Finance For Non-Financial Managers
This course is designed for busy managers and those professionals who are responsible for financial matters without necessarily having a job title or qualifications to match and suits managers who need to know more about finance to improve their planning, costing and budgeting skills.
The aim of this one day course is to provide managers with an explanation of the financial reports and tools commonly used in business. Delegates will gain awareness and a basic understanding of the way finance affects their business objectives.
You will need to bring a calculator with you on the day.
- - Identify the main financial statements used to report on financial conditions.
- - What is being shown and at what point in time?
- - Identify the different types of assets and liabilities that appear on a balance sheet.
- - Recognise the value of understanding a balance sheet.
- - Match income earned and appropriate expenditure for a specific period of time.
- - Accruals and Prepayments.
- - Recognise the difference between Income, Expenditure and Cash Flow.
- - Identify non cash elements of expenditure.
- - Understand the mechanics of V.A.T. accounting.
- - Different V.A.T. accounting methods.
- - Flat scale charges for small businesses.
- - Establish objectives; internal or external.
- - Ownership of finished budget.
- - Zero based or Inflation adjusted; Probability of achieving targets
- - Effective variance reporting.
- - Recognise the benefits of using ratio analysis.
- - Understand the meaning of liquidity ratios.
- - Recognise the benefits of financial management systems in supporting organisational success.
- - Identify financial statements used to report financial condition in annual reports.
- - Understanding the difference between Management accounts and statutory accounts.
- - Introduction to some of the legal requirements for Statutory accounts.
- - Recognise the importance of risk and return decisions to the financial health of the organisation.
- - Identify the major sources of financial risk.
- - Recognise the importance of time-value-of-money concepts in financial management.
- - Identify the key information needed to calculate the future value of an investment.
- - Understand the present value formula.