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Finance for non-finance managers - fundamentals

This one day course is aimed at ensuring that the fundamentals of finance are well understood


Institute of Chartered Accountants of England and Wales

Summary

Price
£732 inc VAT
Study method
Classroom
Duration
7 hours · Full-time
Qualification
No formal qualification
CPD
6 CPD hours / points
Additional info
  • Tutor is available to students

Location & dates

Location
Address
ICAEW
Chartered Accountants' Hall
London
EC2R6EA
United Kingdom

Overview

Financial knowledge, skills and commercial awareness are business critical skills for all non-finance managers. Succeeding in these challenging economic times relies on everyone having a basic understanding of finance, and sharing a common direction and purpose. Being comfortable with financial terminology and principles will enable managers to effectively partner with the finance function and contribute to the performance of the business.

CPD

6 CPD hours / points
Accredited by ICAEW

Description

This one day course is aimed at ensuring that the fundamentals of finance are well understood. By breaking down some of the jargon and making finance more accessible this course can lead to delegates taking a more proactive role with finance in their organisations. It provides a safe environment where they are able to ask questions and ensure that they have a solid foundation on which to build.

Our training courses are designed to be hands on and interactive, therefore we limit delegate places to a maximum of 18 to allow you to get the most out of your learning and training with us.

Learning outcomes:

  • Detailed understanding of financial terminology;
  • An appreciation of financial principles and concepts;
  • Understanding the different financial statements (balance sheet, P&L, cash flow), including: what they are, why they are useful, and what they show;
  • Understanding the interactions between the financial statements;
  • An understanding the difference between profit and cash;
  • Understanding of working capital and its importance to a business; and
  • An introduction to some financial performance measures used by a business.

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, 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.

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 Courses, many of which can be completed online.

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.

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 Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.