The content is delivered in an easy-to-understand way, speaking your language and enabling you to understand the financial way of seeing things as well as giving you practical opportunities.
During the day you will learn to read the accounts, understand the terminology, be able to influence and control your key financial measurements, targets and budgets - all from an operational management perspective. The programme enables to you gain confidence in developing financial negotiations, participate in meetings where the finances are being discussed, build your own budgets, monitor your budgets and take a more active role in the financial aspects of the organisation.
This Finance For Non-Finance Managers course is available throughout the UK.
CPD Value 5.5 Hours
Learning Objectives
- The ability and confidence to discuss financial matters within the organisation through understanding the terminologies and methods used
- A working knowledge of profit/loss, balance sheets and cash flow and an ability to read financial statements
- An increased competence in planning, monitoring and controlling a budget
- An improved ability with regard to costing and pricing the organisation's products and services
Course Content
10:00 - 10:30 Understanding The Role of ‘Finance’ (The roles of the Finance Department and the non-finance manager; basic financial implications)
10:30 - 11:00 Financial Terminology De-mystified (Translating into plain English - what do they mean?)
11:00 - 11:15 Coffee break
11:15 - 12:30 Understanding the Financial Reports (Assets, liabilities, income and expenditure; The Profit & Loss account; the Balance Sheet; the Cash Flow Statement; cash and profit)
12:30 - 13:30 Lunch Break
13:30 - 14:15 Key Financial Ratios (Profitability; Return on Capital; Capital Turnover; Working Capital; Current Ratios; Debtors Ratio; Business Trends)
14:15 - 14:45 Finance in the Business (The business cycle, planning, target setting, measurements. The importance of the year-end activities: accruals and reserves. The importance of Expense Control)
14.45 – 15.00 Tea
15.00 – 15.45 Budgeting, Costing & Planning (Planning a budget. Monitoring and controlling a budget. Plans against actual. Variance analysis)
15.45 – 16.15 Costing and Pricing (Methodologies, break-even points)
16:15 - 16:30 Summary & Action Plans Agreed
Online Courses
You may prefer an online course if you are looking for a flexible and cost-effective solution. Online courses allow you to study at your own pace, at a time that suits you.
We have the following eLearning options available:
