Finance for Non Financial Managers
1-Day Course (May be 1 or 2 days if delivered in-house)
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