If you’re a small business owner who wants to gain a better understanding of business finance, then the Finance for Non-Financial Managers course is perfect for you. In this comprehensive training course, our expert instructor will guide you through the key elements of a financial department, from financial reporting to budgeting and balance sheets.
Throughout the course, you will gain a basic understanding of accounting and bookkeeping principles and will familiarise with professional cost management techniques. You will learn all about profit and loss accounts, how to prepare a cash flow statement, general pricing and financing strategies, and much more.
On course completion, you will have a practical understanding of how to run the financial aspects of your business efficiently and will be familiar with professional accounting concepts.
Highlights of The Finance for Non-Financial Managers Course
- Have a solid understanding of the role of the finance department
- Be familiar with the rules and principles of financial reporting
- Gain basic knowledge of bookkeeping and accounting
- Know what is included in the balance sheet and how to create one
- Learn what profit and loss accounts reveal about a business
- Get step-by-step guidance on how to prepare a cash flow statement
- Familiarise with the different approaches to budgeting
- Develop extensive knowledge of cost management techniques
We’ve taken this Finance for Non-Financial Managers Course and broken it down into 10 manageable module which we believe will assist you to easily grasp each concept – from the fundamental to the most advanced aspects of this skills. It really is a sure pathway to success.
This course is designed with the following modules:
Module 01: Importance of Good Financial Information
- Managing a Company in today’s Business Environment
- The Role of the Finance Department
- The Rules of Financial Reporting
- Manager’s Checklist
Module 02: Financial Information Every Organization Needs
- Bookkeeping (Accounting)
- Chart of Accounts
- The General Journal (Original Book of Entry)
- The General Ledger
Module 03: The Balance Sheet: Basic Summary of Value and Ownership
- What Is a Balance Sheet?
- Definition of Terms
- What Do Balance Sheets Reveal?
- Balance Sheets Structure and Contents – UK
- Working Capital and Gearing Ratios
- Hotel Chain Balance Sheet and Selected Notes
- Balance Sheet Notes
Module 04: Profit and Loss Accounts
- A Simple P & L Account
- Definition of Terms
- What Do Profit and Loss Accounts Reveal about a Business?
- Profit or Loss Accounts in Published or Statutory Accounts
- Hotel chain’s P & L Account and Notes
Module 05: Cash Flow Statement
- Cash Flow
- Tips to Increase Cash Flow
- Causes of Poor Cash Flow
- Managing Your Working Capital
Module 06: Understanding Budget
- Introduction to Budget
- Approaches to Budgeting
- Reading the Budget
- Benefits of Budgeting
Module 07: Pricing and Financing
- Competitive position
- Product Revisions
- Return on sales
- The ‘Special Value Programme’ (SVP)
- General Points on Pricing
Module 08: Cost Management
- Cost Management – In Brief
- Cost Control Applications
- Cost Cutting for Small Businesses
- Ways to Control Corporate Control
- Cost Cutting and Keeping Spending Down
- System Controlling Costs
- Petty Cash - The Small Ants in Your Organisation
- Effects Caused by Not Implementing Cost Control
Module 09: Methods for Measuring Your Organisation’s Financial Performance
- Examining the Balanced Scorecard Approach
- Using Financial Ratios to determine: Leverage, Liquidity, Gross and Net
Profit Margins, Return on Net Assets (RONA) and Equity (ROE)
- Key Performance Indicators (KPIs) for Regular Monitoring
Module 10: Risk and Risk Management
- Risk analysis in Business
- Strategic Risk in a Business
- Environmental Risk in a Business
- Competitive Environment
- Strengths and Weaknesses
- Financial Risk in a Business
- The Forward Contract
- Currency Options
- Commodity Futures
- Buying on Margin
- Financial Futures – Hedging versus Speculation
- Other Financial Risks
- Longer-Term Risk
- The Risk/Reward Relationship and the Stock Market
- The ‘Equity Risk’ of a Listed Company
- The ‘Capital Asset Pricing Model’ (CAPM)
How is the course assessed?
To successfully complete the course you must pass an automated, multiple-choice assessment. The assessment is delivered through our online learning platform. You will receive the results of your assessment immediately upon completion.
Will I receive a certificate of completion?
Upon successful completion you will qualify for the UK and internationally-recognised professional qualification and you can choose to make your achievement formal by obtaining your PDF Certificate at a cost of £9 and Hardcopy Certificate for £15.
Who is this course for?
This comprehensive training course is ideal for small business owners who wish to gain an understanding of financial management principles and techniques. There are no specific entry requirements for this course, which can be studied on a full-time or part-time basis.
On successful completion, learners will have the practical skills and knowledge to run the financial side of their business more efficiently, armed with professional tools and techniques.
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