Finance for Non-Financial Managers (306)

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Programme

For arrival, start and end times, please see the overview or your booking confirmation email.

306

Delegate Registration, Tea/Coffee

Introduction

  • The day ahead
  • Course Leader background
  • Delegate introductions

Accounting Structures and Legal Processes

  • Applicable law and Regulation
  • Legal business structures
  • Fundamental accounting concepts and policies

Financial Statements

  • Directors Report
  • Balance Sheet
  • Profit and Loss Account
  • Cash Flow Statement
  • Notes to the accounts
  • Consolidated accounts
  • Management Accounts

Tea/Coffee Break

Analysis of Financial Statements

  • Liquidity ratios
  • Debtors and Creditors
  • Profitability and growth ratios
  • Efficiency and cover ratios
  • Gearing and leverage

Valuation of Companies

  • Net Asset Value
  • Enterprise Value
  • EBITDA
  • PE Ratio

Costing Methodologies

  • Full or Absorption Costing
  • Marginal Costing
  • Activity Based Costing
  • Decision Support
  • Replacement Costing
  • Standard Costing

Budget Setting and Management

  • Budget Variances
  • Historic and Zero Based Budgeting
  • Budget Management
  • Budget Analysis

Lunch

Introduction to the Afternoon Session         

Investment Decisions

  • Simple cash flows
  • Discounted cash flows
  • Net Present Value
  • Threshold or Hurdle Rate of Return
  • Cost of Capital

Cash Flows

  • Cash versus profit
  • CAPEX versus revenue expenditure
  • Investment versus expenditure
  • Profitable liquidations

Tea/Coffee Break

Complex Finance in Daily Life

  • Property
  • Banking
  • Energy Prices
  • Unemployment
  • Taxes

Review and Discussions

  • Round up of the day
  • Questions and answers
  • Reprise of any areas requested
  • Group discussion

Conclusion and Next Steps

  • Personal development
  • Further courses
  • Back in the work place

Workshop Close