Course description
Financial knowledge, skills and commercial awareness are business critical skills for all non-finance managers. As a manager you will be able to effectively partner with the finance function and contribute to the business's performance if you are familiar with financial terminology and principles.
This course provides an overview of the fundamentals of accounting and finance. You will also learn how to read and interpret the financial information and reports that you are regularly presented with. Ultimately, your newfound understanding of finance and its importance to your business will enable you to be more successful and influential in your managerial role.
Participants will also learn how their decisions affect the financial performance of their organisation. Participants leave the session with a better understanding of and ability to use financial terminology in their workplace or when communicating with key stakeholders about their needs.
An advanced session is available for those needing to gain more in-depth knowledge and skills after completing the introductory session.
Upcoming start dates
Suitability - Who should attend?
Managers who require a foundational knowledge of financial concepts to enhance their decision-making and business acumen will find this programme useful.
It is also suitable for people in functions other than Finance who want to learn more about financial terminology, principles, and practises or who regularly interact with Finance and want to improve their interactions.
Owners of small and medium-sized businesses (SMEs) or start-ups will find it to be equally suitable.
Outcome / Qualification etc.
After completing this introductory course, you will be able to:
- Understand the various financial statements (balance sheet, profit and loss statement, cash flow), including: what they are, why they are useful, and what they show
- Evaluate the role you can play in setting budgets and developing your organisation's financial strategy
- Discover how to analyse and compare your company's financial performance.
- Have more informed conversations with finance colleagues to remove the risk of miscommunication or misunderstanding
Training Course Content
- Introduction to Financial Fundamentals:
- Overview of basic financial principles.
- Introduction to financial statements and their significance.
- Understanding the relationships within financial statements.
- Comprehending Financial Documents:
- In-depth exploration of profit and loss accounts.
- Comprehensive understanding of balance sheets.
- Decoding cash flow statements.
- Effective Cost Management:
- Analysing real-world cost scenarios.
- Identifying key drivers impacting costs.
- Strategies for managing and improving cash flow.
- Financial Analysis and Decision-Making:
- Introduction to financial analysis techniques.
- Application of breakeven analysis.
- Strategies for improving margins and contributions.
Optional Coaching Session:
- Personalised coaching for applying course concepts to individual work scenarios.
Course delivery details
Our flexible course delivery options cater to diverse client requirements, ensuring a tailored and impactful experience. Choose from:
- Instructor-Led Classroom Sessions: Engage in hands-on activities and group-paced learning for an immersive experience.
- Live Online Webinars: Access our fully online learning with guaranteed small groups, one-to-one coaching, and flexible study options.
- On-Demand Self-Study: Opt for our 'Light' and premium 'Turbo' options, allowing you to work at your own pace around commitments.
- Tailored In-House Training: Bring the course to your organisation's doorstep, available both within the UK and internationally.
Whichever option you choose, our course is designed to provide you with the confidence, skills, and credibility to accelerate your career. Apply your learning directly in the workplace and expand your network in people management, HR, or Learning and Development.
Reviews
Average rating 4.8
Very good content. I suggest you to take it too!
My experience has been excellent. The course explanation was very clear, and the short segments made it simple to grasp.
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Crossroads Global Private Limited
Crossroads Global helps global organisations build intercultural intelligence, enhance team effectiveness, trust, and connections. We have designed and delivered bespoke solutions such as leadership programmes to leverage distance and diversity, training modules for productive remote working and cultural awareness workshops...
The concepts were clearly explained and I found the resources shared to be very useful