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Finance for Non Financial Managers

Certificate and booklet offered | 0% Interest Free payments available


Acudemy

Summary

Price
Save 27%
£650 inc VAT (was £900)
Offer ends 31 May 2024
Finance options

Payment can be made through BACS, cheques, card or cash.

0% Interest Free payments available.

Study method
Online + live classes
Duration
1 day · Full-time
Qualification
No formal qualification
Additional info
  • Tutor is available to students

20 students enquired about this course

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Overview

This Managerial Accounting Course has been designed for anyone interested in getting to grips with the basics of accounting theory, and who wish to acquire some insight into the accounts produced within a variety of business organisations.

Some recent reviews about our Finance for Non Financial Managers Training:

  • ''A well delivered and informative course. My expectations were met.'' - Stephen C

  • ''3-4 day course would benefit me even more as more time would then be spent on certain topics. Tara is a fantastic tutor : approachable, knowledgeable, and interactive. Fantastic/outstanding delivery all around'' - Lidia B

Description

Financial accounts

  • Profit and loss accounts and how to understand them
  • Reading an income and expenditure account and analysing the finance flows within your organisation
  • Cash and accruals accounting showing how each is used
  • Terminology associated with income and expenditure accounting
  • Communicating effectively with finance professionals
  • Analysing trends in financial flows and formulating appropriate questions
  • Reading a balance sheet and analysing the financial position of the organisation
  • How an asset register is used
  • Analysing your accounts
  • Constructing a cash flow statement from narrative information
  • The different rules for charity accounting under the Charity SORP and the presentation of company and housing association accounts

Management accounts

  • The budgeting process
  • How budgeting relates to strategic objectives and good governance
  • Constructing a budget
  • Estimating costs and income accurately for budget purposes
  • Using management accounts to understand the past and forecast the future
  • Cost centres – understanding how they are used in your organisation
  • Nominal, purchase and sales ledgers
  • Using benchmarking in constructing a budget
  • Distinguishing between fixed and variable costs
  • Using the concepts of break-even pricing
  • A template to forecast the effects of changing costs, sales volume and price
  • Evaluating opportunity costs
  • A year of free support

Who is this course for?

This course is for managers, board members and budget holders across all sectors who need to know about organisational finance to help improve the profitability and performance of their business. Finance skills for non-financial managers are suitable for people who have little or no knowledge of finance.

Requirements

There are no prerequisites or entry requirements, as long as you want to get more experience in the field of finance, this is the right place for you.

Career path

Finance and Management roles

Questions and answers

Reviews

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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.