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, analyze 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; sources of finance; key accounting conventions and standards
- Analysis and interpretation of financial statements – profitability, liquidity, working capital, gearing and investment ratios
Session 2
Day Two: Budgeting, Cash Flow and Analysis
Key themes include:
- 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
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
- Face to Face Classroom: £1,300 +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...