t. +44 (0)1582 463463
e. contact@tihtc.co.uk
t. 01582 463463
e. contact@tihtc.co.uk

Finance for project managers and engineers

A two-day training workshop

What do engineers and project managers need to know of finance? ‘Nothing – leave it to the accountants!’

No, no, no! Engineers must be conversant with the terminology and statements that accountants use. Technical expertise in projects, service delivery, production or other areas can only really be harnessed if the managers understand the accounting and reporting that drives businesses.

This course gives the necessary understanding to project, production and technical managers. It develops their skills in understanding financial and management accounting.

Accountants may not always like it but a major part of their work is to be the ‘servants of business’ and to gather, compile and present your figures. So you must understand the figures – they belong to you, your processes or projects. There are many reasons for maintaining accurate accounts. This course focuses on the strategic issues (those over-used words) – what figures reveal about the drivers of business and what they reveal about the day-to-day issues that accountants bother you with. The course will enhance your understanding of finance and of the accounting issues which affect your projects, production and technical areas of business.

learning objectives

Who should attend?

All non-accountants who need an understanding of finance and accounts in order to perform their roles effectively.

Format

A very practical – and enjoyable – two-day programme made up of straightforward, plain-speaking trainer-led sessions, interspersed with practical exercises and case studies.

Special features

For maximum benefit, this programme can be tailored to reflect your organisation’s internal budgeting and control systems

Expert trainer

Ralph is, unusually, dual-qualified as both an engineer and a chartered accountant. Having worked initially as an engineer, he qualified as an accountant and was a manager in one of the big international accountancy firms before setting up his own accountancy and consultancy practice. His clients include many international businesses from the banking, power, telecom, oil, manufacturing, engineering, construction and retail sectors.

Session outline

1. What do accountants do?

2. The basic financial statements

3. Why be in business – from a financial perspective

4. Accounting rules – accounting standards

5. Cash

6. Budgeting

7. Costing

8. Reading financial statements

9. Performance measurement – analytical reviews and ratio analysis

Multiple delivery formats and options
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Face-to-face delivery

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Virtual delivery

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Tailored solutions