Category: finance Manage

 
Course Objectives

The objectives of the course are to

Explain the basic principles of Budgeting

Provide participants with an understanding of the aspects of Financial Decision making

Following completion of the two-day Programme, participants will be able to 

Communicate the Budget to colleagues and explain the importance of Budget targets

Provide effective  input to Financial Decision Making within their organisations

Engage in discussions with financial colleagues to drive performance initiatives.

Understand and contribute to their in-company budgeting process

 
Target Audience

This course is suitable for anyone that wants to understand the language of Finance and wants to contribute to financial decision making within their organisation.

 
Course Content
 
Introduction to Management Accounting

Cost Volume Profit Analysis

Overhead Allocation Methods

 
Costing of Overheads

Standard Costing

 

Activity Based Costing

 
The Budgeting Process

The Budgeting Cycle

Overhead Allocation Exercise

Overhead Recovery Exercise

Direct Product Profitability Exercise

Customer Account Profitability Exercise

 
Investment Appraisal Methods

Payback

Net Present Value (NPV)

Internal Rate of return (IRR)

 
Performance Analysis

Principles of Variance Analysis

Variance Analysis Example

Total Materials Variance

Price Variance (PPV) Exercise

Usage Variance (Yield and MUV) Exercise

Total Direct Wages Variance

Rate Variancercise

Efficiency Varianercise

 

 
Background and Context

Avery Dennison is currently preparing to invest in a number of significant Global projects. Finance personnel at Avery Dennison Cork are currently preparing Capital Budget Approval plans to support the investment in these projects. Value Added Consulting has been asked to provide a Training programme which would provide a comprehensive understanding of the major principles of Investment Appraisal and would ensure a consistent approach to project evaluation.

Course Objectives

The objectives of the one-day course are to help participants understand

3. How to apply a range of Investment Appraisal techniques
4. How to assess relevant and non-relevant costs in Financial decision making
5. How to quantify the sensitivity of a Financial decision
6. How to select projects that optimize Return on Investment

Training Programme Content

Introduction to Investment Appraisal                                           Exercise

 
Relevant Costs for Decision Making

Sunk Costs

Opportunity Costs

Incremental Costs                                                                        Exercise

 
Financial Decision Making

Make or Buy                                                                               Exercise

Keep or replace                                                                           Exercise

Scarce Resources                                                                          Exercise

Special Order Exercise

 
Projecting Project Cashflows

Cost Saving v Cost Avoidance

Tax Considerations

Depreciation considerations                                                           Exercise

 
Long Term Investment Appraisal

Payback                                                                                   Exercise

Net Present Value                                                                        Exercise

Internal Rate of Return                                                                   Exercise

Return on Capital Employed                                                        Exercise

 
Managing Investment Risk

Sensitivity Analysis                                                                      Exercise

Breakeven Point                                                                           Exercise

 
Course Objectives

The objectives of the one-day course are to

1. Provide an rigorous overview of basic Accounting principles to all participants (i.e. How do Accountants think)
2. Explain how daily actions impact reported Financial Performance

 
Course Deliverables

Following completion of the one-day Programme, participants will be able to

1. Understand the role of Finance in their daily operations
2. Understand how they can contribute to improving company financial performance
3. Interpret Accounting information in their day-to-day roles.
4. Engage in tangible discussions with financial colleagues to drive plant performance initiatives.
5. Understand and contribute to their in-company budgeting process

 
Delivery Style

The course will be delivered in a discursive and interactive manner with a strong emphasis on participation. The objective is to make participants comfortable with the language of finance and confident to engage discussion with their financial colleagues.

 
Course Content

The role of Finance

What is the purpose of Finance

Compliance and Shareholder issues.

 
Financial Accounting Principles

Fundamental Principles: Matching, Accruals

Profit and Loss Overview                                                                   Exercise

Balance Sheet Overview                                                                     Exercise

 
How daily tasks impact Financial Reporting

Inventory Valuation

Identifying obsolete inventory.

Transaction accuracy and timeliness

Formalising the Purchase Order process

 
Standard Costing

Overview of Management Accounting

Fixed Costs, Variable Costs, Contribution                             Exercise

Standard Costing Overview

How Standard Costs (Mat, Lab & O/H) are set

Overhead Absorption Principles

Traditional Methods                                                   Exercise

 
Variance Analysis

Principles of Variance Analysis

Variance Analysis Example

Total Materials Variance

Price Variance (PPV)                                                  Exercise

Usage Variance (Yield and MUV)                             Exercise

Total Direct Wages Variance

Rate Variance                                                          Exercise

Efficiency Variance                                                   Exercise

 

 
Who Should Attend

This is a one-day course for people who must write within regulated environments. This course is helpful for those who must work with documentation and understand the broad range of reporting that the industry requires.

Learning Objectives

On completion of this course, participants will:

Know how to produce effective written correspondence

Understand how to assess and write to the audience

Know how to review and revise documents

 

Session 1: Communication Essentials

This session provides participants with an understanding of the challenges of communicating effectively to a non specialist audience.

Hearing, Understanding, Agreeing, Acting                            EXERCISE

 

Session 2 Guidelines for writing Process Documents

This session introduces participants to the fundamental principles of good technical writing

Simple Language

Limit the Number of Ideas

Using Conditionals (Should / Could / Would)

Irrelevant Restrictions

Information in Order

Precision

Consistency                                                                     EXERCISE

Effective Presentation of Numerical Data

 
Session 3 Organizing and Delivering Financial Information

This session informs participants how to structure their ideas into distinct points and how to effectively communicate points and supporting information

Dealing with terms and acronyms

Using The Direct Approach                                                    EXERCISE

Using The Controlling Idea                                                    EXERCISE

Constructing effective paragraphs

Elevator Pitch

 
Session 4: Writing Style

Weak Verbs

Ponderous Nouns

Parallelism

Intensive Adverbs

Misplaced Modifiers

Logical references

 
Session 5:  Document Review

In this session course participants will review the updated proposals prepared in Session 6 for compliance with the best practice Technical Writing principles introduced earlier on the course.

Document review                                                                    EXERCISE

 
Review and Close

Participants will be required to prepare a personal action plan indicating how they plan to introduce the principles and techniques learned on the course to their day-to-day roles.

 

 
Aim:
This programme is designed to give individuals the knowledge to understand the difference between mentoring & coaching. It is also aimed at clarifying the benefits of each to the benefit of the individual.

Objectives:

By the end of the programme, participants will be able to:

Explain what is mentoring & coaching

Explain the differences between mentoring & coaching

Understand the Do’s & Dont’s of Mentoring

Understand the role of a mentor versus mentee

Understand the mentoring/ coaching process

Benefits gained from mentoring & coaching

Practice in a safe environment

 
Programme Outline/ Day

What is Mentoring?

What Mentoring is not?

Outline the mentoring process/ partnership

What is the role & skills of the Mentor and the Mentee?

Review the mentoring framework – increasing your market place (as a result of mentoring)

Mentoring Etiquette – Do’s and Don’ts

How do I ‘work’ the relationship

Role Play Exercises

What is Coaching?

What is the difference between coaching & mentoring

Benefits of coaching

The framework/ process of coaching

Role play exercises

 
Targeted Audience

Individuals who want to understand more of the benefits of mentoring/ coaching & how the process works.
 
Duration – 1 day

 
Aim:

This programme is designed to give individuals the skills and abilities to prepare and carry out an effective performance appraisal with your staff.

Objectives:

By the end of the programme, participants will be able to:

Give effective feedback

Handling difficult messages

Setting realistic goals and expectations

Supporting other people’s career development

Using acknowledgment and praise

Seeing other people’s views

Dealing with your and other’s feelings

Building morale and setting boundaries

 
Programme Outline/ Day
 
Step 1: What is Performance Management

The benefits of performance management

Setting attainable goals and expectations

Effects to individual and team of not carrying out appraisals

What an effective performance appraisal looks like Exercise

 
Step 2: Preparing for an appraisal

Reviewing an individual performance goals Exercise

Soliciting feedback from various sources

Choosing a template to collate and give effective feedback Exercise

Setting time aside for preparation and for the appraisal

 
Step 3: Carrying out an effective appraisal

Choosing the right location and time

Giving effective feedback Exercise

Dealing with conflict situations

Dealing with difficult issues Exercise

Dealing with the individuals feelings

Setting boundaries

Using praise and acknowledgement

 
Step 4: Follow up and future appraisals 

Setting you and the individual up for success Exercise

Creating future goals and regular follow up expectations

Building for the future Exercise

 
Review and Close

Targeted Audience

Individuals who want to prepare and carry out effective performance appraisals with their staff.

Duration – 1 day