COURSE OBJECTIVE:
A sound grasp of financial concepts and techniques is essential for today's business analyst. The Business Finance course introduces you to a range of techniques used in business, explaining the key documents and how to interpret them.
You'll examine business cases and investment appraisal techniques and learn how to evaluate suppliers' finances and use Financial Ratio Analysis. The course concludes with a session on Financing service delivery.
Presented to you by one of the expert training consultants pictured below. Each member of our Business Finance training team brings substantial practical experience of using business finance tools to the programme.
TARGET AUDIENCE:
Business analysts, project managers, business change practitioners and anyone in business who needs a sound grasp of financial concepts and techniques. Business Finance is also a Business Skills module on the BCS (ISEB) Advanced Diploma in Business Analysis.
COURSE PREREQUISITES:
Not available. Please contact.
COURSE CONTENT:
Finance in the project lifecycle
• A financial perspective on the project lifecycle
• Published regulatory accounts
• The statement of cash flows and the distinction between cash and profit
• Cash flow forecasting
Developing the business case
• The business case in the business change lifecycle
• The contents of a business case
Constructing the financial case
• Costs and benefits to include in a business case
• Investment appraisal: payback, NPV and IRR
• The cost of capital and the weighted average cost of capital
• NPV, IRR, systemic risk and project risk
• Return on investment (ROI) and ROI and risk
• The concept of shareholder value added (SVA)
Budgets and budgeting
• Budgeting, long-term plans and corporate objectives
• Cost centres, profit centres and the use of charge-out
• Capital and revenue expenditure
• Actual versus budget comparisons and actions
• Budgetary control
Costs and cost behaviour
• Fixed and variable costs and the concept of contribution
• Breakeven analysis and the margin of safety
• Price/volume calculations and charts
• Marginal analysis: outsourcing, make or buy decisions
• Costing approaches and types of cost
Evaluating supplier financial stability
• Financial analysis and the calculation of ratios
• Calculating and interpreting ratios
• The relationship between primary and secondary ratios
• Principles of shareholder value added (SVA) and economic value added (EVA)
• The limitations of ratio analysis
Financing service delivery
• Depreciation of assets: straight-line and reducing balance
• Depreciation of assets: disposal and upgrade issues
• Financing and leasing
• Outsourcing
FOLLOW ON COURSES:
If this course is part of your BCS Advanced Diploma in Business Analysis programme you have a choice of further modules you can take including Business Architecture, Agile Business Analysis, Data Analysis, Advanced Requirements Engineering, Team Leadership, Benefits Planning and Realisation and Stakeholder Engagement.