Financial Management for Information Managers

Programme Features

• Financial management in information services
• Managing within a budget
• Cost behaviour
• Charging for services
• Controlling performance
• Strategic decisions and out-sourcing
• Cash-flow forecasting and budget preparation
• Using the budget in business planning

Why you should attend:

Developing a career means taking on increased managerial responsibilities, including financial. Like all professions, accounting and finance can present to outsiders the appearance of a closed shop, but a working understanding of this can help to avoid problems. The course provides a balance of both financial techniques (whilst always keeping the number-crunching as straightforward as possible) and relating this to the wider organisation. A further aim is to de-mystify some of the technical financial jargon that can otherwise provide a barrier for non-financial specialists, with a glossary provided of frequently-used (but also frequently misunderstood!) financial terms.

On completing the course, participants will:

• participate effectively in your organisation's budgeting process
• evaluate the effects of alternative policies on resources and results
• carry out cost analyses and apply the results to plan service provision and (where relevant) in setting charges for services
• prepare cash-flow forcasts and budgets for new information services activities
• prepare a budget and use this in business planning
• use the budget to monitor and control performance
• deal with your organisation's accountants with confidence