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Finance for Non Financial Managers (Finance / Accounting)

(5.0)4 reviews
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Fantastic Course!

The Trainer John Frazer was excellent with loads of experience to pass onto us. ...more

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https://www.hotcourses.com/courses-by-subject/Finance-for-Non-Financial-Managers-Finance-Accounting-courses/56220148/

Course description

Finance for Non Financial Managers (Finance / Accounting):

Straightforward and no-nonsense, this course enables you to get straight to the heart of financial issues, demystifies financial information and gives you confidence and control when making financial decisions.

This two-day overview course has won praise for the straightforward way in which it untangles the web of mystery that surrounds financial and management accounting in the eyes of many non-financial managers. By so doing it enables them to understand and manage the impact of their decisions on business results, interact more productively with their finance-based colleagues and exert greater influence on decision making in their organisation.

Key highlights of the Course:

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

Additional entry requirements

There are no prerequisites or entry requirements. 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 skills for non-financial managers are suitable for people who have little or no knowledge of finance.

Training for employers

This course has been specifically designed for companies training their employees.

Course info
284 views
Start Date: Mon 08th April 2019
START DATES
APRIL 2019
Sun Mon Tue Wed Thu Fri Sat

Location:

London, WC1X 8RH

Time:

10:00am - 5:00pm, 9:00am - 5:00pm, During the day

Duration:

2 days

Attendance:

Customised to suit your needs, Full time

Qualification:

Certificate of Attendance

Level:

Beginner Intermediate Advanced

From: £1,500

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