Finance for Non Finance Managers
Course Aims:
This course is aimed at managers from all disciplines 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 key financial statements and reports to inform their decision making.
- Understand how the budgeting process works, and be able to prepare, interpret and act upon budgetary information.
Duration/Location:
- 1 or 2 days/In house or consultant facilitated virtual course/online training session(s)
Course Contents:
- Managing a business and managing money
- Importance of finance controls for the success of the business
- The key financial responsibilities of a manager
- Why we produce financial information
- Key financial terms
- Revenue, profit, costs, assets, cash, etc
- Statutory accounts vs management accounts
- Attitude vs behaviour
- Collecting evidence
- Holding accountability meetings
- Reviewing performance and giving feedback
- Agreeing actions
- 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
- How the balance sheet, P&L and cash flow statement interact with each other
- Capital purchases, revenue purchases and stock
- How the balance sheet, P&L and cash flow statement interact with each other
- Capital purchases, revenue purchases and stock
- How the balance sheet, P&L and cash flow statement interact with each other
- Capital purchases, revenue purchases and stock
- What is a budget and why it is important
- Building up a budget
- Monitoring and control and variance analysis
- Transferring learning back to the workplace
Courses
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