Business and commercial

Financial management

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

2 days

Next available:


Course Location & Date
Financial management
10% early bird discount applied
Hurry! 84 days left
£1,095.00 £985.50 Plus vat
Non Members:
£1,350.00 £1,215.00 Plus vat


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

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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

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’

Meet our trainers

These trainers regularly teach Financial management.

  • Paul Taylor

    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.

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Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
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At a glance

  • Duration:
    2 days
  • Location:
  • CPD Hours:
  • UK-Spec:
    E, C

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Available dates for Financial management

2 day course

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

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Non-members: £1,350 +VAT

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