Finance for Non Financial Managers
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