Training
Inhouse
Description
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Type
Training
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Methodology
Inhouse
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Duration
2 Days
Use financial information to determine performance and financial stability of suppliers and competitors. Suitable for: All managers in an organisation
Reviews
Course programme
Finance for Non-Financial Managers
Duration: 2 Days
Finance lies at the heart of every organisational decision. From strategic planning to day-to-day operational management, the financial implications of every decision is of critical importance and a must know for every manager. Yet too often finance is seen as the dark arts of the accounting and finance departments. This simple, but effective course aims to explain the basics of finance in easy to understand language covering the key areas of finance.
Course Designed For
All managers in an organisation with responsibility for financial decisions. This course is specifically designed for managers with little or no financial experience but who want to gain a clear understanding of the fundamentals of organisational finance.
Objectives
Upon completion of this course you will be able to:
- Understand the main sources of financial information for your own organisation, suppliers and competitors
- Use financial information to determine performance and financial stability of suppliers and competitors
- Differentiate between profitability, turnover and cashflow
- Effectively construct and manage budgets
- Determine the financial viability of projects
- Calculate the projected future cash flows of projects
- Undertake a comprehensive risk mapping exercise
- Identify and make recommendations on the main sources of financial risk to your organisation
Course Outline
The Basics
- Finance v Accounts
- The Balance Sheet
- The Income statement
- The Cashflow statement
- Corporate Governance
Analysing Performance
- The core ratio analysis
- Operating efficiency
- Financial structure
- Profitability
Budget Management
- The role of budgeting
- Formulating budgets
- Managing budgets
Project Appraisal
- The time value of money
- Net present value & expected net present value
- The cost of capital
Financial Risk Management
- Sources of financial risk
- Tools for risk assessment
- Forex and trade risk
An on-line competency assessment package is available to compliment this programme following delivery.
Further Development
- Business Planning
- Budgeting with Microsoft Excel
- Introduction to Project Management
- Presentation Skills
- Public Speaking
Finance