Learning Outcomes

This course will help you to:

• Feel confident with Finance professionals and ask relevant questions
• Understand the Balance Sheet and Profit & loss Account
• Understand the concept of Accrual Accounting and its relevance to operational and project accounting
• Understand the Cash Flow Statement and differentiate between profit and cash flow
• Distinguish between Capital and Operating Expenditure
• Understand the meaning of Working Capital
•  Use practical ratios and measurement tools (key indicators) to assess both company and individual project performance

• Profitability
• Liquidity
• Efficiency
• Gearing
•  Break-even analysis

• Prepare a business case for internal corporate or external investment
• Prepare proposed project financial evaluations using established Cost Benefit Analysis techniques such as

• Payback
• Cost of capital
• Net present value (NPV)
• Internal rate of return (IRR)
• Use recognised project management tools, such as Earned Value Management, to complement management accounting techniques and to control/reforecast project costs and durations if appropriate