Finance for Non-financial Managers one week training course is for business owners and managers who need to communicate with stakeholders, investors, funders and banks. It is ideal for anyone who has a basic knowledge already and understands the terminology but needs more financial awareness.

Location: London
Length: 1 week
Price: £2990 (excl. VAT)
Dates
11 – 15 April 2016
8 – 12 August 2016
21 – 25 November 2016
10 – 14 April 2017

Introduction to Financial Statements

• Importance of financial measures
• Financial accounting and management accounting
• Participants’ needs and wants from the course
• Introduction of the basics of accountancy

The Balance Sheet

• The key components of the Balance Sheet
• About Fixed Assets
• Current Assets – what they are, and how to improve
• Current Liabilities – what they are
• The vital importance of Working Capital management
• About Gearing

The Income and Expenditure Account (or Profit and Loss Account)

• The key components of the P&L Account
• Why Profit is so important, and how it links to the Balance Sheet
• Understanding Ratios
• Managing the Gross Profit Margin
• How managers worsen, or improve, the Gross Profit Margin
• Different types of costs

Using Ratios to benchmark Performance

• What are the key ratios
• What do they mean
• Using these ratios to benchmark our performance

Return on Capital Employed

• What is Return on Capital Employed?
• Elements of ROCE
• Comparison of ROCE
• Financial Analysis with ROCE

Moving from Analysis to Forecasting

• The principles of Forecasting and Budgeting
• Revenue Budgets – what they are, how to use the 3 approaches to budgeting to motivate improved performance
• Capital Expenditure – understanding the time value of money
• Cost – Benefit Analyses – projects, new equipment, more staff, they all cost money
• How to do a Cost-Benefit Analysis

Where budgeting can go wrong, and how to avoid the principal problems

By the end of the course, participants will be able to:

• Understand fundamental financial terminology and concepts
• Read and interpret financial statements
• Gauge the financial impact of operational decisions
• Understand the basis for evaluating investment decisions
• Integrate financial concepts and policies into the management decision and budgeting process
• Evaluate the meaning of income statements and balance sheetsEmploy cash flow analysis to assess business status
• Calculate the cost of business activities
• Control business operations through effective budget management

Communicate effectively with financial executives and staff

This course can be adapted to your firm, and delivered in your premises. Please get in touch for further information.