Finance for Non-Financial Managers


Most Managers/Supervisors/Team Leaders that work in a non-accounting role still have some kind of financial responsibility, whether it’s managing budgets, cost centres or interpreting financial statements. They don’t need to be financial experts but they need to be able to interpret figures and understand what lies behind them.The programme is designed to give participants a firm understanding of the principles of financial management and provide them with the confidence to participate in financial discussions and financial decision making.

Learning Objectives

  • Understand company accounts and the figures within the accounts
  • Analyse the company’s performance
  • Identify  the key performance indicators
  • Understand ratio analysis to enable quick analysis of trends and fluctuations
  • Control budgets and costs more effectively
  • Enhance financial decision making

Programme Content

  • Accounting principles
  • Understanding annual and management accounts
  • Introduction to Income Statement
  • Revenue / cost of sales / gross profit
  • Interpreting the Balance Sheet
  • Non-Current Assets / Current Assets / Current Liabilities / working capital
  • Accruals & Prepayments concept
  • Difference between Income Statement & Balance Sheet
  • Calculation of basic performance ratios
  • Working Capital performance ratios
  • Weaknesses & limitations of ratio analysis
  • Managing cash flow
  • Overview of costing methods
  • Activity based costing
  • Direct and indirect costs
  • Break-even analysis
  • Purpose of budgets
  • Budget process
  • Cash budgets / production budgets
  • Budgetary slack
  • Measuring performance against budgets

 

Programme Duration

     2 days


Certification


Participants receive a certificate of attendance.