Finance for Non-Financial Managers - In-House

This in-house training helps participants to understand and manage the effects of their decisions on business results, interact more productively with their finance-based colleagues, and to demonstrate more influence on decision-making in their organisation.

Highly practical and straightforward, this in-house course allows you to get straight to the root of financial issues, gives you confidence and control when making financial decisions, and demystifies financial information.

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

• Demystify the rules of capital expenditure vs operational expenditure helping you to justify investments to your senior managers and finance team.
• Understand how your daily decisions affect profit and cashflow.
• Review financial information relating to:
• your business (helping you to set targets for improvement).
• competitors (what can we learn from benchmarking their results?).
• 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).
• Manage the budgeting process to:
• ensure business strategy is implemented.
• negotiate funding for improvement or efficiency initiatives.
• manage financial performance, understanding variances and taking action to achieve your budget and objectives.
• 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.