Corporate Training for Teams

Finance for Non-financial Managers (In-House)

Length
1 week
Length
1 week
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Finance for Non-financial Managers (In-House)

Finance for Non-financial Managers (In-House)

Finance for Non-financial Managers training course is designed to provide non-financial managers with a greater understanding of the way finance affects their business performance. This course will enable managers to become strategic thinker and planner and help them become a bigger players in corporate world.

Suitability - Who should attend?

Who should attend

Finance for Non-financial Managers one week training course is for business owners and managers who need to communicate with stakeholders, investors, funders and banks.It is ideal for anyone who has a basic knowledge already and understands the terminology but needs more financial awareness.

Outcome / Qualification etc.

By the end of the course, participants will be able to:

  • Understand fundamental financial terminology and concepts
  • Read and interpret financial statements
  • Gauge the financial impact of operational decisions
  • Understand the basis for evaluating investment decisions
  • Integrate financial concepts and policies into the management decision and budgeting process
  • Evaluate the meaning of income statements and balance sheetsEmploy cash flow analysis to assess business status
  • Calculate the cost of business activities
  • Control business operations through effective budget management
  • Communicate effectively with financial executives and staff

Training Course Content

Introduction to Financial Statements

  • Importance of financial measures
  • Financial accounting and management accounting
  • Participants' needs and wants from the course
  • Introduction of the basics of accountancy

The Balance Sheet

  • The key components of the Balance Sheet
  • About Fixed Assets
  • Current Assets – what they are, and how to improve
  • Current Liabilities – what they are
  • The vital importance of Working Capital management
  • About Gearing

The Income and Expenditure Account (or Profit and Loss Account)

  • The key components of the P&L Account
  • Why Profit is so important, and how it links to the Balance Sheet
  • Understanding Ratios
  • Managing the Gross Profit Margin
  • How managers worsen, or improve, the Gross Profit Margin
  • Different types of costs

Using Ratios to benchmark Performance

  • What are the key ratios
  • What do they mean
  • Using these ratios to benchmark our performance

Return on Capital Employed

  • What is Return on Capital Employed?
  • Elements of ROCE
  • Comparison of ROCE
  • Financial Analysis with ROCE

Moving from Analysis to Forecasting

  • The principles of Forecasting and Budgeting
  • Revenue Budgets – what they are, how to use the 3 approaches to budgeting to motivate improved performance
  • Capital Expenditure – understanding the time value of money
  • Cost – Benefit Analyses – projects, new equipment, more staff, they all cost money
  • How to do a Cost-Benefit Analysis
  • Where budgeting can go wrong, and how to avoid the principal problems

Expenses

Course Price: £3290 excl. VAT

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BOC - Global Events & Training Group
20-22 Wenlock Road
N1 7GU London

BOC - Global Events & Training Group

BOC Global Events & Training Group is a professional global event organiser and corporate training provider, dedicated to help organisations to create new market space or a “blue ocean”, thereby making the competition irrelevant. Based in London, BOC has delivered...

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