Finance for Non Financial Managers
Course
In Portadown
Description
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Type
Course
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Location
Portadown (Northern Ireland)
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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
Start date
Reviews
Course programme
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