This Oxford Finance and Budgeting training Course provides an introduction to finance and accounting for those who have no prior knowledge of this business area. It is designed to train the participants to support operational and financial processes. Those attending this Oxford training course will gain a clear understanding of the essential terminology of finance and accounting. They will also learn the principles and techniques of accounting systems through practical examples and exercises.
The overall aim of this Oxford Finance & Accounting for Office Administrators & Secretaries programme is to ensure that those who attend will be able to perform their roles more effectively and efficiently within the workplace.
The highlights of this Oxford training course will be:
The Basic Principles of Accounting clearly explained
Knowledge and Confidence in Accounting for a range of business transactions will be developed by using straightforward worked examples
Simple but Effective Tools for Analysing your Business Performance and Position
Basic Management Accounting Principles that help to ensure your business is efficient and profitable
How and Why the Use of Budgets can help to achieve overall business targets and objectives?
At the end of this Oxford training Course participants will:
Appreciate the importance of the accounting and finance function
Understand accounting for routine business transactions
Be able to prepare simple financial statements
Be able to analyse company performance using basic ratios
Be aware of costing and budgeting techniques to maintain efficiency and profitability
This Oxford Finance & Accounting for Office Administrators & Secretaries training programme is highly interactive: in the very first session you will be working with case exercises and solving problems. You will be encouraged to make the link between the training room and your office and organisation.
This Oxford training programme will utilise a range of learning methodologies, including short presentations with opportunity for question and answer, exercises and mini cases to develop knowledge and skills, and group discussions where you can share your opinions and experiences with your fellow delegates.
As a result of attending this Oxford training Course, your employees will:
Be able to make more effective contributions to workplace meetings and discussions
Have the knowledge and skills to assist their managers more effectively
Appreciate the importance of finance and accounting within their organisation
Be motivated to use their acquired skills and knowledge to add value to their role within the organisation
Understand and be able to interpret basic financial statements and reports
Be more willing to take ownership of financial responsibilities in their organisational role
What will the employee gain from attending this Oxford training Course?
You will acquire Skills and Knowledge that will help your Personal Development within the Organisation
You will improve your Working Role
You will become more aware of the major issues facing your Business
It will enable you to further your Professional Skills
It will enable you to liaise effectively with Line Managers and other Departments
It will improve your status in the Organisation as those around you realise and appreciate your knowledge and understanding
Who should attend?
This Oxford Finance & Accounting for Office Administrators & Secretaries training course is suitable for a wide range of non-financial employees within the organization. It is designed for those who contribute to, and use, all types of financial information within the organization. Examples are:
Personal Assistants and Executive Assistants
Administrative Professionals and Support Staff
Production and Marketing Professionals
Anyone wishing to increase or update their awareness and understanding of finance and accounting methods and terminology
Introduction to Finance and Accounting
The Three Meanings of Finance
How Finance supports the Roles of Office Administrators and Secretaries?
The Two Types of Accounting – financial (external) and management (internal)
The Basic Principles of the Double-entry Financial Accounting System
How to Record Transactions in the Financial Accounting System?
The Contribution made by Office Administrators and Secretaries
The Financial Statements
Understanding the Income Statement
The Four Levels of Profit, and What they Signify
Understanding the Balance Sheet
Measuring the Consumption of non-current assets by Depreciation, Amortization, and Impairment
What is Inventory, and How is it Valued?
The Cash Flow Statement – Why We Need it, and How it is Prepared
Evaluation of Financial Statements
The Annual Reports of Public Companies – format and content
Who are the Company Stakeholders and What are their Information Needs?
Why we need to Analyse these Reports in order to understand them?
How to Calculate Accounting Ratios?
How to Use Ratio Analysis to Assess Performance?
Introduction to Management Accounting
Collecting and Analysing Costs for the Management Accounting Database
Understanding Direct Costs and Indirect Costs
Preparing Cost Structures for our Products and Services
Using Cost Structures to determine our Break-Even Point
Making Cost-Effective Decisions using Cost-Volume-Profit Analysis
Why do we need budgets? – The Link between Corporate Strategy and Operations at All levels of the Organisation
The Budget Preparation Process – Timetables, Documentation and Procedures
Preparing a Departmental Budget
Preparing the Cash Budget
Comparing Actual Performance with the Budget using Variance Analysis
The Essential Role of Office Administrators and Secretaries in Budget Preparation
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
All Training Courses delivered by Oxford Management by default are eligible for CPE Credit.