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Finance for Non-Financial Managers

Hemsley Fraser
Course summary
Length: 2 days
Location: Birmingham, Edinburgh, London, Manchester
Rating: (3 Reviews)
Course home page: Link
Course type: Open / Scheduled

Finance for Non-Financial Managers


Finance for Non-Financial Managers - 2-Day Training Course

This two-day course enables participants to interact more productively with their finance-based colleagues, understand and manage the effects of their decisions on business results, and to exert greater influence on decision-making in their organisation.

Straightforward and highly practical, this course allows you to get straight to the crux of financial issues, demystifies financial information and gives you confidence and control when making financial decisions.

By the end of this course you will be able to:

  • Understand how your daily decisions affect profit and cashflow.
  • Demystify the rules of capital expenditure vs operational expenditure helping you to justify investments to your senior managers and finance team
  • Review financial information relating to:
    • your business (helping you to set targets for improvement)
    • existing customers (are they still viable?) and potential customers (are they a credit risk?)
    • your subsidiaries (helping you to manage and set targets for your team)
    • competitors (what can we learn from benchmarking their results?)
  • Manage the budgeting process to:
    • ensure business strategy is implemented
    • manage financial performance, understanding variances and taking action to achieve your budget and objectives
    • negotiate funding for improvement or efficiency initiatives
    • win in the negotiation over funds allocated to your budget, ensuring it’s achievable
  • Easily assess the viability of entering new markets or developing new products

Suitability - Who should attend?

This course is suitable for managers who want to gain a clear understanding of the fundamentals of business finance and the financial implications of decisions they make.

Training Course Content

Course content includes:

The Nature and Purpose of Accounting

  • A simple model of an organisation’s accounting framework
  • Who uses the accounts and what do they use them for?
  • Where can I find out about my organisation’s/my competitors’ financial position?

Profit and Loss Accounts, Balance Sheets and Cash Flow Statements

  • Their structure and terminology, what they tell us and why they need to be reviewed together to gain a full understanding of business performance
  • Using financial information as a management tool
  • Understanding how operational income and costs are accounted for and the implications for how you manage costs in your department

Managing Finance

  • Understanding working capital : What it is? How can we manage it?
  • Why too much working capital is bad for you and too little may be disastrous
  • Optimising working capital for your organisation and the implications for negotiating with customers and suppliers
  • The distinction between profit and cash flow
  • Considering sources of funding

Understanding Management Accounting Including Budgeting

  • Putting together a robust budget
  • Negotiating budget funding
  • Assessing variances and reforecasting the budget
  • Evaluating feasibility of operational projects via break-even analysis
  • The effects of depreciation

Personal Development

  • Formulating an action plan


The cost of this course is £999 + VAT per delegate.

Multiple booking discounts are available.

In-company Training
Hemsley Fraser can also deliver this course in-house, tailoring the content to meet your organisation's needs.

Provider: Hemsley Fraser

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Contact information for Hemsley Fraser

Hemsley Fraser

74-94 Fore Street, Saltash
PL12 6JW Plymouth

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Reviews by course attendees

Ruth   |   11/12/2013
The course was among the best I have experienced, as well as being in a great setting. It was delivered at a good pace. I enjoyed the practical involvement and how it would apply to my every day work. The trainer was outstanding, knowledgeable and easy to understand. Ruth Marsden, Bray Plastics
Robert   |   31/07/2012
I found the sections on jargon and PTL sheets particularly helpful. This programme has given me a better understanding of financial reviews. Robert Allen - Kingston Technology Europe Ltd
Delegate   |   31/07/2012
Very good course overall; I certainly have learnt a good deal - excellent trainer.
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Finance for Non-Financial Managers
Course rating
Based on 3 reviews