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Finance for Non-Finance Managers - Complete Bundle


ILX Group

Summary

Price
£240 inc VAT
Or £80.00/mo. for 3 months... Read more
Study method
Online, self-paced
Certification
Level 3 Award in Understanding Finance for Non Financial Managers (QCF)
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Additional info
  • Exam(s) / assessment(s) not included in price & must be purchased separately

7 students enquired about/purchased this course

Overview

Target Audience


This course requires no prior knowledge or experience and is designed for non-financial managers at all levels. It is ideal for:

  • Project managers
  • IT and service support managers
  • Sales executives/consultants and new graduates

Certification

Level 3 Award in Understanding Finance for Non Financial Managers (QCF)
Awarded by APM Group Limited

Description

Introduction to Financial Statements

Understand the purpose and nature of the three key financial statements, Income Statement, Balance Sheet and Cash Flow and the accounting principles on which they are based. Understand how they reflect individual business transactions and their role in controlling and measuring business performance.

Income Statement

Understand the purpose and nature of the three key financial statements, Income Statement, Balance Sheet and Cash Flow and the accounting principles on which they are based. Understand how they reflect individual business transactions and their role in controlling and measuring business performance

Balance Sheet

Understand the structure and elements of an Income Statement. Learn how to differentiate between the different types of cost, expenses and other deductions affecting the overall profit of a business and specific operating decisions. Be able to construct an Income Statement with your own figures.

Cash Flow

Understand the nature of a Balance Sheet and what it tells you about the financial makeup of a business. Learn the meaning of the classification of assets and liabilities and the concept of working capital. Be able to format the balance sheet to analyze performance and improve decisions.

Costing Decisions

Understand the vital importance of managing cash in a business and how cash differs from the measure of profit. Learn to differentiate between the sources of cash in order to focus on operating decisions that improve cash flow. Be able to calculate cash flow from a company's financial statements

Introduction to Financial Analysis

Understand the meaning of fixed vs. variable costs and the calculation of contribution margin and break even analysis. Be able to use these analytic concepts in support of product selection, production and pricing decisions.

Investment Appraisal

Understand the value of financial analysis in guiding management decisions. Learn by example how ratios can be used to diagnose and improve operating performance.

Profit Margin

Learn how to apply several techniques for analyzing the financial impact or feasibility of projects involving large capital expenditures based on cash flow and the time value of money. Apply sensitivity analysis to refine these decisions and measure risk.

Return on Net Assets

Learn how to apply several techniques for analyzing the financial impact or feasibility of projects involving large capital expenditures based on cash flow and the time value of money. Apply sensitivity analysis to refine these decisions and measure risk.

Asset Turnover

Understand why and how RONA is the integrated measure of operating performance for a business. Learn how to apply RONA analysis to specific business situations. Use the RONA flow chart model to analyse a specific business situation in your own business.

Who is this course for?

This course requires no prior knowledge or experience and is designed for non-financial managers at all levels. It is ideal for:

  • Project managers
  • IT and service support managers
  • Sales executives/consultants and new graduates

Questions and answers

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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