Finance for Non Financial Managers

1-Day or 2-Day Course
For Team Leaders, Supervisors, Managers, Directors

OVERALL AIM:

The overall aim is to enable participants to become familiar with the financial processes within a business.

WHO SHOULD PARTICIPATE:

Anyone, especially directors, managers and others who need to add financial awareness to their own skill base and be able to interpret financial information.

CONTENT:

• Interpreting accounts, profit and loss statements and balance sheets
• Using financial ratios
• Understanding accounts, accounting standards and rules
• Management accounting
• Controlling working capital, stock, creditors, debtors and cash
• Budget forecasting and control
• Cost accounting and control
• The need to financially appraise capital expenditure projects
• Company taxation and strategies
• The economy, the City and financial control

COURSE OBJECTIVES:

At the end of this course, participants will be able to:

• Appreciate the importance of finance and of controlling costs
• Recognise how budgets are constructed and utilised
• Interpret financial jargon related to published business accounts and management accounting reports
• Demonstrate their understanding of cost management, the budgeting process and the need for effective budgetary forecasts and control
• Demonstrate their understanding of financial techniques associated with capital expenditure and the concept of risk management