Finance for Non-Financial Managers

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Finance for non financial managers - 1 Day Training Course

Overview

Being successful within the increasingly complex and fast moving worlds of either the Private or Public Sector, requires a firm grasp and an in depth understanding of a range of financial concepts and skills.

This course will provide the essential knowledge of those key financial management issues and concepts that are needed by successful Managers, Executives and Consultants in order to remain ahead of their competition in the highly integrated and complex business world of today.   The completion of the course will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts.  It will also provide a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills.

Attendees will become highly skilled at reading and understanding Balance Sheets and Profit & Loss Accounts. You will become more involved with all types of financial discussions within your organisation.  You will be more confident and comfortable when communicating with financial managers, directors, investors, suppliers and key clients.  This could be when explaining the financial implications of a chosen business decision, or when discussing the implementation of management changes or consulting recommendations.  You will always be at ease when discussing financial matters or using financial jargon.

The training will consist of detailed concise seminars, most of which will be followed by a short audience participation and interaction sessions.

Learning Objectives

This course will:

  • Enable you to read, analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements; by using the techniques and knowledge gained on this course
  • Provide the knowledge and tools to assess the financial value and viability of any project, by analysing the projected cash flows using NPV, Discounted cash flows and Hurdle rates of return
  • Allow you to understand and quantify the impact of fundamental accounting concepts and the chosen policies upon any set of accounts
  • Enable you to choose between the competing types of capital and operational funding through a sound knowledge and understanding of their likely financial costs and benefits
  • Provide the necessary financial knowledge to understand the key differences between statutory published accounts and the internal monthly management accounts
  • Enable you to select the most appropriate method of costing for your organisation and to explain the impact of your choice
  • Ensure that you are capable of analysing and making decisions based upon break even analysis and contribution analysis, with a full understanding of their relative strengths and weaknesses 
  • Allow you to recognise and understand the underlying impact of the generally accepted accounting principles and policies on any Balance Sheet and Profit & Loss Account
  • Enable you to identify and discuss the key financial issues facing most organisations today
  • Equip you to apply accepted financial techniques and tools to any potential course of action including: capital investment; new products or projects; corporate acquisitions or disposals; or any form of business expansion or contraction
  • Allow you to set, control and manage budgets
  • Equip you with the knowledge and tools to assess the value of any business using widely accepted financial tools and techniques.
  • Help you to understand the wider commercial impact of any business decision and its interaction with non-financial aspects of the organisation, enabling you to make a better contribution to key discussions and decision making amongst managers and within the organisation
  • Provide you with the financial knowledge necessary to properly identify the roles and boundaries of financial professionals within any organisation
  • Allow you to value any business using commonly used and widely accepted valuation techniques such as Net Asset Value, Enterprise Value, EBITDA and PE Ratios
  • Enable you to communicate more effectively and easily with Finance Managers, Procurement Managers, fellow Managers, accountants, advisors, consultants, bankers, venture capitalists, business angels and other providers of finance; through an in depth understanding of financial terminology, management and evaluation techniques.

Who will benefit from attending this training?

General Managers, Technical Managers and Personnel, Senior Executives, Department Heads, Sales Managers, Marketing Managers, Administration Managers, Purchasing Managers, IT Managers, Budget Holders, Production Managers, Facilities Managers/Directors, Site Managers, Property Managers, Advertising Managers, Media Managers, Medical Managers, Charity Heads, Charity Managers, Medical Services Managers, Communications Managers, Logistics Managers, and any other managers or executives interested in improving their financial skills and knowledge for the benefit of themselves and their organisation.

Delegate comments

'Very useful for someone who already has a basic understanding of handling/reviewing accounts in a non-financial management value.'
Marketing & Sales Officer, Natural Cement Distribution

'Comprehensive look at accounts, budgets and cash flows.'
Commercial Manager, Signpost Ltd

'Found the day very interesting. Feel I have gained a better understanding of P & L and balance sheets. Trainer very knowledgable.'
Finance & Administration Manager, Engage Training

'Yes - very useful and thought provoking.'
Managing Director, Enagage Training

'A good detailed introduction to those not involved in any finances of their business/organisations.'
Partner, Lodders Solicitors

'Good information for overall view on finance.'
Finance Manager, Care Training East Midlands Ltd

Content

This course will cover:

  • Reading and understanding the Balance Sheet, Cash Flow Statement and Profit & Loss account of any business, including the use of Current Ratios, Liquidity Ratios, ROCE, Profitability and Growth Ratios, Efficiency and Cover ratios
  • Identifying and explaining the various legal corporate and public business structures in normal use
  • Fundamental accounting concepts and policies and their impact upon a set of accounts
  • The use of the commonly accepted key ratios, with practical worked examples, in the analysis of any set of accounts, the Balance Sheet, the Profit & Loss Account and the Cash Flow statements
  • The difference between statutory accounts and monthly management accounts, highlighting the costs and benefits of producing those accounts
  • The differences, in financial and business terms, between managing for profit and managing for cash and explain the main benefits and dangers of each approach, by examining the implications of common practices within different sectors and their impact upon the Balance Sheet and the Profit & Loss Account
  • Explaining and discussion in the benefits and dangers of high leverage versus low gearing and the consequential impact upon the financial performance of a business, providing insights into the key business drivers behind highly leveraged companies
  • Key elements involved in setting, controlling and managing budgets, at a tactical and an operational level
  • Main methods of costing; including an introduction to Activity Based Costing, ABC, Absorption Costing and Marginal Costing
  • Identifying and explaining the main methods of making key investment decisions including projected cash flows using NPV, Discounted cash flows and Hurdle rates of return
  • Differences between break even analysis and contribution analysis
  • Defining and explaining the main financial jargon used in the discussion and analysis of financial statements in the evaluation of a potential business partner, acquisition or disposal
  • Key valuation techniques commonly used in valuing business acquisitions or disposals, including Net Asset Value, Enterprise Value, EBITDA and PE Ratio
  • The financial terms used by Banks, Venture Capitalists, Business Angels and other sources of finance.  This will encompass a consideration of the likely costs and benefits of the various capital sources
There are no open events scheduled for this topic.
Many of our events are run as open events at various locations around the UK. See the Events Diary for scheduled events. All topics can be run as internal events on your premises.
In-house Event for Your Organisation
We can run this topic as an in-house event for your organisation on your premises. This can provide a high quality and cost effective staff development route.
This workshop is  Price Band C 
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Workshop Style

This training course is delivered in a workshop style. It is highly participative with a blend of presentation, group exercises and debate.  A comprehensive delegate pack is included. .

Numbers

To ensure effective levels of delegate participation, involvement and interaction, delegate numbers are restricted.  This workshop is suitable for groups of 2 to 20 delegates.

Certification

Formal CPD certificates are provided after the event in a form which is acceptable as CPD evidence to many professional bodies and institutions.

Facilitator

The facilitator for this workshop is a highly experienced trainer with in-depth subject knowledge.