FINANCE & MANAGEMENT ACCOUNTING FOR ENGINEERS

23rd - 24th September 1996


Edward Owen spent a number of years in senior management serving variously as financial controller, financial director and general manager with substantial European and American organisations in chemicals, engineering and electronics. His specialisation was the design and installation of computer based management accounting systems for production, engineering and selling activities.

He is an accomplished speaker and management trainer who brings a wealth of experience and current knowledge to his seminars which have been attended by over 4,000 delegates. He is a visiting lecturer and examiner at the University of Surrey.

WHO WILL BENEFIT FROM THIS COURSE?

WHAT WILL BE LEARNED?


FEES

PRICE per person which includes coffee, lunch, tea and printed course notes:

PROVISIONAL PROGRAMME

Day One

FINANCIAL ACCOUNTING - The Key Financial Statements
The Balance Sheet
Definitions of fixed, current and intangible assets. Current and future liabilities, capital funds and reserves. Clarification of working capital equity capital, total assets and net assets employed. Deferred Revenue - goodwill - asset revaluations.
The Profit & Loss Statement
Revenue income versus revenue expenditure. Definition of gross and net profit, attributable earnings, dividend cover.
The Cash Flow Statement
Linkage between the Balance Sheet and the Profit & Loss Statement Definitions of cash flow, liquidity and solvency. Financial Reporting Exposure Draft 10 and Financial Reporting Statement 1 by the Accounting Standards Board.
Illustrative Model
Each participant is provided with skeletal formats to record a series of every day business transactions in order to understand how each business transaction impacts upon:-
Analysis & Interpretation
Each participant is provided with a model balance sheet, profit & loss statement and cash flow to calculate key financial ratios to measure profit performance, asset management and cash flow. Explanations on how to use the ratios to plan a more successful business future.
Capital Investment/Project Appraisal


Day Two

MANAGEMENT ACCOUNTING & COST CONTROL
Business Planning and Financial Control
Explanation of "Management Accounting" and its importance to management control of business activities. The cost organisation structure - definitions of budget centres and cost centres - the key budget and the timetable - the concept of "Profit Engineering" and how managers take part - expense nomenclature and coding - the use of budget detail fact sheets.
Budgetary Cost Control - An Illustrative Model
Each participant is provided with skeletal formats to record a 16 step process in which spending levels are budgeted.
Profit Centre Accounting for Engineering Activities
Profit Centre Accounting brings sharply into focus the reality that engineering departments are internal market providers. The concept establishes the need for engineers to provide value for money services for which the beneficiaries (internal customers) of those services are actually responsible. This session explains the full concept with models to illustrate ACTIVITY ANALYSIS - ACTIVITY COST UNITS - REACTIVE AND PROACTIVE COST RATES - EVALUATION OF SALEABLE OUTPUTS - COST PERFORMANCE ANALYSIS.



Registration

To Register please contact:
Patricia Yehia
Tel: 01483 259837               Fax: 01483 34139
e-mail: P.Yehia@ee.surrey.ac.uk


Small Print

The University reserves the right to cancel any course on the grounds of insufficient numbers or other reasons outside our control. In the event of cancellation by the University, a full refund will be given.
In the event of cancellation by a delegate, a refund of 75% will be given provided written notice is received two weeks prior to the event. If less than this notice is received, a refund of 50% will be given.


P.Yehia@ee.surrey.ac.uk
Last Update: 18 June 1996