Finance for Non-Financial Managers

This course demonstrates financial concepts through real world business scenarios that your managers can relate to, showing them how their actions and decisions can impact on the organisation’s financial working.

This course will help learners to:

• Be able to read and understand the primary financial statements – balance sheet, profit and loss account and cash flow statement;
• Understand the basic principles of capital appraisal;
• Appreciate the importance of cash flow and the impact of their actions upon it;
• Understand the importance of managing working capital and identify their contribution to this process;
• Understand the rules of, and need for, budgeting;
• Communicate more effectively and constructively with the finance department;
• Identify ways of improving your company’s profitability, through an increased understanding of its financial workings

Course outline summary:

• Balance sheet and profit & loss accounts
• Basic concepts and terminology
• Understanding corporate finance and communicating with the finance team.
• Accruals, Deferrals and Provisions
• Fixed assets and Depreciation
• Costs and the importance of cash flow
• The management of working capital
• Reading and understanding accounts
• Internal  and external management accounts and reports
• Ability to review financial statements and apply key financial and performance ratios.
• Trend analysis
• Budgets: the theory and the practice,
• Different budget cultures; top down, bottom up; last year plus, zero-based.
• The importance of budgets as a management tool.
• The theory of pricing
• How your day-to-day activities have a direct impact on the top and bottom lines of the company’s financial accounts.
• Action planning

Want this course tailored to meet your exact needs?

Contact us for a bespoke detailed course outline, or to arrange a no obligation meeting.