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Finance for Managers Complete Library
The complete online learning solution for all financial literacy, business acumen and financial strategy training requirements.
Business Acumen is an asset that puts companies in the best position to succeed.
Our complete Finance for Managers Library provides access to up to 80 hours of elearning split across 39 courses. The courses are relevant to all levels of management from the graduate intake to the most senior executive. The courses are aligned to the objectives of modern business, providing not just the essential financial understanding applicable to the general management population, but the top level understanding needed to support strategic initiatives.
The courses
Includes all courses in the Finance For Managers Foundation library and the Finance For Managers Practitioner library, plus the following items:
Introduction to ABM - 1 - 1.5 Hours
In this introductory course to the concept of Activity Based Management (ABM) you will learn the basic principles of Activity Based Costing (ABC) and understand how these principles can be applied in order to manage costs. The two dimensional ABM model will be examined and then applied to simple scenarios, demonstrating how the process perspective can be used to achieve better business performance.
Traditional Costing and ABM - 1- 1.5 Hours
Provides an overview of how traditional costing systems can present a barrier to continuous improvement, and how an ABM approach can help to overcome this. Demonstrates the importance of an accurate costing system, identifies the shortcomings of traditional costing systems and examines how an ABM approach can lead to more accurate costing information.
Moving to ABM - 1.5 - 2 Hours
ABM works best in certain environments. It is important to know when ABM is suited to your organisation because it can be expensive to implement. This course outlines the best situations in which to use ABM, and identifies the ways in which to successfully move to an ABM model.
Business Perspectives - 1.5 - 2 Hours
This course examines the concept of a business as “a group of stakeholders with interdependent objectives and rewards.” It demonstrates the way in which a business’ objectives can be defined in terms of a hierarchical decision-making model, and explains how the budgeting process can be placed within the context of overall business planning and business processes. Finally, it explains the underlying concepts within financial statements.
Sources of Financial Information - 1 - 1.5 Hours
This course explores the underlying objectives and principles of financial statements, de-mystifying the terms ‘Profit and Loss Account’, ‘Balance Sheet’ and ‘Cash Flow’. It examines the various ways in which these financial statements may be presented, and provides examples of each. Finally, it identifies the three sources of cash flow and the underlying principles of cash management.
Understanding the Business - 1.5 - 2 Hours
Knowing how to evaluate and analyse financial statements will allow you to make better informed business decisions. ‘Horizontal analysis’, ‘vertical analysis’ and ‘ratio analysis’ are some of the tools by which this greater understanding can come about. This course examines the benefits of each form of analysis, and provides specific examples of the relevant ratios, their sources and applications.
Planning for the Future - Budgeting - 3 - 3.5 Hours
This course provides an overview of the budgeting process, explaining in a clear, concise and logical manner the six stages of the budgeting process and the ways in which they interlink. Subsidiary budgets and the master budget are examined, and the importance of the control function within the overall budgetary process is explained.
International Currency Management - 1 - 1.5 Hours
Any company engaged in international trade is vulnerable to the risks involved in the foreign exchange rate markets. This course explains why decreasing a company’s risk can increase the equity value. It outlines the ‘Four way Equivalence Theory’ and explains the term ‘spot rate’. Some of the history behind the Euro is examined, as is its effect on international currency management.
Managing International Currency Risk - 1.5 - 2 Hours
Management understanding of the risk involved in the foreign exchange rate markets is crucial to the success of a business operating in these markets. Various methods – both internal and external – can be used to manage this risk. This course examines concepts such as ‘Forward Contracts’, ‘Market Cover’, ‘Factoring’ and ‘Options’ and explains how to use them all in managing foreign exchange risk.
Cash flow challenge
A dynamic business simulation
Cash flow challenge is included in this library. The simulation is designed to increase users’ awareness of the key issues of cash flow and the impact that decisions have on this through the use of engaging and exciting online business scenarios.
More information about Cash flow challenge.
Also included:
Cash Flow Challenge
Cash flow challenge is included in this library. The simulation is designed to increase users’ awareness of the key issues of cash flow and the impact that decisions have on this through the use of engaging and exciting online business scenarios.
More information about Cash flow challenge.
Elements of Financial Accounting and Financial Maths
Both courses are included in the complete library. The target audience includes: New starters at banks, commercial staff, executives, finance professionals, accountancy and MBA students, board directors, senior managers, project managers, departmental heads.
More information about Elements of Financial Accounting.
More information about Financial Maths.
What's next?
You can order 12 months access to the library online.
Alternatively, please contact a training advisor on +44 (0)207 371 4444 or email financetraining@ilxgroup.com to discuss any questions or specific requirements you may have.
More than one person to train?
We also offer corporate licensing. Contact one of our training advisors on +44 (0)207 371 4444 for more details. Alternatively, request a quote with your requirements and we will contact you.
