Finance for Non-Financial Managers

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Finance for Non-Financial Managers

An overview of the Finance for Non-Financial Managers

Straightforward and no-nonsense, this course enables you to get straight to the heart of financial issues, demystifies financial information and gives you confidence and control when making financial decisions. This two-day overview course has won praise for the straightforward way in which it untangles the web of mystery that surrounds financial and management accounting in the eyes of many non-financial managers. By so doing it enables them to understand and manage the impact of their decisions on business results, interact more productively with their finance-based colleagues and exert greater influence on decision making in their organization.

Type:

Theory & Practical Exercise

Duration:

12 Hours

Who is it for?

This course is for managers, board members and budget holders across all sectors who need to know about organizational finance to help improve the profitability and performance of their business. Finance skills for non-financial managers are suitable for people who have little or no knowledge of finance.

Requirements:

There are no prerequisites or entry requirements, as long as you want to get more experience in the field of finance, this is the right place for you.

Career path:

Finance and Management

Awarded by:

Informal assessment will take place through group discussion, class room activities, and questions and answers sessions as guided by your tutor. Course Completion Certificate awarded by Winway

Financial Options:

Further discounts for upfront payment installments also available

Course Content:

Course Highlights will be:

Introduction:

Financial accounts

profit and loss accounts and

how to understand them reading an income and expenditure account and analyzing the finance flows within your organization cash and accruals accounting showing how each is used terminology associated with income and expenditure accounting communicating effectively with finance professionals analyzing trends in financial flows and formulating appropriate questions reading a balance sheet and analyzing the financial position of the organization how an asset register is used analyzing your accounts constructing a cash flow statement from narrative information the different rules for charity accounting under the Charity SORP and the presentation of company and housing association accounts Management accounts the budgeting process how budgeting relates to strategic objectives and good governance constructing a budget estimating costs and income accurately for budget purposes using management accounts to understand the past and forecast the future cost Centre – understanding how they are used in your organization nominal, purchase and sales ledgers using benchmarking in constructing a budget distinguishing between fixed and variable costs using the concepts of break-even pricing a template to forecast the effects of changing costs, sales volume and price evaluating opportunity costs a year of free support