Finance for non-financial managers
Course
In Banbury
Description
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Type
Course
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Location
Banbury
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Duration
3 Days
This course demonstrates financial concepts through real world business scenarios that your managers can relate to, showing them how their actions and decisions can impact on the organisation's financial working. This course helps learners to: Be able to read and understand the primary financial statements - balance sheet, profit and loss account and cash flow statement. Understand. Suitable for: All who need to improve their knowledge of business finance, from those who have no existing knowledge to those who want a refresher.
Facilities
Location
Start date
Start date
About this course
None
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Course programme
This course helps learners to:
- Be able to read and understand the primary financial statements - balance sheet, profit and loss account and cash flow statement;
- Understand the basic principles of capital appraisal;
- Appreciate the importance of cash flow and the impact of their actions upon it;
- Understand the importance of managing working capital and identify their contribution to this process;
- Understand the rules of, and need for, budgeting;
- Communicate more effectively and constructively with the finance department;
- Identify ways of improving your company''s profitability, through an increased understanding of its financial workings.
- Balance sheet and profit & loss accounts
- Basic concepts and terminology
- Understanding corporate finance and communicating with the finance team.
- Accruals, Deferrals and Provisions
- Fixed assets and Depreciation
- Costs and the importance of cash flow
- The management of working capital
- Reading and understanding accounts
- Internal and external management accounts and reports
- Ability to review financial statements and apply key financial and performance ratios.
- Trend analysis
- Budgets: the theory and the practice,
- Different budget cultures; top down, bottom up; last year plus, zero-based.
- The importance of budgets as a management tool.
- The theory of pricing
- How your day-to-day activities have a direct impact on the top and bottom lines of the company''s financial accounts.
- Action planning
Want this course as an inhouse event, tailored to meet your exact needs?
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Finance for non-financial managers