Business Finance - Level 4 - Training Material  

Product Overview

This workbook looks at business finance in terms of; the changing times, strategic planning, the financial information highway, negotiating budgets, principles of effective budgetary control.

Target Audience

• Appointed team leaders or supervisors
• Anybody wanting to develop a particular management skill

All managers who are newly promoted, recruited or have been in their job for some time but have no formal training.  It is also suitable for technical staff looking to broaden their role within business.

 Objectives

• Identify the way organisational change has affected the role of finance directors and middle managers
• Describe the factors that have led to the financial role of middle managers being redefined
• Describe the new financial role of middle mangers
• Describe the three stages of strategic planning
• Explain the purpose of strategic planning
• Identify the key external influences on your place of work, and understand their strategic importance
• Distinguish between financial and management accounting
• Describe the role of the management accountant in the organisation in which you work
• List the criteria for an effective management information service
• Examine different approaches to budgeting within an organisation
• Understand the use of budgets within an organisation
• Use the principles of negotiation to improve your input into the budget setting process
• Describe the techniques you can use to improve the control of your budget once it has been allocated
• Describe some of the steps that organisations can put in place to prevent fraud.

List Of Contents

Changing Times
The changing roles of finance directors
Great minds think alike
The picture today
Middle managers and finance
Strategic Planning
The strategic planning process and purpose of same
Strategic analysis, choice and implementation
Riding the Financial Information Highway
Your part in the picture
Your management accountant
Financial information that you generate
Middle manager as conduit
The educating role
Passing good ideas up the line
Negotiating a budget
Approaches to budgeting
The organisational context of budgeting
Playing the game
Learning to negotiate
Winning your budget
Principles of Effective Budgetary Control
Budgeting and fallibility
Monitoring budgets and spending

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Please select the postage tariff required when purchasing online.

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