This one-day course gives non-accountants a basic understanding of finance. The course will provide an understanding of:
Financial reporting/Budgeting/Forecasting cycle
Jargon buster and key accounting concepts including capital/revenue/funding
Differences between management and statutory accounts
Key financial statements
Where university money comes from, and what it's spent on
Sources of information
Costing
Finance Department structures and how they link with other university functions
Importance of internal controls and audit
Basic financial ratios
Who should attend:
This course is aimed at Non-Accountants who are keen to gain an understanding of finance. This could include new team members who have no finance background or staff in Universities who support finance or managing budgets.
The course will not benefit anyone who has a detailed knowledge of university finance.
What does the course aim to do?
At the end of the course you will:
have an understanding of the key financial statements in the University
have developed a basic understanding of some of the key financial terms
be more confident in interpreting financial information
be less apprehensive about finance
Who is presenting?
Elizabeth Welch, Director, Finance Transaction Services Finance Department, University of Edinburgh and Karen Sinclair, Kingston University, London
Registration from 9am ready for a 9.30am start and a finish time of approx 4pm.
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