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Reclaim the VAT on your Euromoney Training Courses in the UK

Why am I being charged VAT?
The EU VAT Directive stipulates that all training and educational courses that are provided in the UK must include a VAT charge on payment.  

Can I reclaim my VAT back?
Overseas delegates who attend our courses in the UK are eligible to claim their VAT back once it has been paid.    

How can I claim the VAT back paid on a course?
There are two ways in which you can claim back VAT back from the UK.

Option 1 - Directly through HM Revenue and Customs

The most cost-efficient way is to claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.

Option 2 - Through our Recommended VAT Reclaim Service – VAT IT
The specific rules for VAT reclaim will vary according to the laws of your country of residence. This can be complicated and time-consuming. 

Euromoney have an exclusive partnership with VAT IT, specialists in international VAT reclaim.  VAT IT will review, process and submit your VAT refund on your behalf. 

VAT IT will charge a percentage of the VAT refund if/when it is successful. 

If you want to find out more about this service, please email your details to: euromoney@vatit.com  

You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

RECLAIMING YOUR VAT WITH VAT IT

Course details

Download course brochure

Financial Analysis & Forecasting

Learn the fundamentals of accounting & financial analysis, book now!

  • Course Overview


    Financial analysis and forecasting is a course designed to provide those wishing to acquire a detailed introduction to the subjects of accounting and financial analysis with the essential knowledge required.


    The course is in the style of a series of presentations interspersed with case study material. Delegates are required to carry out a significant amount of financial manipulation and will involve the use of spreadsheet software in a number of cases.


    The case studies are designed to enable the delegate to take ownership of the knowledge offered by applying it to a case immediately after the relevant presentation. This is further reinforced by the completion of group cases towards the end of the course.


    The course is ideal for managers, analysts, consultants, entrepreneurs and others who seek a proper grounding in the fundamentals of financial analysis and forecasting.


    The main subjects covered are:

    • The Profit & Loss Account and the Balance Sheet
    • Ratio analysis for financial analysis purposes
    • Cash Flow Analysis
    • Overview of current International Accounting Standards and global accounting
    • Recognising Accounting Abuses
    • Cash flow discounting and it s application to real world situations
    • Analysing management information
    • Project Analysis, Net Present Values and IRR's
    • Use of spreadsheets and spreadsheet risk
    • Forecasting using spreadsheet software.
    • Presenting financial information

  • Day 1

    Dealing with the fundamentals

    Introduction to financial analysis

    • Differences in UK/US accounting terminology
    • Identifying the relationship between cash flow and profit
    • Development of an integrated cash flow model
    • Recognising it’s all about cash
    • Understanding the relationships between the three main accounting statements
    • Exercise 1 - Accounting terminology

    Fundamentals of accounting statements-the profit and loss account

    • How the P&L has changed over the last 25 years
    • Detailed review of the Profit and Loss account including explanation of all significant accounting terminology
    • Profit types - trading, asset and business
    • Inventory, depreciation, capitalised interest
    • Minority interests and consolidation
    • Exceptional and material items

    Fundamentals of accounting statements-the balance sheet

    • Detailed review of the balance sheet including explanation of all significant accounting terminology
    • Understanding the fixed assets note
    • Accounting goodwill – what is it?
    • Liabilities, pension fund accounting
    • Debt and other liabilities like debt
    • Deferred tax, contingent liabilities

    Financial analysis techniques-ratio analysis

    • Objectives of ratio analysis
    • Developing ratio analysis skills
    • Different types of ratios
    • How much information is there in ratios?
    • Ratio rules – avoiding errors of principle
    Case study: Use of ratios

    Delegates match ratios to different types of businesses
    Delegates consider what ratios do and don’t tell us


    Day 2

    Cash flow analysis and accounting issues


    Understanding cash flows

    • Detailed review of the cash flow statement
    • Analysing and interpreting cash flows
    • Summarising cash flows for analysis

    Case study: Summarising cash flows

    Delegates summarise cash flows for analysis purposes


    Cash flow analysis

    • The four phases in the life of a business
    Case study: Examining patterns of cash flows
    Delegates match cash flows to sectors


    Cash flow analysis-taking it further

    • Dealing with the consequences of growth and no-growth

    Case study: Growth and no-growth cash flows

    Delegates restate cash flows to improve their understanding of performance

    Accounting abuses and update

    • Abuses of Fair Accounting
    • Basic abuses relevant to all businesses
    • More complex abuses relevant to larger groups

    Case study: major Travel group

    Delegates examine and evaluate the P&L of this major UK based travel group

    Global accounting in the new century

    • Overview of the International Accounting Standards Board
    • The implications of the IAS Initiative
    • Review of new standards produced in the last five years

    Day 3

    Financial mathematics and project analysis

    The time value of money

    • Present and future values
    • Defining the discount factor
    • Exercises: Discounting calculations

    Net present value -developing the concept

    • NPV’s and varying future cash flows
    • Perpetuities and annuities
    • Exercises: Annuities and perpetuities

    Project analysis

    • Introduction to project analysis
    • Developing a forecast of the project cash flows
    • Identifying the key risk areas

    Evaluating capital investment projects

    • Discounted cash flow techniques
    • Calculating the internal rate of return

    Case study: Speculative housing project

    Delegates perform investment appraisals to decide whether to proceed with a capital investment


    Case study: Eight Projects

    Six delegates evaluate a number of projects and decide which projects should be pursued and which rejected


    The responsibilities of management

    • The essential aspects of the management task

    Case study: Management information

    Delegates review and manipulate management information using Excel


    Costing and break-even analysis

    • Fixed and variable costs
    • Marginal, absorption and standard costing

    Case study: Variance analysis

    Delegates review a variance report and consider the possible causes for variances


    Day 4

    Spreadsheet analysis skills


    Introduction to spreadsheets

    • Using spreadsheet programmes for business analysis and forecasting
    • The issue of spreadsheet risk

    Introduction to computer forecasting

    • Overview of the forecasting process
    • Creating useful models
    • Sales, growth and margins
    • Cost identification
    • Driving the cash flow

    Case study: New low cost airline

    Delegates prepare a spreadsheet summarising the forecasted first twelve months performance of this low cost airline and analyse it


    Case study:
    New low cost airline

    Delegates identify the break-even of the project and develop a cash flow forecast for the same business


    Case study: Financial analysis

    Delegates analyse a business and prepare forecasts of future performance


    Funding structures

    • The relationship between business risk and financial risk
    • The four phases of the corporate life-cycle
    • Identifying appropriate funding structures
    • Recognising the drivers of funding strategies

    Day 5

    Case studies and presentation skills


    Case study:
    Business analysis
    Delegates analyse a business using the methods presented earlier in the course


    Case study: Business forecasting
    Delegates value a business using the methods presented earlier in the course


    Case study: Financial presentation
    In small groups delegates prepare and present a slide based presentation of the salient features gained from the analysis case in session one using spreadsheets and graphical techniques

  • Our Tailored Learning Offering

    Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
    • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product
This course can be run as an In-house or Tailored Learning programme

Instructor

  • Timothy Jury

    To remain competitive and provide a truly top quality service, lawyers serving the international business and finance markets need a strong understanding of the law and of their clients' requirements. That's where my training comes in.

    Biography

    The course instructor is a chartered accountant, who qualified with KPMG. He has held main board financial and general management directorships in both quoted and private companies. He has considerable experience of management in turnaround situations and has completed a number of acquisitions, disposals and corporate reorganisations. Following a corporate recovery assignment he joined a major UK consultancy specialising in training for financial services businesses. He spent over two years developing and presenting corporate credit training for a number of large UK banks. Clients included Natwest, HSBC, Lloyds Banking Group, Allied Irish Bank, Co-operative Bank, Hill Samuel Merchant Bank, Swiss Bank Corporation & Trade Indemnity plc.After a further corporate recovery assignment in the textiles industry he became a full time training and strategy consultant offering courses covering all aspects of corporate lending, financial analysis, accounting, valuation, corporate finance, M&A, strategy and management. He combines his lecturing career with consultancy assignments in strategy and change management and advising on corporate recovery situations.In-house training initiatives have been completed for Standard Chartered Bank – India, Societe Generale – London, The Kenya Pipeline Company and others, in addition to developing and delivering Euromoney public courses in places such as London, Germany, South Africa, Egypt, Jamaica, Kenya, Ghana, Zimbabwe, Sri Lanka, India, Poland, Romania, Macedonia, Croatia and Hungary. He is involved in graduate and MBA training for London based investment banks such as Deutsche Bank and Barclays Capital. Private consultancy assignments have included advising a leading venture capital fund, the strategic review of a national tape and CD retailer and providing strategy advice and research for a major new business venture in Egypt. He is the co-author of – Advanced Credit Analysis – published by Euromoney in January 1997.