Finance for Non-Financial Managers

• Delegates from all sectors who have a need to understand financial statements and principles in order to improve their own knowledge and to benefit their area of responsibility within the organization. The course covers both the key financial principles and crucially enables delegates to understand and build each financial tool via fully supported practical sessions within a safe environment.

Course objectives

• To understand and interpret; balance sheet, profit & loss, and cash flow statements
• To understand and build effective budgets
• To understand and build effective costings

Course content

The Balance Sheet

• Format & content of the Balance sheet
• Understanding the principles behind the numbers
• Building the balance sheet
• Balance sheet analysis

Cash-Flow Forecasts

• The importance of cash flow
• The format and content of the cash-flow forecast
• Building the cash-flow forecast
• Linking cash flow to the profit and loss account

Building effective budgets

• The format and content of budgets
• Ensuring accurate information
• Building the budget
• Managing the budget

Building effective costings

• Key costing techniques
• Understanding margin management
• Integrating costing with budgeting
• Budget and cost reporting

The Profit & Loss (P&L) Statement

• Format and content of the P&L statement
• Understanding the principles behind the numbers
• Building profit & loss statements
• The link between the P&L and the Balance Sheet