Finance for Non-Financial Managers – 1 Day
- Course focuses on financial management for non-financial managers.
- Participants learn to interpret financial statements and manage cash flow.
- Intended for business managers, consultants, project managers, and analysts.
- Provides practical toolkit of financial techniques with real-world examples.
- Improves decision-making skills and enhances communication with financial professionals.
Overview
The Online Finance for Non-Financial Managers Training course aims to equip participants with the necessary financial knowledge to effectively manage business finances and engage in confident discussions. The course covers topics such as financial statement analysis, cash flow management, costing systems, and budgetary control. Through practical examples and case studies, participants will gain a toolkit of financial techniques applicable in real-world scenarios. The course targets business managers, consultants, project managers, and others involved in finance-related tasks to enhance their decision-making skills and communication with financial professionals.
Who should attend
Business Managers, Business Consultants, Analysts, Project Managers
Course Content
Overview
This highly-participative course is offered in a “one day” or “two day” delivery format.
Course Outline
Finance for Non-Financial Managers gives participants the power to manage their business finances and hold confident discussions about them, without resorting to “accountant speak”. Management decisions rely heavily on a sound understanding of the financial implications to the business. As a result, modern business managers need to have an awareness of how financial systems work, basic accounting principles and company accounts.
This course will give participants the required level of financial awareness and practical application, by enabling them to:
- Analyse the profit and loss account (income statement), balance sheet, and cash flow statement, and use ratios to interpret financial statements and identify their limitations
- Appreciate the significant importance of cash flow (rather than profit) and discounted cash flow (DCF) in creating shareholder value
- Develop costing systems such as activity based costing (ABC) for optimal decision-making to maximise shareholder wealth
- Use Excel© spreadsheets for break-even analysis, budgetary control, capital investment and project appraisal.
- Effectively manage cash and working capital to reduce costs and improve cash flow.
- Understand of the commercial impact of their actions
Training methodology
This seminar provides the theoretical background to some key areas of financial management, which are put into a real-world context by providing a practical ‘toolkit’ of financial techniques. It includes many worked examples and case studies relating to each of the topics covered. Participants are therefore provided with an opportunity to apply financial techniques in practice and to discuss the various issues that may arise.
Many of the practical examples, for example investment appraisal, break-even analysis, and budgetary control, are illustrated using Excel© spreadsheets.
Intended Audience
This course is intended for:
Business Managers, Business Consultants and Analysts, Project Managers and all whose work involves an appreciation of finance, budgets, cash flow and accounting methods
Organisational impact
Participants in this seminar will be provided with knowledge that can be shared amongst their own staff and colleagues, and with other departments. The awareness and understanding of the various financial techniques available will enable delegates to communicate better with financial professionals, within and external to their organisation, and to become more effective managers.
This will be achieved through:
- Immediate use of the tools and techniques of financial analysis and financial management that will be acquired
- Becoming better informed and using new financial skills that will help improve management decision-making
- Communication of the various financial tools that are available to help the organisation enhance its competitive positioning and profitability and
- improve the all-important cash flow.
Personal impact
Participants will be able to further develop their personal management skills by being:
- Better informed financially, to enable improved management decision making
- Better able to contribute to the effective management of the business
- Able to evaluate alternative courses of action and identify the most effective
- choices with regard to performance improvement
- Able to liaise more effectively with other departments on financial matters.
One Day Programme
Reading and interpreting financial statements
- Measures of financial performance and financial position
- Risk measurement
Costing
- Fixed costs, variable costs, and overheads
- Overhead allocation, absorption, and the use of activity based costing (ABC)
- Contribution versus profit
Financial decision-making
- Cost, volume, profit relationships and revenue
- Break-even analysis
- Make versus buy decisions
- Shut-down or continuation decisions
Budgeting & Budgetary Control
- Purposes of budgeting
- Activity based budgeting
- Organisational and accounting control systems
Working capital management and the importance of cash
- Working capital and the working capital requirement
- Managing working capital
Project Appraisal – the Investment Decision
- Methods for evaluating capital/other (?) projects
- Fundamental tools of investment appraisal
- Ranking of investment projects
Course Duration:1 Day
Cost:£250 + Vat
Live Virtual Finance Training
Online Finance Training
Finance for non-financial managers training
Finance for non-financial managers course
