Finance for NonFinancial Managers

Course Content

Key accounting concepts

• Terminology and jargon explained
• Accruals and prepayments
• Capital and revenue expenditure
• Depreciation
• Cash flow cycle

Financial statements

• Profit and loss account
• Balance sheet
• Cash flow
• Uses of financial information

Other financial information

• Budgeting process
• Management accounts
• Cash flow forecasts

Forecasting

• Short and long term methods
• Using available information

Direct and indirect costs

• Fixed and variable costs
• How costs are determined
• Predicting profit
• Cost structure and links to planning and decision making

Budgetary control

• Day to day control of costs
• Comparing actual results with budgets
• Coordinating all areas of performance
• Alternative approaches to setting the budget