Finance for Non-Finance Managers - Advanced

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:

  • 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
  • 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
  • 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

'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:

  • Identifying and explaining the various legal corporate and public business structures in normal use
  • Key elements involved in setting, controlling and managing budgets, at a tactical and an operational level
  • 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
  • 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
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. More»

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.