Course description
Director Development Programme - Finance for Non-Finance Directors
Equipping Directors with the knowledge and skills to understand and assess key financial concepts, terminology and reports, the Finance for Non-Finance Directors course will provide Participants with the ability to confidently evaluate the financial position of their organisation.
Helping non-finance directors to use and understand the financial numbers in their business, this course will provide candidates with the essential skills and knowledge to interpret key financial statements, models and ratios. Directors will be well placed to ask the right questions, make informed decisions and prioritise where to focus their energy and company resources.
This module will give non-finance Directors the confidence to better scrutinise financial reports and challenge finance professionals in a positive and constructive way. Participants will take away a vital understanding of financial strategy and improve financial planning.
This is one of five modules, which together make up the full Directors Development Programme. The module can be taken on its own or as part of the full programme. By attending this course, you will gain invaluable insights from industry experts into new ways of working, innovative concepts and the latest theories that can be applied instantly on returning to your own organisation.
Upcoming start dates
Suitability - Who should attend?
This module is for directors, business leaders and senior professionals who are required to use, interpret or produce financial information but have had little or no formal training within the field of finance. We recommend participants have a minimum three-five years of senior management experience.
This course is for you if you want to:
- Understand more about financial strategy
- Challenge financial proposals, business plans, projections and reports
- Analyse, interpret and evaluate key financial data, models and reports
- Review and assess the financial health and position of the organisation
- Better understand the financial challenges within the business environment and apply best practice
Outcome / Qualification etc.
Learning Outcomes
On completion of this programme, participants will:
- Understand how a robust financial strategy can help drive value within the organisation and underpin the company’s overall business plans
- Confidently interrogate key financial data and challenge financial proposals, business plans, projections and reports
- Review and assess the financial health and position of the organisation
- Make balanced, informed board-level decisions based on an understanding of financial data
- Recognise and comply with statutory, and other, requirements relating to company director roles and responsibilities
- Identify, evaluate and manage financial risk
- Communicate more confidently and effectively with directors and senior leaders on financial issues
- Confidently challenge and influence board-level decisions and company direction based on a sound grasp of financial concepts
- Evaluate the practical implications of investment decisions
Training Course Content
Session 1
Financial Responsibilities of Directors and the Board
Key themes include:
- Understanding Director Responsibilities and Accountabilities
- Introduction to the Companies Act
- Governance and Finance
- Financial Strategy
- Working With Finance Departments and Your Finance Director
Session 2
Understanding Finance and the Various Financial Statements
Key themes include:
- Introduction to the Key Financial Terminology, Accounting Concepts and Standards
- Financial and Management Accounting
- Costing Systems
- Break Even Analysis
- the Profit and Loss Statement
- the Balance Sheet
- Cash Flow Statement
Session 3
Assessing Financial Risk and Ratios
Key themes include:
- Assessing Financial Health
- Ratio Analysis
- Cash Flow Ratios
Session 4
Getting the Best from Your Finance Team
Key themes include:
- Financial Planning and Reporting
- Gaining Strategic Value from the Finance Department
- Finance Decision Support
- Budgeting and Forecasting
- Financial Controls and Key Performance Indicators (KPIs)
Session 5
Case Study: Analysis of Financial Board Reports
Key themes include:
- Interactive Group Session
Session 6
Identifying Appropriate Sources of Finance
Key themes include:
- Understanding Your Stakeholders and Their Interests
- Distilling and Reporting Financial Position
- Summarising Performance
- Communicating Effectively
Session 7
Presenting the Case to External Financial Stakeholders
Key themes include:
- Understanding the Requirement for Finance
- the Cost of Capital, Its Relevance to Decisions
- What Are the Options?
- Private Equity Providers
- Bank Finance
- Shareholder Finance
- Raising Capital From Stock Markets
Session 8
When It Can Go Wrong
Key themes include:
- Corporate Failures
Why choose In Professional Development
Delivered training to over 10,000 organisations
92% of delegates rate our courses as 5 star
Created over 2,500 CMI registrations
Expenses
Course Price
- Virtual Classroom: £1,200 +VAT
- Face to Face Classroom: £1,400 +VAT
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In Professional Development
In Professional Development are a professional training provider offering a wide range of professional development courses, on an accredited or non-accredited basis. Our course portfolio ranges from 1 to 5-day courses. We work with a range of partners to ensure...