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Finance for Non Financial Managers
| Course Code: | 2024 |
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| Dates: | On a date of your choice |
| Venue: | At a location of your choice |
| Course Fees: | Available on application |
| CPD Credits: | 7 |
To discuss your requirements or for further information contact us on 01327 858292 or email info@ctp.uk.com
Finance for Non-Financial Managers Course Outline
“I was dreading this because I hate money matters – but it was very enjoyable and informative.” Dan Evans
“I’ll feel much more confident talking to the Finance people now.” Andrew Buckland
“Presenter had a very practical and friendly style, which made it easy for us to raise queries.” Ian Laurence
“It was related to our situation as well as external companies, which made a potentially dull subject very interesting.” SallyWoodford
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In all organisations, managers increasingly have responsibility, and often, accountability for the financial performance of their team, department or division. Whilst technical skill and expertise in your chosen field will have been acquired through training and experience, rarely does this training include awareness and understanding of the financial aspects of business.
We have developed a finance for non-financial managers one-day programme designed to introduce managers to the key principles of financial accounting, understanding key financial statements and breaking through the financial jargon barrier.
Each event may be tailored so the case studies reflect your business and any specific issues you wish to address, for example, making use of internal Management Information where appropriate.
Who should attend?
If you're a Manager who has a high degree of technical knowledge and skills related to your specific discipline but are now taking responsibility for, for example, controlling and managing budgets, business plans, revenue and expenditure, or assessing financial viability in the case of capital expenditure. Attend this event if you:
 Have responsibility or accountability for financial performance
Want to develop your contribution to your organisation’s financial health
Would benefit from a better understanding of financial concepts
Want to feel more confident in discussion with financial specialists
How delegates will benefit
This workshop will introduce you to the fundamental principles of financial accounting, to enable you to understand and make effective use of financial information. You will:
Examine key financial statements: Balance Sheet, Profit & Loss Account and Cash Flow Statement
Understand and interpret key financial information
Understand the differences between cash flow, revenue and capital expenditure, and the implications of each
Scrutinise different types of costs
Discover how management of working capital can improve profitability
Analyse variance in budgets and take remedial action
Perform confidently in a financial environment
Training Approach
This workshop is uses a combination of trainer input, knowledge sharing with interactive syndicate work and case studies.
Group size is kept to a maximum of 12 to facilitate sharing of experience amongst the delegates
Workshop leader: David Smith
David was employed with the Barclays Group for many years where his roles included account management for business and corporate customers over a wide range of business sectors. This background in the practical interpretation of financial information is carried over into the training environment.
David went on to become the Training Manager in the Bank’s Risk Training team, responsible for the management, design and development of a suite of courses on Risk Assessment and Corporate Lending Techniques. As an independent training consultant, his financial training experience has covered groups of managers in a wide range of commercial and public sector organisations, including banks, insurance companies, transport logistics, print media, IT, food distribution and metals manufacture. He holds a BSC (Hons) in Financial Services (UMIST) and a Diploma from the University of Leicester in Training and Development. He is a Fellow of the Institute of Training & Occupational Learning and an Associate of the Chartered Institute of Bankers.
Programme Outline
- Nature of Business – key stakeholder
- Key Financial Statements: Balance Sheet; Profit & Loss Account; Cash Flow Statement
- Cash v. Profit
- Costs – Fixed and variable; ‘good’ and ‘bad’ costs
- Working Capital Management Capital Investment Appraisal – building the Business Case
Return on Capital Employed
- Jargon Busting
- Analysis:
Key Financial Ratios
Trends
Understanding Balance Sheets – an introduction
- Budgets and Management Information
Other Topics may included by request, for example:
- Mark-up & Margin
- Payback & Discounted Cash Flow considerations
- Discounts and rebates
- Accruals and prepayments
To book this course or for further information please contact us now on 01327 858292 or e-mail info@ctp.uk.com
Corporate Training Partnerships - Practical Support: Dynamic Delivery
Booking
If you are interested in booking this course, or if you have any questions, please call call us on 01327 858307.
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