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Finance for Non-Finance Managers

Course Overview

For a manager to be effective they need to have a working knowledge of the basic principles of finance and understand its applications. This course transforms financial and accounting language and concepts into decision making tools the nonfinancial manager can use successfully every day.

Who should attend?

This course has been planned for managers who face financial decisions covering cash and revenue implications, and impose controls such as budget setting or make a contribution to the wider planning process. It is designed for those who are about to be promoted into those positions or who wish to develop or refresh their financial skills. This is relevant to all levels in an organisation.

Benefits of Attending

• Translate plans into budgets
• Understand financial accounts and reports
• Manage resources and budgets
• Sustain good financial practice

Programme Outline

• Why Organisations Fail?
• The Need for Planning
• Putting Together an Organisational Plan
• Driving Plan Performance Through Objectives and Target
• The Money Cycle: How it Flows Through an Organisation
• Interpretation of Your Organisation’s Financial Management Information
• Understanding Profit and Loss Accounts, Balance Sheets and Cash Flows
• The Power of Comparison and Ratio Analysis
• Interpretation of Accounts and How to Spot Attempts at Manipulation
• Translating Plans into Budgets for Implementation
• Introduction to Budget Setting
• The Importance of Budgeting Assumptions
• Testing Budget Bids for Realism and Negotiating Budgets
• The Key Role of Monitoring and Taking Prompt Action
• Know Your Costs and How They Behave: Fixed Costs, Variable Costs and Other Costs

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