Corndel

Corndel works with organisations to develop their people, build organisational capability and drive measurable performance improvement. As part of DfE Skills Toolkit initiative we are delighted to share some core financial concepts training materials from our blended award winning Chartered Management Institute Diploma Programme.

Aims

This course teaches the essential analytical tools and financial reports used to manage organisations. Upon completion of the course you will be able to:

  • understand the central accounting statements, comprising the balance sheet, profit & loss account and cash flow forecast;
  • calculate key ratios to analyse financial data and make effective decisions;
  • draw up and manage a budget for a team or department; and
  • investigate the different types of variances that occur from budgeted spend and show how you would correct them.

Click on the icons below to access each module in video, text and audio formats. There are questions to help you review your understanding of each topic.

1

The Balance Sheet

2

Liquidity Ratios

3

The Profit and Loss Account

4

Profitability Ratios

5

Market Prospect Ratios

6

Operating Performance Ratios

7

Gearing or Leverage Ratios

8

Cash Flow Statements and Forecasts

9

Discounted Cash Flow

10

Absorption and Marginal Costing

11

Budgeting and Sales Variances

12

Budgeting and Labour Variances

13

Budgeting and Materials Variances

14

Drawing Up a Departmental Budget

15

Investigating and Correcting Variances

16

Budgets: Problems and Perverse Incentives

17

Controlling Costs – including Activity-Based Costing

18

Controlling Credit and Bad Debts

19

Sources of Finance

Your next steps

The National Careers Service offers information, advice and guidance to help you make career decisions. Take a skills assessment to match your new skills to potential jobs or find advice on updating your CV and preparing for interviews.

The National Careers Service offers information, advice and guidance to help you make career decisions. Take a skills assessment to match your new skills to potential jobs or find advice on updating your CV and preparing for interviews.

Your next steps

The National Careers Service offers information, advice and guidance to help you make career decisions. Take a skills assessment to match your new skills to potential jobs or find advice on updating your CV and preparing for interviews.