Finance for Non-financial Managers

Overview:

This course demystifies finance, clarifies terminology and helps participants to adopt an informed approach to the financial aspects of their organisation.

Aims & Objectives:

Participants will leave the programme with a clear understanding of the role financial reporting instruments (Profit and loss account, balance sheet and cash forecast) play in understanding a business. They will have a clear understanding of the structure and purpose of these tools as well as techniques to construct a meaningful budget and forecast for a department or organisation.

On completion of this course, delegates will be able to:

  • State the role budgeting and forecasting plays in creating and maintaining a successful business
  • Interpret financial data in relation to their business
  • Understand the principles of working capital and cashflow
  • Understand the structure of a profit and loss account and a balance sheet and their importance

Course Outline:

  • Structure of a business
  • Understanding how the structure of a business effects the financial reporting tools used
  • The purpose of financial reporting tools
  • Creating and maintaining budgets and forecasts
  • The structure and importance of:
    • The profit and loss account
    • Cashflow forecast
    • Working capital
    • The balance sheet
  • Using financial ratios to understand a business
  • Interpreting company accounts

This highly interactive programme is delivered using a mixture of tutor input, group discussions and activities. Delegates will have the opportunity to work on a number of case studies and will review a number of company accounts.

You will gain confidence to work with financial key reporting tools.

 

Intended For:

This course is a good introduction to financial management and is ideal for technical specialists or managers who need to increase their understanding of finance and financial reporting tools. Note: This programme takes a department or organisational perspective to financial accounts, not a project specific approach.

None.