Managing Finance Self Study Course

In this course you will be asked to consider why financial information is important for managers and to think about the financial information which will help you do your own job more effectively. We will examine the role of financial information in business planning, the control of costs and resources, and decision-making.

• Define groups and teams
• Identify how to play a positive role in the teams of which you are a member
• Identify how to improve the standards which affect your team’s performance
• Assess your team’s cohesiveness and morale
• Describe how you will guide your team towards the achievement of its objectives
• Describe how you can improve communication with your team.

The course comes complete in a college folder complete with exercises and assignments to check your understanding as you progress complete with all the answers

Target Audience

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

These materials are designed to develop and update skills of potential, newly appointed and experienced supervisors, team leaders and managers, offering a choice of flexible, work based materials to improve individual and organisational performance.

Managers and Financial Information
Financial information for managers
Cost Information
The importance of cost
Costing Overheads
The problems with overheads
Budgetary control
What is budgetary control?
Constructing a Budget
The budget cycle
Tracking Planned and Actual Performance
Variances
Pricing and Product Mix Decisions
Pricing decisions
Investment Decisions
Making a Case for Resources.