Finance for Non-Financial Managers

Managers who understand the financial side of their business are much more effective than those who don't. This introductory financial workshop will demystify the language of finance to enable them to contribute more effectively to business success.

This short financial course adopts a common sense, layman's approach to enable delegates to understand and interpret financial statements, improve their ability to forecast and manage costs and understand key accounting concepts.

This introduction to finance can be customised to run in house using an organisation's own financial information. It can also be delivered as a two-day course to provide further opportunity to practise additional skills and to allow for deeper discussion.

Who should attend the Finance for Non-Financial Managers course?

Non-financial executives, directors and all levels of managers who wish to gain a practical working knowledge of understanding and managing money effectively will benefit from this short financial course.

What are the benefits of attending Finance for Non-Financial Managers training?

By the end of the workshop, delegates will be able to:

• understand the importance of finance and of controlling costs
• appreciate how budgets are constructed and utilised
• make sense of financial jargon related to published business accounts and management accounting reports
• demonstrate their understanding of cost management, the budgeting process and the need for effective budgetary forecasts and control
• demonstrate their understanding of financial techniques associated with capital expenditure and the concept of risk management

Key topics in the Finance for Non-Financial Managers course

• How to interpret accounts, profit and loss statements and balance sheets
• Use of financial ratios
• Understanding accounts, accounting standards and rules
• Management accounting
• Control of working capital, stock, creditors, debtors and cash
• Budget forecasting and control
• Cost accounting and control
• Understanding the need to financially appraise capital expenditure projects
• Company taxation and strategies
• The economy, the City and financial control

Audience: Team Leaders, Middle Managers, Senior Managers and Directors, Operations Managers and Directors, First line managers