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
Select specific date to see price, venue and full details.
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
Related Courses
- Advanced Credit Control - Customer Focused
- Advanced Finance for Senior Managers and Directors
- APMG International Finance for Non Financial Managers Online
- Budgeting, Reporting and Decision Making for Non-Financial Managers
- Business Friendly Finance
- Credit Control
- Customer Excellence for Finance Staff