open Programme: leadership & Management

Finance for Non - Finance Managers

Increasingly, Organizations now require managers to be competent in non - specialist areas in addition to being specialists in their field.

This course gives a full overview of how finance works in business. It describes the business cycle and how finance is used in organizations. It also gives practical, exercise-led tuition on interpreting key financial statements such as the Balance Sheet, Cash Flow Statement and Profit & Loss account. It identifies ways to analyse financial information and shows how to understand key performance indicators to drive profitability. Delegates will leave with a full understanding of financial terminology, statements and analysis, allowing them to make the best decisions for their business

This course will equip you with the necessary practical skills to perform financial management duties with the necessary accuracy and efficiency. The course includes elements of accounting, financial reporting, budgeting and other general finance management tools.

Objectives 

The programme enables participants to:

  • Understand financial accounts and reports
  • Define important financial concepts in plain English
  • Use and understanding of financial concepts
  • Increase their Analytical skills to interpret financial results using ratios and other method
  • Manage budgets more effectively

Who Should Attend

Finance is vital for anyone in any organization, and this course is for anyone who needs to understand the financial implications of their day-today decisions. This course is suitable for managers, senior Managers and Directors from non - finance backgrounds. 

Course Modules

The Business Cycle and Business Objectives

  • What is Finance
  • Your Role in Company Finances
  •  Understand how money flows in the organisation
  • Business objectives -  use financial data to achieve business targets

The profit and loss statement and the balance sheet

  • Elements of the Profit and loss account or Income and Expenditure
  • Elements of Balance sheet
  • Cash flow Statement
  • Understanding the differences and links between profit and loss or income and expenditure accounts, the balance sheet and cash flow statement

Working capital and Cash flow management

  • Working capital: what it is
  • The importance of effective working capital and cash management
  • Cash flow management  

Cost control and reduction

  • The behaviour of costs
  • The importance of fixed and variable costs to decision making

Financial Analysis

  • Ratio analysis - how to use ratios to assess trends and understand the implications
  • How to interpret financial statements
  • Summary of the most relevant accounting and financial reporting principles from IFRS
  • Differences between management accounts and financial statements

Management Accounts

  • Preparing budgets
  • The seven steps to successful budgeting and preparing a budget under realistic constraint
  • Effective budgeting techniques
  • Break even analysis
  •  Latest news on how accounting is changing to move towards internationally recognised standards

Capital investment Techniques

  • Payback
  • Net Present Value
  • IRR and ARR
  • Practical accounting techniques including discounted cash flows

Location

This programme is available as an in-house programme at your preferred location

Pricing and Date

Contact Capworth for details. The Capworth Training team will take steps to ensure that in house programmes are run at a time that suits you.

Contact our client liaison team corporate@capworthtraining.com to discuss running this programme in house.


Training Schedule for Other Programmes. Click below for details.