Aims & Objectives

Our Finance for Non-Financial Managers course is designed for busy managers and professionals who want to improve their planning, costing and budgeting skills.

You’ll learn about the financial reports and tools commonly used in business and will gain a better understanding of the way finance affects your business objectives. Please bring a calculator with you.

What will I learn?

Financial Awareness - Understand Financial Statements

  • 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 Balance Sheet

  • 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

How We Deliver

We currently deliver all training online to comply with the Government's guidelines.

Online training works well for businesses whose staff are mainly working from home.

It allows us to train all of your staff with the same training needs at the same time. Your people simply log on from home, using details provided in advance by our team.

Choose from Watch and Learn sessions for larger groups or interactive hands on sessions for smaller groups.

When permitted we also offer face to face training at your offices.

All sessions can be customised to a half day or 90 minute sprint session and tailored to fit your needs, covering the topic(s) within a course that are most important to your business.

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