Finance for non-financial managers

A great introduction to finance for operational staff, enhancing their ability to use and understand financial information

Summary

This course is tailored for managers and staff who want to feel confident in their understanding of financial matters as they relate to their business.  As well as giving an excellent grounding in business finance, it explores best practice as related to building business efficiency and profitability, and gives a thorough understanding of key accounting statements and how to make best use of them.

In particular, it covers:

  • The finance essentials all managers should know
  • How organisations work financially
  • Understanding balance sheets, profit and loss accounts and cash flow
  • Driving performance through use of ratios and key performance indicators

Course Outline

Finance Essentials

  • The business cycle and how money flows in a business
  • Key financial terms and their meaning
  • Introduction to the balance sheet and profit and loss account
  • Key accounting principles and their application

How organisations behave financially

  • Working capital management
  • Cost control and reduction
  • Improving income and margins in your business
  • Income and cost behaviour

Understanding the key financial statements

  • The balance sheet
  • The profit and loss account
  • The cash flow statement
  • Budgets and forecasts

Ratios and key performance indicators

  • The financial ratios everyone should know
  • Working with key performance indicators
  • Evaluating a business case
  • Using budgets to drive performance