Finance for Non-Financial Managers Training Course

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Who is it for?

This course is useful for anyone at any level in the organisation as everyone can impact its financial performance and has been designed with Non-Financial Managers in mind. As with all of our courses, the level that this is aimed at can be flexed up or down as appropriate for the needs of the course participants.

The course raised my awareness significantly and provided me with the tools to evaluate the financial strength of our suppliers and clients.
Pre-Construction DirectorJohn Sisk & Son

01 Course Overview

What could be achieved if everyone in your organisation had a greater all round awareness of financial matters?

Imagine if all of those with a budget responsibility not only created and managed their budget effectively, but also truly understood the impact of it on the overall finances? What if everyone involved in large spends were able to take all of the relevant areas into account and perform some financial evaluation of their ideas before making the decision to spend?

This course can be tailored to your needs, to cover some or all of the following areas to suit your specific requirements. Participants will leave with a solid understanding of the key areas of finance that they can influence in their roles and have the practical tools and techniques at their fingertips to enable them to really make a difference.

02 Course Content Options

  • A highly interactive business simulation to cover the content, terminology and structure of the financial statements (Profit & Loss/Income & Expenditure Account, Balance Sheet and Cash Flow), with an emphasis on the impact of day to day decisions, actions and transactions on the business finances.
  • How does it work within your own organisation? Application of accounting concepts to your own business to really understand what it means to you.
  • The implications of discounting on your margins.
  • Analysing and understanding financial information using ratios and considering how the results can be improved.
  • Business cases: what important elements should be considered when contemplating large expenditure?
  • Techniques for financially evaluating capital expenditures/projects
  • Creating an effective budget: the importance of good budgeting, techniques, pros/cons of each and how to identify the relevant costs for a budget
  • Managing a budget successfully: what should a budget holder do?
  • Techniques for managing costs
  • Variance analysis, action planning, forecasting