Finance for the non-financial Manager
Course Ref: FO1

Should I attend this course?
Cash flow, budgets, balance sheets and financial ratios can sound like baffling terms, yet an understanding of finance is at the heart of effective management, and all managers will benefit from learning more about this subject.

In this course we de-mystify the jargon of finance, helping you understand how applying the concepts of financial and management accounting can help you to make the right decisions and maximise your returns. You will learn the meanings of the key finance statements, how they work, how they relate to each other, and how your own actions as a manager affect them.

Although we focus on theory, this is a highly interactive and practical course. You will have the opportunity to join with other managers, to share ideas and experiences, and to learn through examples, discussions and exercises.

What will I learn?
After attending this course, you will be able to:

• Explain the roles and responsibilities of the finance function
• Explain the methodology and language of finance
• Identify the effect of your own decisions and your department's activities on the bottom line
• Apply tools and techniques to prepare realistic budgets and cash flows and to make informed management decisions
• Apply your knowledge of finance to present yourself more credibly to finance colleagues

What does the course cover?

• What do we mean by 'finance'?
• What is financial accounting?
• What is management accounting?
• What are the roles and responsibilities of accountants?
• What are the purposes of accounts?
• How are the following prepared and used:
       Balance sheets
       Profit and loss accounts
       Accounting records
       Assets/liabilities
       Income/expenditure
• What terminology will I need to know in order to understand financial statements?
• What are the essential accounting concepts I need to understand? (Includes: Depreciation, Cash flow, Current and liquidity ratios, Gearing, and others)
• How can I understand and interpret accounts?
• How can I select and apply appropriate figures for decision-making?
• How do my decisions and my department's activities impact on the financial data and the bottom line?
• What methods can I use to plan and prepare a realistic budget?
• What techniques can I use to plan and prepare a cash flow effectively?

COURSE BOOKINGS