Course description
Finance for Non-Finance Managers Course
This two day course aims to equip staff with the confidence to communicate with both colleagues and senior management about business accounting and finance related issues, even if they lack confidence in their mathematical ability. It will do this by firstly providing the participant with a significant amount of knowledge and understanding of financial terminology being used today.
Secondly, it will remove the mystique of financial statements through case studies and examples discussed within the group. The course will help to develop a clear understanding and confidence of applying this knowledge to both generate, and question, financial data. It is intended to have a direct impact on the organisation’s performance by making staff more cost and profit aware.
The course will help build an understanding of how to use financial information to support and develop your business area; where you can add value to the financials being created or interpreted; and how to understand the architecture of each set of information and how these can be applied to your business area.
Upcoming start dates
Suitability - Who should attend?
This course is for managers and leaders who have a desire to understand how financial data is assembled and used within their organisation. This course has been designed to help leaders – and senior managers who are not finance experts – understand financial information and concepts and enable them to perform their roles more effectively and astutely.
Is this course right for you?
- Gain the confidence needed to communicate with colleagues and senior management about business accounting and finance related issues
- Be able to challenge financial proposals, business plans, projections and reports
- Gain a core understanding of financial strategy
- Learn how to analyse, interpret and evaluate key financial data, models and reports
Outcome / Qualification etc.
Learning Outcomes
On completion of this programme, participants will:
- Understand and explain the main features which characterise the structure and content of organisational financial information.
- Understand and assess the purpose of, and how to use, performance indicators which measure the financial performance of an organisation.
- Identify, analyse and apply appropriate management accounting tools to inform the strategic management decision making process.
- Critically reflect on their use of financial management information within their organisational setting.
Training Course Content
Session 1
Day One: Financial Statements and Sources of Finance
Key themes include:
- Understanding financial statements;
- statement of financial position/income statements
- adjustments-depreciation
- balance sheets
- assets and liabilities
- key accounting conventions and standards
- Analysis and interpretation of financial statements;
- Profitability
- Liquidity
- Ratios
Session 2
Day Two: Budgeting, Cash Flow and Analysis
Key themes include:
- Investment appraisal
- Payback
- Return on investment
- Operating and capital budgeting techniques and their use in planning and control;
- Cash flow forecast
- Profit versus cash flow
- Product/service costing/absorption costing/overhead allocation, apportionment and absorption,
- Break-even analysis
- Introduction to financial contribution
Course delivery details
Your Delivery Options:
Virtual Classroom:
We strive to create a positive and lasting impact through the delivery of our courses, which is why all our sessions are structured around taught theory, interactivity and shared experiences from the real world. Our online training courses are designed to create the optimum learning experience for the virtual environment. Our training is highly interactive; our tutors make regular use of whiteboard, annotate, polls and other types of interactive software to enhance the learning experience.
In House Team Training:
Our in-house service delivers tailored training solutions to assist businesses in achieving their goals. Unlike our open courses, our in-house offering provides completely customisable content that is built with your guidance to facilitate anything from large transformational projects to individual learner journeys.
Our dedicated bespoke account management team will work with you to ensure that the solution you and your business choose allows for the optimal learning experience.
Your In-House Training Options
- Off-the-shelf, existing programmes delivered privately for you and your team
- Part-tailored solutions using various elements of our existing programmes to create a unique programme aligned to your organisational needs
- Bespoke built programmes, created and designed entirely to meet your specific requirements and customised to your business’ goals
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: £1,100 +VAT
- In-House Services: Price on Enquiry
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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...