Finance for Non-Finance Managers

Fitch Learning

Course

In London

£ 995 + VAT

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Description

  • Type

    Course

  • Location

    London

  • Duration

    1 Day

The goal of every business is to be successful, and the primary measure of this success tends to focus on the ‘numbers’; identifying the consequences for the bottom line or the capital value. Whatever our role within the business there is no escape from the need to understand the consequences of our actions for these metrics. IT managers need to understand the data that their systems to capture, the sales team need to recognize that revenues earned do not automatically bring profits and every employee should appreciate the significance of cash and how it is generated. Unfortunately, the language of accounting is jargon-heavy, and straightforward principles are made to sound complex and unwieldy. This leads to a mismatch where everyone needs to understand and discuss the figures, but this exercise is perceived negatively and so often fails to bring the desired outcomes. This course will enable participants to bridge the understanding gap between the finance team and the rest of the business, thereby side-lining the jargon, identifying what drives the numbers and providing an insight to the metrics that are used to interpret them.

Facilities

Location

Start date

London
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Start date

On request

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Subjects

  • Sales Training
  • Team Training
  • Finance
  • Sales
  • Management
  • Finance for Non-Finance Managers

Teachers and trainers (1)

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Course programme

Financial vs. management accounting The link to window dressing and creative accounting A first look at the language of accounting Case study: Understanding how commercial events are captured within financial statements
Balance sheet
Income statement
Cash flow statement Individual company or group numbers
Income statement
Revenue manipulation
Cost of sales and gross profit margins
Understanding the cost base (fixed vs. variable; direct vs. indirect)
Operating costs and operating profit margins
Key jargon (EBITDA, ROCE)
Getting to the bottom line
Finance costs and interest cover red flags
Why tax really matters Long-lived tangible assets
The capitalization decision
Tangible vs. intangible
Cost vs. valuation and why a balance sheet never tells us true worth
What is goodwill? The hidden value of the business
Working capital
The working capital cycle - cash generation
Accounting for 'failure to pay'
Understanding why profitable companies sometimes fail
Long-term funding
The advantages of debt and equity
Key jargon (gearing, net debt, enterprise value)

See related categories

Finance for Non-Finance Managers

£ 995 + VAT

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