Finance for Non-Financial Managers (1 day)

Overview: If everyone within your organisation had a good understanding of how they can positively impact the finances of it through their day to day decision making, can you imagine the potential results that could be achieved? This course aims to provide a solid grounding of the key areas of finance, consider how it can be influenced and for the course participants to leave with an action plan outlining how they intend to put ideas from the course into practice.

Course content:

• What is a profit and loss account (or income and expenditure account for non-profit making organisations)? Structure, content, terminology, how information gets onto it
• Positively impacting the profit and loss account: what can be done operationally to get the best results financially? Influencing gross profit and controlling costs. Use of cost drivers as a technique to reduce costs without having a negative effect on the ability to achieve objectives
• What is a balance sheet? Structure, content, terminology, how information gets onto it.
• Which parts of a balance sheet can you influence on a day to day basis and how to do so positively?
• The differences between profit and cash
• The importance of good cash flow management and everyday techniques
• Interpreting accounts using ratios and considering how they can be improved operationally
• Manipulating the accounts through adjustments including accruals, prepayments and deferred income. Why these adjustments are done, how to do them and important things to be aware of

Who is it for? Anybody in any role will have an impact on the finances of the organisation, some people more directly than others. This course will benefit everyone regardless of the level that they are at as it will be pitched appropriately to achieve the needs of those participating.

Course duration: 1 day

Tailoring the course: Whilst we are more than happy to provide you with a generic course, we find that tailoring our courses to the particular needs of the course participants and to your own organisation provides the best results by far.

Any of our courses can be tailored to your specific organisation and incorporate your terminology, processes, reports, etc. We find that this really helps the course participants to see the relevance of the course content and assists them with understanding areas of finance that could potentially appear complex as we are using language and examples that they are familiar with and can easily relate to.