{"product_id":"financial-reporting-training","title":"Financial Updates and Reporting","description":"\u003cp\u003eThe module begins by describing how the production of accurate financial updates and the comparison of actual results against budgets are part of the budgetary control process, resulting in financial update reports, which enable those responsible for meeting budget targets to track actual results against budget.\u003c\/p\u003e\n\u003cp\u003eThe two main components of financial updates are actual figures and budget figures. These are described in some detail, along with the creation of a financial update report, which has certain characteristics. It is important that the underlying accounting system must generate accurate data to ensure the integrity of the reports. Systems and criteria should be in place to check and clean the data regularly – this should follow a clear procedure. One output described is a monthly variance report – reasons for the variances are reviewed including operating conditions, inefficiencies, timing and poor budgeting.\u003c\/p\u003e\n\u003cp\u003eFinally, the module concludes by emphasising the confidential nature of financial reporting.\u003c\/p\u003e\n\u003ch3\u003eLearning Objectives\u003c\/h3\u003e\n\u003cp\u003eOn completion of this course, learners will:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eUnderstand how to monitor budgets and provide reports\u003c\/li\u003e\n\u003cli\u003eBe able to gather and interpret the financial information needed to create financial updates for a team or department\u003c\/li\u003e\n\u003cli\u003eBe able to create accurate financial updates\u003c\/li\u003e\n\u003cli\u003eBe able to compare reports against budgets to assess whether targets are being met\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eAccreditation\u003c\/h3\u003e\n\u003cp\u003eThe content of this course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.\u003c\/p\u003e\n\u003ch3\u003eCertification\u003c\/h3\u003e\n\u003cp\u003eOn successful completion of this course, you will be awarded a Virtual College certificate which you will be able to download and print immediately on completion.\u003c\/p\u003e\n\u003ch3\u003eDuration\u003c\/h3\u003e\n\u003cp\u003eThis course will take approximately 30 minutes to complete, depending on learning speed.\u003c\/p\u003e\n\u003ch3\u003eTarget Audience\u003c\/h3\u003e\n\u003cp\u003eThis course is aimed at team leaders and professionals, including finance officers.\u003c\/p\u003e\n\u003ch3\u003eEntry Requirements\u003c\/h3\u003e\n\u003cp\u003eThere are no specific entry requirements for this course.\u003c\/p\u003e","brand":"Virtual College by Netex","offers":[{"title":"Self Printed Certificate","offer_id":50706948391259,"sku":"01-LMX-01-014","price":20.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0862\/8990\/8059\/files\/WhiteMaleOnWorkLaptopworkingonfinancialFigures.webp?v=1741082009","url":"https:\/\/shop.virtual-college.co.uk\/products\/financial-reporting-training","provider":"Virtual College by Netex","version":"1.0","type":"link"}