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Essential Finance for Non-Finance Managers - Part 1
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COURSE OBJECTIVES: This course covers the core areas of finance and accounting that are essential knowledge for managers from any discipline. Participants will leave the course with a sound grasp of financial terminology and concepts, including a good working knowledge of the three key financial statements. In addition participants will have increased confidence in using and interpreting financial information.


COURSE CONTENT


Introduction to Business Finance


  • Financial language and concepts

  • The four key financial objectives

  • What is profit?

  • Options for increasing profit

  • The difference between profit and cash

  • Managing cash flow

Understanding Financial Statements


  • The structure and purpose of financial statements

  • Relevance of financial statements to different stakeholder groups

  • The Income Statement (Profit & Loss Account)

  • The Balance Sheet & Cash Flow Statement


Controlling Working Capital


  • Working capital and the operating cycle

  • Managing stock

  • Calculating the cost of credit

  • Managing debtors

Managing Costs


  • Types of cost

  • How to calculate breakeven points

  • Cost-volume-profit analysis

  • Contribution analysis

Budgetary Planning and Control


  • The budget cycle

  • Constructing budgets & variance reporting

WHO SHOULD ATTEND


This course is intended for those with little or no previous financial experience who need to be able to understand and interpret financial information.


Would you like this course run in-house? Call us on 0207 566 8207 to find out more


Not quite what you were looking for? Then please see the following closely related courses



Robert Britton has been involved in the design and delivery of management development programmes since 1994, following a career in retail and commercial banking. Specialising in finance training, he has run courses and seminars throughout the UK, western Europe and the Middle East for organisations in the corporate, banking and not-for-profit sectors. Programmes have also been delivered on strategic alliances, commercial awareness and operations management. Between 1997 and 2001 he was responsible for finance training at Ashorne Hill Management College, near Leamington Spa. Robert is a regular contributor to post-graduate programmes run by a number of leading UK academic institutions and an academic associate of the IFS School of Finance (formerly the Chartered Institute of Bankers), for which he has provided distance learning tuition and run revision workshops for banking students from many parts of the world. Subjects taught include corporate governance, measuring financial performance and fina
Fees (ex VAT)

Member Fee £315.00

Non Member Fee £575.00
Locations & Dates
09/10/2012 - London (09:30 am - 05:00 pm)   Speaker & Venue Details BOOK >>