Finance for Non Financial Managers

Course

In Portadown

Price on request

Description

  • Type

    Course

  • Location

    Portadown (Northern Ireland)

  • Duration

    3 Days

This course will give a comprehensive review of the financial management of a business from the mechanics of how to prepare a set of accounts to the evaluation and analysis of management information and how to utilise financial information in the decision making process of a business. Participants will be supplied with comprehensive documentation including course notes, case study. Suitable for: Those managers and senior staff who require a knowledge of the financial management tools of a business and how financial information can be used to gain a better understanding of business and help in the decision making process. The course will improve the delegate's ability to develop business plans, manage budgets, understand the financial implications of day-to-day decisions and communicate with senior management.

Facilities

Location

Start date

Portadown (County Armagh)
Beckinridge, 113 Thomas Street, BT62 3AH

Start date

On request

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Course programme

This course will give a comprehensive review of the financial management of a business from the mechanics of how to prepare a set of accounts to the evaluation and analysis of management information and how to utilise financial information in the decision making process of a business.

Participants will be supplied with comprehensive documentation including course notes, case study analysis and questions and answers. The course consists of formal lecture sessions, individual and class exercises, case studies and discussion groups and will be completed over a period of 3 days.


Objectives

To provide participants in non-financial management positions, with an understanding of financial management and the applications of accounting to the management of a business.
Who Should Attend?
Those managers and senior staff who require a knowledge of the financial management tools of a business and how financial information can be used to gain a better understanding of business and help in the decision making process. The course will improve the delegate's ability to develop business plans, manage budgets, understand the financial implications of day-to-day decisions and communicate with senior management.


Course Content
Financial Statements
- (Profit & Loss Account, Balance
Sheet)
- Book-keeping
- Nominal Ledger
- Cut-Off Accounting
- Measurement
- Analysis of Profit and Loss
Account
- Balance Sheet

Interpretation of Accounts
- Key Ratios
- Gross Profit
- Sales Growth
- Operating Expenses
- Net Profit
- Working Capital
- Gearing

Management Accounts
- Contribution Analysis
- Divisional Reporting
- Profit Centres
- Variance Analysis
- Month and Year to Date Reports

Budgeting & Financial Control
- Profit Forecasting
- Funding Requirements
- Actual Versus Budgeted Figures
- Methods of Budgeting
- Resource Allocation
- Periodic Reporting and Updating
Financial Analysis for Decision Making
- Monthly/Weekly Reports
- Contribution Analysis
- Breakeven Analysis
- Profitability by Division
- Debtor and Creditor Analysis
- Stock Management

Business Finance
- Raising funds
- Methods of Finance
- Short/Long-term Finance
- Dealing with Financiers

How to Review & Evaluate a Business in Financial Terms & Investment Decisions
- Commercial Viability
- Return on Capital Employed
- Payback
- Profitability
- Solvency

Finance for Non Financial Managers

Price on request