons between companies
How we classify costs and set standards
Different costing methods used in business
Using cost information to determine break-even profitability points
Basic forecasting techniques
Comparing actual performance against the budget- variance analysis
In an industrial situation where it is required to measure and control some aspects of a process, it is often the application of the knowledge and the ingenuity of the Engineer or Technician which is relied upon to solve the measurement and control problem. Therefore a fundamental understanding of the principle of operation of a range of sensors/transducers and instrumentation techniques applicable in an industrial situation combined with a working knowledge of Process control techniques and tuning methods equips the Engineer or Technician with the necessary skills and makes them invaluable in their workplace
The attendees will investigate the concepts of instrumentation and measurement and will acquire the knowledge relating to the characteristics and properties of the variables being measured. Moreover, the delegate will gain an understanding of the Process control systems and methods used in a modern industrial system
This is a practical and hands-on course and where applicable, theoretical studies will be supplemented with practical activities where the delegate will have the opportunity to design, develop, build, test, and evaluate their instrumentation systems
A business development manager is responsible for generating leads, developing new opportunities, and helping their company grow.
It's an important job in the sales department because a business development manager is directly responsible for generating new revenue.
They can do this by nurturing relationships with key clients, developing new relationships, and expanding the brand's presence.
To do this, a business development manager can track new trends, make product recommendations, propose strategic partnerships, and be involved in long-term growth strategies.
This conference is designed to provide participants with an understanding of job analysis and job evaluation. Participants will consider how jobs are analyzed and how job evaluation can be applied to the design, development, and implementation of pay and grade structures. Participants will also explore how different compensation systems can be applied to pay and grading structures and in particular the link with broader issues of employee motivation.
As a supervisor, the success of your organization rests in your hands. This course provides you with the opportunity to develop highly effective and essential supervisory skills that will strengthen teamwork and organizational success. Also, this course will help you manage everyday operations with greater ease. Furthermore, it will help you leverage both your managerial and people skills to meet your new challenges as the 21st-century supervisor.
This unique program provides the participant with a multi-discipline understanding of Corrosion Control in Oil Production, Refining, and Down-Stream Industries - Technologies, Work Methods, Safety Issues, Planning, and Management.
This highly interactive two-day training program is designed for those people who require a sound understanding of the techniques and principles of quality auditing. It also covers the role of the internal auditor in the development and improvement of an effective quality management system.
Internal auditing is changing and it is no longer enough that internal audits check conformance, but auditors now need to be able to audit processes with emphasis on risk and performance improvement. Delegates will learn that they play a key role in the development and improvement of working practices across the organization. Delegates will also learn how to apply the 7 quality management principles.