In partnership with The Association of Accounting Technicians (AAT)
Who are these courses for?
Essential Finance are courses provide short, sharp skills training in key areas of business finance.
The courses deliver practical skills that can be immediately applied in the workplace. They are aimed at people who have no or little finance training but need these skills to support their current or future job roles.
There are four separate standalone day courses that can be taken all covering the key basic Finance skills that many non-Accountants are now expected to have in their working roles.
If you wish to undertake more than one course but are unsure what specific skills you need, then it is recommended that you undertake the “Finance for non-finance Managers” course first.
These courses are provided by the University of Dundee School of Business to support local enterprises and individual reskilling.
What is the cost?
A £25.00 (non-refundable) administration fee is charged.
This will cover all resources provided and a buffet lunch and refreshments on the day.
Where are the courses taking place?
All courses will take place at the main University of Dundee campus, Bloomberg Room seminar room in the Library. They will be delivered by a member of staff who is an experienced Finance Lecturer and an experienced Accountant.
All course are limited to 15 people to ensure quality and allow networking opportunities.
What are the courses?
8 March 2023 - Understanding profitability
This course is aimed at business owners and managers who need to ensure that their goods and services are sold at the right price. It unpicks the selling price of a product or service ensuring that all costs are covered, and pricing strategies are appropriate.
It covers:
- Understanding costs
- Understanding and recovering overheads
- Planning for profit
- Pricing strategies
After completing the course, delegates will have learned:
- to explain profit and how it differs from cash
- to define overheads
- pricing strategies
- to plan and monitor
- to assess a proposal for profitability
- to make better business decisions based on finances
- to provide more insightful reports based on financials
- to plan, monitor and assess financial reports
22 March 2023 - Finance for non-finance Managers
This course provides a basic grounding in key financial areas, as well as analysing financial performance to help managers meet these requirements more effectively.
It's suitable for anybody who has some financial responsibilities or aspires to undertake some financial responsibilities at their work and needs to understand the content of financial statements and reports used in business, and learn to interpret this information and use it to manage day-to-day business activity.
It covers:
- Understanding the income statement (Profit and Loss) account and statement of financial position (Balance Sheet)
- Using information from the income statement account and statement of financial position
- Controlling cash
- Using budgets to manage business activity
After completing the course, delegates will be able to:
- understand basic financial documents used in business
- interpret the information in these documents, and use it to manage day-to-day business activity
- have more informed conversations with finance colleagues to remove the risk of miscommunication or misunderstanding
- provide more insightful reports based on financials
- make basic finance decisions without leaning too heavily on finance staff, allowing them to focus on other business priorities
27 March 2023 - Budgeting
This course will help you prepare budgets, learn how to make informed budgeting decisions and effectively communicate financial information to key stakeholders. It's ideal for anyone who has, or will have, budgetary responsibilities.
It covers:
- The benefits of budgeting
- How to pull together a:
- Operational budgets
- Cash flow budget
- Using budgets to manage and control the business
After completing the budgeting course, delegates will have learned:
- to prepare budgets and make informed budgeting decisions
- to effectively communicate financial information to business partners and the bank
- to have more informed conversations with finance colleagues to remove the risk of miscommunication around budgeting
- to provide more insightful reports based on financials
- increased confidence and effectiveness when budgeting
29 March 2023 - Managing cash: keeping your business healthy
This course will improve business professionals' effectiveness at managing the inflow and outflow of cash through exercises using worked examples, including monitoring and controlling outstanding debts.
The availability of cash enables a business to survive and prosper and is the primary indicator of business health. Delegates will learn how to record receipts and payments, and correctly reconcile bank statements and the cash receipts book, helping protect the financial security of the business.
It covers:
- How cash is used in a business
- The cash budget
- Granting credit to customers
- Managing liquidity
After completing the course, delegates will have learned:
- the difference between profit and cash
- how cash flow varies from budget
- how to assess creditworthiness of customers and mitigate risks of non-paying customers
- how to develop credit control procedures
- to manage different methods of liquidity
- how to make better business decisions based on finances
- how to provide more insightful reports based on financials
Paul Caulfield
PCaulfield001@dundee.ac.uk