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A MASTERCLASS IN FINANCE FOR NON-FINANCIAL MANAGERS - 2 DAY COURSE

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Course description

A MASTERCLASS IN FINANCE FOR NON-FINANCIAL MANAGERS - 2 DAY COURSE:

COURSE OUTLINE

A Masterclass in Finance for non Financial Managers


2 Day Programme

Finance is an inescapable part of business, which is why it is so important for businesses of all shapes and sizes to understand how it works. This Masterclass in Finance for Non Financial Managers is thus designed to break down technical financial jargon for managers who need to understand the financial impact of their day-to-day business decisions.

This interactive course will teach delegates about the main financial elements of a business and will develop an understanding of the impact of financial decisions. The goal is to equip them with the skills needed to manage their business' financial information with a sound knowledge of:

Learning Objectives

  • Why is Finance so important?
  • Covering the Pricing of Products and Services, the Cost of Sale.
  • Nett and Gross Profit.
  • Breakeven Analysis
  • Sales Forecast
  • Cash Flow Forecast
  • The Balance Sheet
  • Profit & Loss accounts
  • How to build and manage budget
  • Understand and assess the effects of business activity on company accounts and the balance sheet

The 2 day course covers all of the content of the 1 day course but in more depth and with additional topics.

Finance for non Financial Managers

COURSE OUTLINE

Introduction and Course Overview
Your Role in Your Company Finances
What is Finance?
Getting to Know the Players
Record Keeping Terminology

Accounting • GAAP • Bookkeeping ; Impact of journal adjustments, including Accruals and Prepayments
- Keeping a fixed Asset Register
- Managing the FAR • Processing Depreciation
- Managing and Reporting on Project Costs

Job Costing
- The Balance Sheet

Balance Sheet Overview • Balance Sheet Terms • Assets and Liabilities • Fixed vs Current Assets • Liabilities and Equity
- Profit and Loss (Income) Statement

Service and Sales Income • Methods of Recording Transactions
- Cash Flow Statement

Format of a Cash Flow Statement • Credit Terms and Discounts
- Analysing Financial Statements

Ratio Analysis

Margin Analysis

Variance Reporting
- Budget Basics

Defining a Budget • Preparing a Budget • Types of Budget

Using Excel for Analysis

The Human Aspect

Finance Jeopardy

Additional entry requirements

Suitability - Who should attend? This course is targeted at any member of staff who wants to gain a more detailed understanding of finance for example managing budgets, company accounts, book-keeping and cash flow forecasting. The course assumes some prior knowledge or experience in this area.

Course info
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Location:

Liverpool, L1 1RH, Manchester, M1 3NJ, Leeds, LS1 5NS

Time:

9:00am - 5:00pm

Duration:

2 Days

Attendance:

Full time

Qualification:

Certificate of Attendance

From: £780

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