Finance and Accounting for Managers Brochure

Finance and Accounting for Managers Programme

Cranfield Executive Development

Make more effective and profitable management decisions by building your expertise in finance and accounting At Cranfield, we know first-hand the importance for non-financial managers and directors to understand financial fundamentals. Expanding your financial knowledge helps towards building greater confidence when making key business decisions. Our Finance and Accounting for Managers programme will provide you with the skills and knowledge you need to successfully understand the use of accounting and finance in the business context and enable you to communicate effectively and confidently on financial matters. This programme illustrates successful accounting concepts and frameworks to demystify this technical and complex field, helping you to feel more comfortable when communicating financial difficulties, create value throughout your organisation and making better informed and evidence based managerial and strategic decisions.

What you will gain from this programme:

What your organisation will gain: • Enhanced understanding of financial fundamentals that encourages debate on strategies, leading to better managerial decisions. • A better, more effectively managed business area that monitors and drives business performance. • A more knowledgeable and effective executive with a clear understanding of finance and accounting concepts to make managerial decisions, taking into consideration the financial implications to the business.

Who is the programme for?

Senior executives from non-financial backgrounds, with budgetary

• Increased confidence and understanding in financial matters. • Improved skills to analyse and interpret financial and accounting information. • Ability to make better decisions, both on day-to-day matters and investments. • Confidence to communicate effectively with your organisation’s accountants.

responsibilities, who are looking to improve their financial knowledge and build confidence to effectively manage their business areas. • Directors. • Senior Managers. • Partners and Senior Consultants. • Senior Technical experts.

Learn how to: • Use annual financial reports to inform your strategic decisions. • Use accounting information to make managerial decisions. • Evaluate investment proposals whether it is a good one or not. To book contact: Cranfield Executive Development team Tel: +44 (0)1234 754500 Email: execdev@cranfield.ac.uk

For more information visit: www.cranfield.ac.uk/som/ fam

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www.cranfield.ac.uk/som/fam +44 (0)1234 754500 execdev@cranfield.ac.uk

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Programme content and design The Finance and Accounting for Managers Programme is a five-day residential taking place at Cranfield School of Management. Taught by a faculty with extensive experience in business, you will benefit from the creative practices, diverse ideas, and successful methods used to overcome challenges that your peers and faculty have faced working in a range of sectors. The highly practical design of the programme content guides you through and addresses the core theories and models used in finance and accounting. You will use case studies and real life business examples that allow you to clearly understand the practical implications of financial and accounting concepts within your own organisation.

Programme details The Finance and Accounting for Managers programme understands the challenges you face when interpreting the financial fundamentals within the business context. You’ll learn: • Accounting fundamentals - how to make sense of financial reports. • Management accounting - product pricing and covering these costs. • Finance - evaluating projects and creating value. You gain state-of-the-art models to: • Understand and effectively analyse balance sheet and income statement (profit and loss). • Plan, budget and cash flow forecasting.

Fees All our executive programme fees include tuition, course materials and accommodation (where applicable). For Cranfield Alumni we offer a 25% discount on the course fee, and we also offer a discount to research club members. Please ask at time of booking.

See www.cranfield.ac.uk/som/fam for dates and fees.

Organisations that have already benefited from the Finance and Accounting for Managers Programme include:

• Cadbury Schweppes. • Greene King Plc. • Lloyds Banking Group. • Nissan Motor Manufacturing (UK) Ltd. • Shell International Ltd.

• Tata Steel. • Tesco Stores Ltd.

• Prepare and evaluate capital project and acquisition proposals. • Understand and manage costs, cash flow and working capital. • Analyse breakeven and contribution. • Drive, monitor and create value in organisational performance.

• Thomas Cook Group Plc. • Red Bull Company Ltd. • Waitrose Ltd.

Duration: Five days residential

Day one • Understanding the fundamentals. • Constructing an income statement, balance sheet and cash flow forecast – Part one. • Sources of financial information. Day two • Interpreting accounts. • Constructing an income statement, balance sheet and cash flow forecast – Part two.

Day three • Cost Behaviour. • Cost Analysis. • Budgeting and planning. Day four: • Investment appraisal. • Corporate Value. Day five: • Capital structure, gearing and financial strategy. • Divisional performance. • Transfer pricing.

“I felt the most valuable parts of the programme were the sessions on cash flow, balance sheets and income statements. These enabled me to interpret the ‘financial health’ of the business and also gain a good understanding of how each item is constructed.”

Daniel Leggett, Managing Director, Industrial Electrical Services (IES) Ltd

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Programme team

The Cranfield learning environment Whatever your executive development requirement, we will have a specialist who can help. We are a team of 50 learning professionals focused on partnering with organisations around the world to develop their leaders, managers and talented hi-potentials. Taking care of your every need We understand that development doesn’t only happen in the lecture room. That is why the Cranfield Management Development Centre provides inviting lounge areas where you can network with your colleagues, restaurants that allow conversation to flow easily as you enjoy the excellent cuisine, and fitness facilities, including a swimming pool, sauna and exercise room, to relax and invigorate you at the end of the day. A home from home After a hard day’s learning, lie back and relax in one of the 186 modern en-suite bedrooms, all of which are designed to make you feel at home. The amenities include free Wi-Fi, Freeview television, a great working area with appropriate light and desk space and a music centre to help you unwind. About Cranfield Executive Development

Dr Andrea Moro Programme Director and Reader in Finance

Before joining academia in 2008, Andrea Moro worked for 15 years as a senior financial advisor for SMEs in a consulting firm completely owned by a group of small local Italian banks. In that role, he advised small and medium-sized firms on financial topics during the start-up stage, major investments as well as during turnaround. The role required analysis of the financial soundness of projects, the setting up of budgets and the support to firms’ management during negotiations with investors and banks.

His first academic role was with The Open University Business School where he taught finance modules on the MBA and in 2010 he joined University of Leicester School of Management.

In 2014, he joined Cranfield University where he currently teaches finance to the full-time MBA students and entrepreneurial finance to the Finance MSc students.

Professor Ruth Bender Professor of Corporate Financial Strategy

Ruth joined the Cranfield faculty in 1994, having completed her MBA there. Prior to this she was a partner in Grant Thornton, where latterly she specialised in corporate finance. During this period she undertook various secondments, including a year working as a private equity investment manager in the City. She is a chartered accountant and was

for 13 years a committee member of the ICAEW’s Faculty of Finance and Management. Other outside roles have included non-executive directorships of a Health Authority and an NHS Trust, and membership of the Independent Remuneration Panels for two local authorities. Ruth has a broad range of teaching experience, including degree courses, open programmes and customised executive education, from new recruits through to board level. Her main teaching areas include corporate finance and corporate governance. Her research interest is in the practical implications of corporate governance as it affects boards and board committees. In particular, she has worked with non-executive directors on remuneration committees and audit committees of larger companies. Ruth’s PhD focused on executive remuneration, and she conducted interviews to determine how executive pay was determined in FTSE 350 companies.

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Location

How to find us Cranfield School of Management is located about halfway between London and Birmingham, and on the outskirts of Milton Keynes. Junctions 13 and 14 of the M1 are five minutes away and Milton Keynes railway station is 20 minutes by taxi. London Luton, Stansted and Heathrow airports are 30, 90 and 90 minutes respectively by car, offering superb connections.

Northampton

Northampton

Bedford

Bedford

A428

A428

• Cranfield

• Cranfield

A1/M

A421

A1/M

A421

A5

Luton

A5

A41

Luton

A40

A41

M1

A40

M1

Oxford

Oxford A420

M25

A420

M25

M40

M40

A34

Swindon

A34

• Shrivenham

• Cambridge

Swindon

M4

• Shrivenham

Bedford •

M4

• Cranfield London Heathrow London

Milton Keynes •

A436

Heathrow

A436

Luton

Oxford •

Stansted

Shrivenham •

LONDON •

Swindon •

Heathrow

Gatwick

Cranfield Management Development Centre MK43 0AL, UK T: +44 (0)1234 754570 www.cranfield.ac.uk/som

@cranfieldmngmt @cranfielduni /cranfieldmanagement /CranfieldSoM

This programme is provided by Cranfield Management Development Ltd, a wholly owned subsidiary of Cranfield University.

Every effort is made to ensure that the information in this leaflet is correct at the time it is printed. Please check www.cranfield.ac.uk/som/executive for the latest details. Terms and conditions can be found at www.cranfield.ac.uk/som/executivetc Version 2. January 2019.

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