Leading the business

Financial management

This practical course enables you to develop skills in understanding financial and management accounting.

2 days

Next available:

CMI CMI


Course Location & Date
Financial management
10% early bird discount applied
Hurry! 51 days left
Members:
£995.00 £895.50 Plus vat
Non Members:
£1,215.00 £1,093.50 Plus vat

Summary

This practical course enables you to develop skills in understanding financial and management accounting.

Engineers are frequently required to be conversant with the terminology and statements that accountants use. Technical expertise in projects, service delivery, production or other areas can only be fully realised if engineers understand the accounting and reporting that drives businesses.

This practical course will enable participants to develop skills in understanding financial, management and project accounting. Participants will be fully engaged in developing what-if models, allowing them to appreciate the impact of decisions on financial measures.

Following completion you will be able to assess the financial health of an organisation and interpret financial information in order to inform your own decision-making.

This module is available to support delegates working towards the CMI Level 5 Diploma in Leadership & Management.

Who should attend?

This programme is suitable for engineers and non-engineers at all levels.

How will I benefit?

After the course you will be able to:  

  • Understand the finance impact of business decisions.  
  • Appreciate what drives business.
  • Build "what-if" sensitivity models.
  • Justify investment in physical assets and intangibles such as brand.
  • Be able to interact in an informed way with finance professionals.
  • Balance short and long terms financial objectives.
  • Assess the financial health of a business.
  • Interpret financial data to support decision making.
Contributes 14 CPD hours

Thoroughly enjoyed the course and it was delivered brilliantly. Not a dull moment!

Thomas Bright - Parsons Brinckerhoff

Key topics

  • Understanding financial statements - Profit and loss & balance sheet.
  • The importance of cash flow.
  • Working capital, Fixed and Current Assets, Creditors and Debtors.
  • Developing a "what-if" sensitivity model.
  • How to allocate cost.
  • Approaches to budgeting.
  • Analysing financial performance.
  • The role of the Balanced Scorecard in achieving financial targets.
  • Project finance and capital budgeting.
  • Value Management and economic profit.

Mapped against UK- SPEC competencies: E and C

  1. Professional commitment - For Incorporated and Chartered Engineers: ‘Demonstrate a personal commitment to professional standards, recognising obligations to society, the profession and the environment’
  2. Responsibility, management or leadership - For Incorporated and Chartered Engineers: 'Provide Technical and commercial leadership’

We offer in house training

Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
Contact our advisors if you need help finding the most appropriate training for your team.

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At a glance

  • Duration:
    2 days
  • Location:
    London, Glasgow
  • CPD Hours:
    14
  • Accredited:
    no
  • UK-Spec:
    E, C

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Browse our 2018 training brochure

Our 2018 engineering training brochure contains all dates for our public training programmes in five UK locations. All of our courses can be tailored to your organisation and delivered in-house.

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Available dates for Financial management

2 day course

Glasgow
3-4 Jul 2018
London
8-9 Oct 2018 10% discount available until 8 August

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Non-members: £1,215 +VAT

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