Finance skills for non-financial managers Training
Itec training solutions Ltd
Online classroom with industry expert with theory and practical tools to upskill yourself immediately.
Summary
- Tutor is available to students
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Description
Finance for Non Financial Managers Course.
You will learn:
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 for non-financial managers is suitable for people who have little or no knowledge of finance.
"everyday examples as well as business examples which helped me and my colleagues to understand and retain the information we were being given." - GP, Events Officer, British Society for Rheumatology
"thorough & engaging. It helped to learn from someone who was passionate and helped us feel more comfortable with finance." - B.H, Event Manager, ABF The Soldier's Charity
"excellent tutor who communicates very well and makes the subject matter interesting." - M.I, Chief Executive, Dispensing Doctors' Association
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This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
