Finance For Non-Financial Managers

Finance For Non-Financial Managers

Duration:
1 Day
Aims:

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.

Objectives:

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.

What will I learn?
FINANCIAL AWARENESS
Understand Financial Statements
  • - Identify the main financial statements used to report on financial conditions.
The Balance Sheet
  • - 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.
The Profit and Loss Account
  • - Match income earned and appropriate expenditure for a specific period of time.
  • - Accruals and Prepayments.
Income and Cash Flow Statements
  • - Recognise the difference between Income, Expenditure and Cash Flow.
  • - Identify non cash elements of expenditure.
V.A.T.
  • - Understand the mechanics of V.A.T. accounting.
  • - Different V.A.T. accounting methods.
  • - Flat scale charges for small businesses.
Budget preparation
  • - Establish objectives; internal or external.
  • - Ownership of finished budget.
The Budgeting Process
  • - Zero based or Inflation adjusted; Probability of achieving targets
Monitor Adherence to Budgets
  • - Effective variance reporting.
Ratios
  • - Recognise the benefits of using ratio analysis.
  • - Understand the meaning of liquidity ratios.
INTRODUCTION TO FINANCIAL MANAGEMENT
The purpose of Financial Management Systems
  • - 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.
Risk and Return
  • - Recognise the importance of risk and return decisions to the financial health of the organisation.
  • - Identify the major sources of financial risk.
The Time Value of Money
  • - 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.
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Our approach is to provide the skills and knowledge to increase productivity and achieve attitudinal and behavioural change, leading to long-term improved performance, increased employee engagement, retention and consistent gains in profit.

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Your Offices (in-house)
Your Offices
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If you have a number of people in your organisation with the same training need, in-house training programmes are an ideal, collaborative learning solution.

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Our Training
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Ideal for single/few staff member(s) that need development in a certain area. Sharing ideas and experiences with people from other organisations can be a huge benefit.

Virtual Learning
Virtual
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Enabling staff to join live classroom training via web conferences. Ideal for organisations with multiple offices or where staff are geographically spread.

Sprint Learning
Sprint
Learning

High impact 90-minute training sessions delivered either face-to-face or virtually in targeted subjects, to boost performance whilst reducing your staff time out of the business.

Managed Learning Services
Managed
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As an extension to your in-house L&D team, we will look after all the planning and organisation of your staff training needs, from assessment of needs through to delivery and evaluation.

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