Business effectiveness › Finance for your Non-Financial Managers

Finance for your Non-Financial Managers

Unravelling the complexities of business finance

This is a sample learning overview that we can design and deliver specifically for your organisation.

We can design and deliver a programme that will guide your non-financial managers through the complexities of business finance terminology, concepts and data. They will emerge as competent managers who are confident to deal with management accounts, budgets and financial reports. The deepening of their financial awareness will be invaluable to your business’s bottom line as they approach decision-making in a new light.

This popular programme is often designed as a two-day workshop. We convey the learning in a highly interactive way using activities, discussions, group work and case studies that help embed the learning. Participants leave with a valuable range of tools that they can begin to apply as soon as they return to the workplace.

Participants will:

  • Get to grips with financial terminology and concepts
  • Understand the basic principles of financial and management accounting
  • Be more efficient at planning and controlling budgets
  • Make business decisions that are more informed and financially sound 
  • Be able to forge stronger working relationships with colleagues in the finance department
  • Present their business case more confidently and influence senior colleagues

View typical programme content

Programme

This popular programme is often designed and delivered in a highly interactive way using activities, discussions, group work and tailored case studies that truly embed the learning.

Day 1

Financial accounting

  • What is a financial accounting framework
  • How financial reports are used in your business
  • Understanding income and expenditure statements, balance sheets, cash flow statements

Working capital

  • What working capital means in practice
  • How to retain optimal working capital for your organisation
  • The pitfalls of too much or too little working capital
  • Knowing the difference between cash flow and profit

Interpreting financial statements

  • Learning how to approach complex data analysis
  • Interpreting financial results to assess financial standing of clients and customers
  • Use financial data to help meet organisational objectives

Ratio analysis

  • What is ratio analysis?
  • How it can be applied in practical terms to your organisation’s accounts


Day 2

Management accounting 

  • Understanding the principles of and links between price, cost, volume, profit
  • Costs – fixed and variable
  • Margins and mark-up
  • Price, promotions, sales mix
  • Overheads
  • Break-even
  • VAT
  • Foreign exchange transactions
  • Capital investment

Budgeting

  • Compiling a budget
  • Negotiating your budget
  • Budget reforecasting, analysis and forward planning

Strategic planning

  • Why strategic planning is necessary
  • How to strategically plan

Personal Development Plan

  • Putting together a Personal Development Plan to embed the learning

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Learning channels

A wide range of learning methods ensures we deliver learning that is appropriate, specific and drives sustainable change.

These include

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delivery methods