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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.
Learning Outcomes
After completion of this course you should be able to:
- Appreciate fundamental accounting concepts and business finance principles
- Understand the impact of decisions on cash, revenue, expenses, assets, liabilities and equity
- Determine how short term financial outcomes can be improved
- Create meaningful financial targets
- Develop financial projections based on present financial performance
- Ask insightful questions about your organisation’s finances.
What past course attendees say:
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.
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.
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.
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.