This course is available as a in-company programme
and can be tailored to your specific needs. For
further information Click
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FINANCE FOR NON-FINANCIAL MANAGERS
Better
Business Understanding
Who Should Attend And Why
All managers need to be aware of the financial factors
vital to business success. This workshop will show how
money works in a business and will highlight the critical
issues of profitability, liquidity and financial structure.
Delegates will gain an understanding of the processes
and principles of financial reporting together with how
to budget and control costs.
Understanding the financial point of view and the mindset
of their financial colleagues will be a theme of the workshop
and will enable delegates to communicate more effectively
with their financial colleagues. Delegates will see how
their actions influence company results.
By The End Of The Workshop Participants
Will Be Able To:
Understand financial
records and processes; and the role and the limitations of
company financial reports
Recognise the financial pitfalls of business
and understand how profitability can be improved
Demystify finance and financial
jargon to facilitate communication with the financial function
Make better business judgements
through better appreciation of the financial implications
Workshop Overview
The Wider Financial Context
statutory accounts
auditors
company law
the responsibilities of Directors
Breaking Through the Barriers Caused by Financial Jargon
introduction to the principles of accounts
P&L and Balance Sheet Statements
how they are derived
their content and interpretation
Cash Flow and Working Capital Control
Measuring Business Performance through Key Financial
Ratios
Fixed and Variable Costs
calculating the break even point
the implications of different company cost structures
business models
Management Accounts
product and customer profitability statements
derivation and interpretation
Identifying and Controlling Costs
the concept of activity based costing
The Budgeting Process
effective budgeting
Overview of investment appraisal methods and of the assessment
of financial risk
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