Finance for Non-Financial Managers

This course demystifies financial information and breaks down the key financial documents into manageable sections. It looks at both financial and management accounting and gives the learner a greater understanding of how their decisions affect the business.

Course objectives/key benefits:

On completion delegates will be able to:

• Increase their confidence when participating in a financial environment
• Understand the difference between key sources of financial information
• Understand key financial terminology
• Calculate financial ratios and use them to interpret performance
• Distinguish between the impact that revenue, capital and cash flow has on a business
• Identify and analyse variance in budgets and use them to make decisions
• Prepare break-even analysis

Who the course is aimed at:

Managers and office professionals who want to gain an understanding of the main areas of business finance in order to improve their knowledge in meetings and decision making.

Course content:

Day 1

• Look at the users of accounting information
• Understanding what is contained in the financial statements -Profit and loss account, balance sheet and cash flow statement
• Understanding working capital and the importance of it in a business
• Capital expenditure vs. operating expenditure
• Work through different depreciation calculations
• The rules of producing accounts

Day 2

• Evaluating real business performance through ratios
• Understanding different costing methods
• Review the budgeting process
• Look at the hints and tips for better budgeting management including variances
• Understand when to reforecast
• Conduct break-even calculations

Training Method:

Participative, lively and draws on the presenter's practical experience in businesses of all sizes/sectors. Delegates are encouraged to use their own experiences to keep the session relevant to their real needs.

Course outcome/qualification:

PTC Certificate of Attendance

Pre-requisite knowledge/qualification:

None.