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Finance for Non Financial Managers Training Course

Course Aims:

Our Finance for Non Financial Managers training course is aimed at managers who need to improve the way they manage finances (budgets, cash flow, profitability) in their area of responsibility.

Course Objectives:

At the end of this course delegates will be able to:

Understand the fundamental finance principles and terminology.
Be able to interpret the profit and loss account and balance sheet.
Understand how the budgeting process works and be able to prepare, interpret and act upon budgetary information.

Duration:

1 to 2 days

Introduction and objectives	Managing a business and managing money Importance of finance controls for the success of the business The key financial responsiblities of a manager
Finance basics	Why we produce financial information Key financial terms Revenue, profit, costs, assets, cash, etc Statutory accounts vs management accounts
The balance sheet	What it is and why it is important What is included in a balance sheet Understanding the difference between fixed and current assets and liabilities Treatment of assets and concept of depreciation
Profit and loss account	What it is and why we have one Elements of a P&L Differentiating income, operating and capital expense Types of costs (fixed vs variable) and depreciation
Interactions and interdependencies	How the balance sheet, P&L and cash flow statement interact with each other Capital purchases, revenue purchases and stock
Budgeting	What a budget is and why it is important Building up a budget Monitoring control and variance analysis
Action planning	Transferring learning back to the workplace

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