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Finance For Non-Finance Managers- Virtual Training


Practical Training for Professionals

Summary

Price
£336 inc VAT
Study method
Online + live classes
Duration
1 day · Full-time
Qualification
No formal qualification
CPD
6 CPD hours / points
Additional info
  • Tutor is available to students

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Overview

Many business decisions are made which are based on, or have a major impact on, the finances. The aim of this one-day course is to provide managers with awareness and basic understanding of the way finance affects their business objectives.

The content is delivered in an easy-to-understand way, speaking your language and enabling you to understand the financial way of seeing things as well as giving you practical opportunities.

During the day you will learn to read the accounts, understand the terminology, be able to influence and control your key financial measurements, targets and budgets - all from an operational management perspective. The programme enables to you gain confidence in developing financial negotiations, participate in meetings where the finances are being discussed, build your own budgets, monitor your budgets and take a more active role in the financial aspects of the organisation.

CPD

6 CPD hours / points
Accredited by Approved by Law Society

Description

Finance For Non-Finance Managers- Virtual Training - Timetable

09:30 - 10:00 Coffee & Course Objectives

10:00 - 10:30 Understanding The Role of ‘Finance’ (The roles of the Finance Department and the non-finance manager; basic financial implications)

10:30 - 11:00 Financial Terminology De-mystified (Translating into plain English - what do they mean?)

11:00 - 11:15 Coffee break

11:15 - 12:30 Understanding the Financial Reports (Assets, liabilities, income and expenditure; The Profit & Loss account; the Balance Sheet; the Cash Flow Statement; cash and profit)

12:30 - 13:30 Lunch Break

13:30 - 14:15 Key Financial Ratios (Profitability; Return on Capital; Capital Turnover; Working Capital; Current Ratios; Debtors Ratio; Business Trends)

14:15 - 14:45 Finance in the Business (The business cycle, planning, target setting, measurements. The importance of the year-end activities: accruals and reserves. The importance of Expense Control)

14.45 – 15.00 Tea

15.00 – 15.45 Budgeting, Costing & Planning (Planning a budget. Monitoring and controlling a budget. Plans against actual. Variance analysis)

15.45 – 16.15 Costing and Pricing (Methodologies, break-even points)

16:15 - 16:30 Summary & Action Plans Agreed

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.