Training

Inhouse

Price on request

Description

  • Type

    Training

  • Methodology

    Inhouse

  • Duration

    2 Days

Use financial information to determine performance and financial stability of suppliers and competitors. Suitable for: All managers in an organisation

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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

Price on request