Finance for Non-Financial Managers

Finance for Non-Financial Managers


£195 +VAT

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One Day

Finance for Non-Financial Managers

Course Description

The modern manager needs to understand the financial implications of their day to day decisions and the impact they have on the business.

It is also important that managers have a solid grasp of basic financial awareness in order to agree and manage budgets effectively and appreciate core finance principles.

This training programme is aimed at any manager that would like to be more financially aware and will help participants to understand financial concepts and the terminology used. They will learn how to translate financial reports, write and understand budgets and use the information to help improve their success as a manager.

Course Objectives

By the end of this Finance for Non-Financial Managers training course you will be able to:

Explain your impact on organisational finances and interpret key facts,
Understand financial terms and confidently discuss issues that affect company finance,
Interpret the three key financial statements - Profit & Loss, Balance Sheets and Cash Flow,
Plan, Implement and Monitor a Budget.

Course Content

The finance course covers the core financial statements and provides important experience and practical examples in the following areas:

An Introduction to Finance Basics
Helping participants appreciate how their role as manager influences and affects finance within the organisation

Understanding Financial Terms
Addressing the barriers of financial jargon in order to ensure participants feel included in discussions around finance

Financial Statements
Providing participants with an understanding of the five accounting groups and introducing them to the three key financial statements

The Profit & Loss Statement (Income Statement)
A walkthrough of this statement with a focus on net profit and gross profit and why they are important

The Balance Sheet
Asking participants to review the balance sheet to identify what it does and does not tell them whilst ensuring they understand capital, assets and liabilities and the accounting equation

Cash Flow
Identifying what cash flow is, why it's important and how the cash flow cycle works

The Cash Flow Statement
Understanding how to interpret a cash flow statement, who it's important to and the categories within it (operating, investing, financing)

Working with Budgets
Helping participants to identify what a budget is and why it's important to the organisation and the participant as manager

Budgets and the Operational Plan
Looking at the planning cycle, where the budget sits and its relationship with the operational plan

Writing a Budget
A look at budgeting methods, the different budgeting options, including variables, developing categories and defining budget line items

Budget Planning Practice
A practical activity that helps participants develop an effective budget plan

Monitoring the Budget
The importance of monitoring the budget, checking variables and making cash flow projections

Related courses

Performance Management

Management Training

Introduction to Supervisory Skills


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