Course not currently available
Finance for Non-Financial Managers
Training
In City Of London ()
Description
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Type
Training
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Class hours
16h
By the end of this course you should be able to: Understand and interpret key financial statements Make use of financial information for strategic day-to-day decision making Identify the main sources of financial information Understand and interpret key financial information Understand the differences between cash flow, revenue and capital Analyse variances in budgets and take remedial action Prepare break-even analyses for business plans Perform confidently in a financial environment. Suitable for: This course is designed for senior executives and managers who need to make informed strategic decisions within their organisations and who need to understand the financial implications of their day to day decisions to increase the profitability and performance of their businesses. This course will help you to understand the principles, techniques and jargon relating to finance and accounting and is suitable for managers with little or no knowledge of finance.
Reviews
Subjects
- Business Development
- Strategic Management
- Business Continuity
- Financial Management
- Change Management
- Management
- Operations Management
- Decision Making
- Organisational Change
- Cash Flow
- Financial Managers
- Finance
- Financial
- Financial Training
Course programme
- History and background
- What is accounting and finance and why is it important?
- Fundamental principles and concepts
- Users of financial information
- The accounting process
- Accounting conventions
- The accounting equation
- The business model
- Assets and liabilities
- Capital and revenue
- Capital structure and gearing
- Debt and equity
Key Financial Statements
- The Income statement (Profit and Loss Account)
- Balance sheet
- Cash flow statement
- Structure, layout and content
- Underlying principles
- Working Capital Management
- What it is and why it is important?
- Distinction between profit and cash flow
- Cash flow forecasting
Nature and Analysis of Costs
- Classification of costs
- Fixed and variable costs
- Contribution
- Break-even analysis and the margin of safety
Budget Preparation and Control
- The role of budgets in the planning process
- Budget preparation
- Assessing variances and flexing the budget
Interpretation of Financial Information
- What does it all mean - making sense of accounting information?
- Horizontal, vertical and trend analysis
- Ratio analysis
Finance for Non-Financial Managers