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Finance for Non-Finance Managers
The Finance for Non-Finance Managers training course is for those who need an understanding of finance to make sound commercial decisions. You will learn how to improve budgeting processes within your team, explore tax implications of business structures and learn how to ask insightful questions about the organisation's finances.
2 Days
Overview
Improving business performance requires an understanding of the components of profit, liquidity, and value.
Over two days this finance training course will help you to understand the finances underpinning your business. You will learn how to determine what’s driving revenue and costs and put together a budget. On completion of this basic financial management training course, you will be able to analyse the impact of decisions on cash, revenue, expenses, assets, liabilities and equity and have the confidence to ask insightful questions about your organisation’s finance.
Who will benefit
People who wish to have a general understanding of business finance which will enable them to improve the profits and value of their business, including managers, senior executives and business owners.
Content
- Awareness of accounting basics
- Understanding financial statements
- Financial ratio analysis
- Determining the drivers of both revenues and costs
- Preparing annual budgets from a profit and cash flow perspective
- Analysing variances of actual results compared to budgets
- Understanding business structures
- The Australian taxation regime.
Learning Outcomes
Participants should be able to:
- Identify the steps required to develop and implement a strategic plan
- Initiate and manage change in an organisation
- More clearly define the role of management and leadership
- Apply ethical decision making processes
- Understand finances as they apply to managerial decision making
- Manage resources and associated risks to ensure successful outcomes
- Lead continuous improvement through innovation
- Build a network of contacts with other participants.
What past course attendees say:
If you need to build your financial acumen and would like to integrate financial information into your decision making, this course is for you. This accounting training will cover how to link financial objectives to company strategies and interpret financial data to make better decisions.
For those needing to use financial tools to support business planning, this program will explore the different finance variables that have to be taken into account when preparing predictive models for organisations or major projects.
Every manager needs to operate within a budget. During this course you will examine a variety of approaches for developing a budget and monitoring performance against an agreed business plan.
This course is designed for those who have had little or no exposure to accounting concepts and want to gain an introductory level of financial awareness.