Finance Essentials for Account Managers

This course provides Account Managers with an update of the essential financial knowledge required to sell the right product in either a B2B or B2C environment. Account Managers will be better able to guide and support fleet procurement decisions and will gain an understanding of the impact on individual employees and leasing customers. Attendance will also help your organisation to manage conduct risk which in turn, will support your compliance with IFRS16.

Who should attend?

Sales directors, account managers, business development managers – any automotive professional wishing to refresh their knowledge of accounting for leases.

Course content

  • New Lease Accounting Standards (IFRS 16)
  • Who’s affected, what’s changing and why it’s not a big deal
  • Key benefits of Leasing
  • Explaining Balance Sheet, P&L, Cash Flow
  • Sources of Finance
  • Fleet Procurement Decisions
  • Funding Options within Leasing – Personal and Non-Personal products
  • Leasing and VAT
  • Corporation Tax
  • Benefit in Kind personal taxation

Learning outcomes

  • Appreciate the role of key financial statements
  • Understand the key principles of lease accounting
  • Understand the funding options available and how procurement decisions are made
  • Understand the effect of taxation on leasing solutions
  • Appreciate the impact of IFRS16

Trainer

Mark has extensive experience in various areas of Finance. He is a Chartered Accountant and has worked as a Finance Director in vehicle leasing (13+ years), vehicle retailing (3 years) and parcel distribution (4 years). He has also been responsible for risk, pricing, legal, HR, procurement and remarketing functions at various times of his career.

Duration

1 day

Dates and locations

Please use the drop down menu on the right hand side of this page to see the dates and locations that are currently available.

If you do not find anything suitable then please contact us on 01494 545719 as we may be able to deliver this course for you in-house.

Costs

£300 + VAT (Member price)

£375 + VAT (Non-Member price)

 


Cancellation Policy 
Requests for cancellation of a training course booking must be received in writing via email to training@bvrla.co.uk for the attention of the Learning and Development Professional. Requests for cancellation received more than 30 days prior to the course start date incur an administrative charge for the processing of the refund at the rate of 25% of the course fee. Requests for cancellation received more 15-30 days prior to the course start date incur an administrative charge for the processing of the refund at the rate of 50% of the course fee. There is no refund on cancellations made 14 days or less prior to the course start date as there is an impact on other delegates who have booked to attend and could result in the course being cancelled overall.

Postponements
Postponement of attendance from one course to a later course can be requested in writing as per the cancellations policy above to training @bvrla.co.uk. Requests to postpone more than 30 days prior to the course start date will incur an administration charge of £35 + VAT. Requests to postpone more 15-30 days prior to the course will incur an administration charge of £70 + VAT. Requests to postpone 14 days or less prior to the course will be treated as a cancellation, with no refund payable.

Substitutions
You can request the substitution of a delegate for another in writing as per the cancellations policy above to training@bvrla.co.uk. There is no charge for this. Requests for substitution must be made no later than one business day prior to the scheduled course start date.