Finance for Non Financial Managers

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2-day overview course
London - 13-14 Sep 2010, 12-13 Oct 2010, 8-9 Nov 2010, 10-11 Jan 2011, 11-12 Apr 2011, 18-19 May 2011
Birmingham, London £999 + VAT

In brief:

Straight forward and no-nonsense, this course enables you to get straight to the heart of financial issues, demystifies financial information and gives you confidence and control when making financial decisions. This two-day overview course has won praise for the straightforward way in which it untangles the web of mystery that surrounds finance in the eyes of many non-financial managers. By so doing it enables them to interact more productively with their finance-based colleagues and exert greater influence on decision making in their organisation.

This event is CPD accredited.

Designed for:

Managers who want to gain a clear understanding of the fundamentals of business finance and the financial implications of decisions which they make

Training highlights:

  • Identify the main sources of financial information
  • Understand and interpret key financial information
  • Understand the differences between cash flow, revenue and capital
  • Optimise your use of working capital
  • Analyse variances in budgets and take remedial action
  • Prepare break-even analyses for business plans, new projects and boardroom presentations
  • Distinguish between short-term and long-term financial decisions
  • Perform confidently in a financial environment

The Programme

The Nature and Purpose of Accounting

  • A simple model of an organisation’s accounting framework
  • Why do accountants have so much influence in business?
  • Who uses the accounts and what do they use them for?
  • What are the rules that accountants follow?
  • Where can I find out about my organisation’s/my competitors’ financial position

Profit and Loss and Balance Sheets

  • Their structure
  • Their terminolgy
  • What they tell us
  • Why they need to be reviewed together
  • Using financial information as a management tool

Managing Finance

  • Understanding working capital : What it is? How can we monitor it?
  • Why too much working capital is bad for you and too little may be disastrous
  • Optimising working capital for your organisation
  • The distinction between profit and cash flow
  • Why discrepancies between them occur
  • Undertaking a cash flow forecast (case study)
  • Considering sources of funding

Understanding Budgets

  • Putting together a robust budget
  • Assessing variances and flexing the budget
  • Apportioning overheads
  • The effects of depreciation
  • Differentiating between capital and revenue expenditure
  • Choosing between alternative capital projects when money is restricted
  • Working out and presenting the break even point

Personal Development

  • Formulating an action plan

Venue details

Venue details will be confirmed shortly.

For further information on the training facilities we use, please call us on +44 (0)20 8371 7010

Run courses In-Company

If you have 4 or more people who would benefit from this training, why not consider running it in-house?

 

  • Tailored content
  • Significant cost savings
  • Choice of time and location
  • Flexible delivery options

 

Call us now on
+44 (0)20 8371 7011
or send us an outline of your requirements.

 

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