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More Advanced 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
CPD What's this?
Additional info
  • Tutor is available to students

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Overview

Managers in all organisations are often faced with decisions to make which are influenced by, or will influence, the financials of the business.


The course provides you with an overview of essential aspects of finance which will enhance management evaluation skills and an improved ability to affect the financial management of the organisation.


The content is delivered in a way which will enable you to have a greater understanding of the terminology used and the contents of various accounting statements.


During the day you will enhance your understanding of the role of finance, the financial statements, the effects of management decisions on the financials and the key financial ratios pertinent to businesses from an operational point of view. Also included are management aspects of budgeting, costing, pricing and investment appraisal.

CPD

6 CPD hours / points
Accredited by Approved by Law Society

Description

More Advanced Finance for Non-Finance Managers- Virtual Training - Timetable

09:30 Coffee & Course Objectives

10:00 - 10:30 Review Understanding of Financial Terms (Translating the language into simple English. What do they mean?)

10:30 - 11:15 Understanding the Financial Reports (The Profit and Loss, the Balance Sheet, the Cash Flow Statement)

11:30 - 12:30 Key Financial Ratios (Profitability, Return on Capital, Capital Turnover, Working Capital: Current Ratios, Debtors Ratio, Business Trends)

12:30 - 13:00 Finance in the Business (The business cycle, planning, target setting, and action to correct problems. What systems and processes are used? The importance of the year-end activities: accruals and reserves.)

13:00 - 14:00 Lunch Break.

14:00 - 14:30 Review of Organisation Measurements (Making the most of your resources and measuring your success criteria; Key Performance Indicators)

14:30 - 16:30 Planning, Budgeting, Costing & Pricing (From Strategy to Planning targets and measurements. Planning systems. Setting budgets. Monitoring and controlling a budget. Plans against actuals. Variance analysis. Defining and classifying costs. Pricing. Impact of Currency.)

16:30 Summary & Action Plans Agreed

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Legal information

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.

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.
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