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Finance for Non-Financial Managers Professional Training Course
Reed Business School

A professional training course for groups of four or more, delivered in your offices, virtually or at an external venue.

Summary

Price
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Study method
Onsite
Duration
2 days · Full-time
Qualification
No formal qualification
Additional info
  • Tutor is available to students

1 student enquired about this course

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Overview

The Finance for Non-Financial Managers course explains key concepts that will allow delegates to ascertain what they need to know from financial statements. The course achieves this by providing an understanding of the main financial reports delegates will see within their organisation and ways of interpreting them using basic key performance indicators.

Delegates will learn how to financially appraise capital investments, enabling them to make and justify business decisions without the assistance of people who hold financial roles within the company.

Resources

  • Brochure -

Description

WHAT TOPICS ARE COVERED ON THIS COURSE?

  • The definitions of commonly used financial terms
  • The importance of financial reporting – understand statutory, management and third party requirements
  • Accounting concepts – profit, cash flow, depreciation and other key concepts
  • The financial statements – profit and loss account (Income Statement), balance sheet (Position Statement)
  • The impact of taxation
  • Working Capital – the importance of control over each component
  • Cost analysis – analyse costs using both presentation and relationship bases, including break-even
  • Capital Investment appraisal – apply common techniques and be able to evaluate
  • Budgeting – avoiding common errors in preparing budgets
  • Financial information – common ratios defined, basis of calculation and their interpretation

WHAT WILL I GET OUT OF ATTENDING THIS COURSE?

By attending this course you will gain:

  • improved understanding of common financial concepts
  • analytical skills to interpret key aspects of financial statements
  • knowledge of the importance of control over ‘Working Capital’
  • improved cost analysis and control
  • the confidence and ability to prepare budgets avoiding common pitfalls
  • the ability to ask the ‘right’ questions

Who is this course for?

Our Finance for Non-Financial Managers course is for managers who need to understand the financial impact of their day-to-day business decisions. Attending this course is crucial for managers who don’t want to or aren’t able to rely on people in specific financial roles.

This training course will also help non-financial managers to gain a better understanding of the financial implications that other decisions within the company can have – good and bad.

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