Claiming Back Your VAT
All attendees of a London based course incur VAT as a part of the cost of attendance.
Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.
Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.
Claim the VAT that's rightfully yours in four simple steps:
1. Register your interest
2. Sign a few simple documents
3. VAT IT processes your claim
4. Receive your refund
Why choose VAT IT
VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.
VAT IT will charge a percentage of the VAT refund if/when it is successful.
Can I claim back the VAT myself?
You can 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.
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.
Mastering Finance for Non Financial Managers
Finance for Non-Financial Managers & Executives is an intensive five-day course designed to provide non-financial executives and others with the knowledge and confidence required to comprehend and participate in financial decision-making and analysis.The course is in the style of a series of presentations interspersed with case study material. Delegates are required to carry out a fair amount of financial manipulation and are introduced to spreadsheets with 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 and others who are not financially trained, but who need to be familiar with the overall concepts and language used in corporate financial management, financial analysis, credit transactions and other corporate finance activities.
Whilst the course is not explicitly designed as a spreadsheet software training course delegates less familiar with spreadsheets should be able to develop their spreadsheet knowledge from the case study material offered in the course.
Delegates are encouraged to ask questions and develop their knowledge by enquiry. The presentation style is intensive, inclusive and informal. In the pre-course period delegates are expected to read from cover to cover a complete set of published statutory accounts.
The course covers:
- Contents of accounts
- The profit and loss account and balance sheet
- Ratio analysis
- Cash flow analysis
- IFRS, IAS and the IASB
- The time value of money
- Project analysis
- The cost of capital
- Business valuation
- Presenting financial information
- The course is ideal for those persons seeking a proper grounding in the fundamentals of finance and accounting, including:
- Non-financial managers from backgrounds such as design, production, engineering, sales, marketing, legal, IT and HR
- Entrepreneurs and consultants
- Financial services managers seeking the basics of finance and accounting
- Other non-financial specialists who wish to know more about finance and accounting
Dealing with the fundamentalsIntroduction to financial analysis
- Differences in 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.
Fundamentals of accounting statements: The profit & loss account
- Detailed review of the Profit and Loss Account
- Profit types - Trading, asset and business
- Inventory, Depreciation, Capitalised interest
- Minority interests and consolidation
- Exceptional and material items
- Detailed review of the Balance Sheet
- Understanding the fixed assets note,
- Accounting goodwill – What is it?
- Liabilities, pension fund accounting
- Debt and other liabilities like debt
- Deferred tax, contingent liabilities
- Abuses of Fair Accounting
- Basic abuses relevant to all businesses
- More complex abuses relevant to larger groups
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
Delegates summarise cash flows for analysis purposes
Cash flow analysis
- The four phases in the life of a business
- Dealing with the consequences of growth and no-growth.
Delegates restate cash flows to improve their understanding of performances
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
Delegates match ratios to different types of businesses.
Delegates consider what ratios do and do not tell us.
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
The time value of money
Financial mathematics and project analysis
- Present & future values
- Defining the discount factor
Net present value (NPV) – Developing the concept
- NPV's and varying future cash flows
- Perpetuities and annuities
- Introduction to project analysis
- Developing a forecast of the project cash flows
- Identifying the key risk areas
- Discounted cash flow techniques
- Calculating the internal rate of return
Delegates perform investment appraisals to decide whether to proceed with a capital investment
Case study: Project analysis
Delegates create a summary of the project cash flows & Identify the principal project risks
Case study: Eight Projects
Delegates evaluate a number of projects and decide which projects should be pursued and which rejected.
- Management information
- Monthly reporting
- Introducing credit analysis frameworks
- Financial analysis – Review of the issues
- Non-financial analysis – Developing a framework
Cost of capital and valuationThe cost of capital and the underlying corporate finance theory
- The cost of debt
- The capital asset pricing model
- The tax subsidy effect
- The cost of equity
- Portfolio theory
- The Equity Risk premium
- Completing the WACC
- Mogdiliani Miller and the theory of leverage
- The relationship between business risk & financial risk
- The four phases of the corporate life-cycle
- Identifying appropriate funding structures
- Recognising the drivers of funding strategies
- Preparing the forecast
- Identifying the free cash flows
- Competing the valuation
Other valuation methods
- Earnings based valuation
- Dividend discounting
- Asset valuation
The need for growth
- A review of the consequences of our understanding of the WACC and valuation for those responsible for managing listed business
Case studies and presentation skills
Case study: Business analysis
Delegates analyse a business using the methods learned in the course
Case study: Business valuation
Delegates value a business using the methods learned in the course.
Case study: Financial presentation in small groups
Delegates prepare and give a presentation of the salient features gained from the analysis case in session one using spreadsheets and graphics.
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
Timothy JuryTo 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.
BiographyThe 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.
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