Business and commercial

Financial management

Balance short-term profitability with long-term value creation to manage projects more effectively.

2 days

Next available: Coventry, 03 Jun 2024

Course	Location & Date
Financial management

Members:
£1,095.00 Plus vat

Non Members:
£1,350.00 Plus vat

Book now

Summary

Balance short-term profitability with long-term value creation to manage projects more effectively.

Engineers are often 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 processes that drive businesses.

‘Financial Management’ enables participants to upskill in financial, management and project accounting. Develop what-if models and gain a deeper appreciation of the impact of decisions on financial measures.

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

You can upgrade this course to a CMI Level 5 qualification. To find out how, visit imeche.org/CMItraining/Level5.

Verified by an engineer, Eleanor Lawton
"We covered a vast range of topics – from turnover and balance sheets to income statements and EBITDA. I am still learning and find referencing the course workbook continues to help me with my financial knowledge."
Read more

Who should attend?

Engineers and non-engineers at all levels responsible for projects, service delivery or production, financial management will help you determine the correct balance between risk and profit maximization

How will I benefit?

After the course you will be able to:

• Understand the main financial statements; profit and loss, balance sheet and cash flow

• Recognise the critical importance of cash flow and working capital

• Manage resources more effectively

• Develop and manage budgets

• Know how to evaluate opportunities and when necessary cut the right costs

• Determine and better manage Key Financial Indicators (KFIs)

• Undertake what-if analysis to better understand risk

• Recognise the financial impact of 'soft' performance drivers - relationships, culture, skills, brand and knowledge

• Build robust business cases and justify investment decisions – for equipment, marketing, new staff, training

• Balance short-term profitability with long-term value creation

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

• Managing working capital - debt, credit and inventory

• Developing a "what-if" sensitivity models.

• Allocating cost

• Approaches to budgeting

• Analysing financial performance - profitability, liquidity, financial status

• The role of the Balanced Scorecard in achieving financial targets

• Project finance and capital budgeting

• Value Management and economic profit

Meet our trainers

These trainers regularly teach Financial management.

Paul Taylor

Paul Taylor has spent the last 20 years developing and delivering leadership programmes for global corporations. Getting up close and working with individuals urgently seeking answers to real-world challenges led him to delve deeper into how to achieve results and career success.

In-house and bespoke 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.

At a glance

Duration:

2 days
Location:

Coventry, London
CPD Hours:

14
UK-Spec:

E, C

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Available dates for Financial management

2 day course

Coventry: 3-3 Jun 2024

London: 16-16 Oct 2024 10% discount available until 16 August

Require a different date or location? Or want to train a group in house?

We can customise any of our courses and deliver them in-house, for your entire team. It could also save you money, especially as you would save travel time.

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Members: £1,095 + VAT

Non-members: £1,350 +VAT

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Train your team

Tell us your team’s development needs and we’ll come to you with a specialised training programme, customised for your organisation.

What options are available?

Off the shelf – we can deliver any of our training courses at your chosen location, providing you with a cost-effective and efficient solution
Tailored courses– our personalised programmes can help you work through issues specific to your team or sector and equip you with the practical tools you need to move forward
Blended programmes – we use a range of delivery methods, development subjects and performance resources to ensure your team have the knowledge and skills they need to help your business thrive

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