Finance for Non Finance Managers

Every manager needs to understand financial fundamentals if they are to play an active role in helping the business achieve its objectives.  Of course, not all managers need the same level of skill and understanding as specialist financial managers. However, in today’s business world, even non-finance managers are often called upon to make quick and accurate decisions about financial issues. 

This course will help you to increase your understanding  of  basics and will enable  you , whatever  your function, to contribute to discussions about the financial performance of  your organisation or business unit and will help you to discuss  financial issues  with confidence. 

Objectives

• Identify the main sources of financial information
• Understand the Basics and interpret key financial information – Financial statements; profit and loss accounts; balance sheets
• Interpreting Financial Information – Interpreting what the accounts tell us; differentiating between cash flow, capital, budgets and revenue; using ratios to predict financial health
• Analyse variances in budgets and take remedial action
• Calculate marginal costs and appreciate their importance in financial decision making
• Managing Finance – Understanding working capital; pptimising working capital for your organisation; forecasting the financial future; sales forecast; cost-volume-profit analysis
• Prepare break-even analyses for business plans, new projects and boardroom presentations
• Distinguish between short term and long term financial decisions
• Perform confidently in a financial environment

Target Audience

Duration

2 days