Finance For Non-Financial Directors and Managers

Course Description

This course has been specially written for managers and directors who need a better understanding of how a business enterprise is measured and managed in financial terms.

The course is designed for people with little or no knowledge of business finance and introduces participants to the Balance Sheet and Profit and Loss Account and introduces the most commonly used financial ratios.

Findings of a recent CMI Research initiative identified financial results as the principal concern for managers around the world, whilst 57% of UK manager’s main focus is the bottom line.

This Finance Programme puts these findings in perspective and identifies workable solutions and strategies for business managers.

Who will benefit

• Anybody seeking a clearer understanding of basic business finance
• Anybody wishing to use finance as a measure of individual, team and company performance
• Anybody looking to use financial input to make better business decisions

Why you should attend

More financial reports are being distributed to more people in more organisations at more levels.

• Basic financial awareness is now regarded as a core competency
• Finance becomes easier when the jargon is understood
• You will feel confident when discussing financial issues with colleagues
• You will feel confident in putting your ideas across in a language that senior managers understand
• You will gain an understanding of the essential financial concepts
• You will learn how to calculate and interpret key performance measures.

Key topics

• Statuary accounts vs., management accounts
• Productivity and profitability
• The Profit and Loss Account
• Cost of Sales
• The Balance Sheet
• Cash flow
• Use of ratios
• Fixed and variable costs
• Product contribution and Break-even point
• Project appraisal tools
  • Discounted cash flow, Payback, Net Present Value, Internal rate of return
• Business valuation

Course details

• Confidential self assessment to show how much you’ve learned by taking part
• Accelerated learning techniques to improve understanding and long-term retention
• Finance is considered from a manager’s perspective, not an accountant’s.
• Course ends with a team competition business game.

Course Duration: 2 Days