Course Details
If you think it is time to learn the basics of how the finances work?
Finance is an essential element of an organisation, whether that’s in the private, public or third sector, This basic awareness of Finance for Non-Financial Managers course outlines the importantance for every manager to at least have a basic overview of how things work and why.
This “introduction” to business finance breaks down the key elements of the financial aspects of running an organisation and covers the main models and tools used by organisations to understand and report their financial situations, enabling more informed decisions to be made.
We break down the financial jargon for those who, perhaps with their role, haven’t been exposed to or involved in financial matters thus far. It will also help those managers who have inherited a budget or for whom that managing a budget is something that they be taking on in future.
This course teaches delegates about the key concepts of how to interpret financial statements and understand how they impact on their organisation, exploring some of the basic accounting concepts such as cash flow, depreciation, double-entry, balance sheets, profit and loss, cost management, budgeting and working capital. For more detailed view please consider our 2 day version
Benefits to you
By the end of the course, participants will be able to:
- Understand why Finance is important
- Understand pricing, costs, profits and margins
- Understand Net and Gross Profit
- Appreciate break even analysis
- Understand forecasting
- Appreciate Cash Flow
- Understand the Balance Sheet
- Understand Profit & Loss accounts
- Understand budget management
Course Contents
- Why Finance is important
- Pricing, costs, profits and margins
- Net and Gross Profit
- Break even analysis
- Forecasting
- Cash Flow
- The Balance Sheet
- Profit & Loss accounts
- Budget management
Who should attend?
Managers, team leaders, Supervisors and all those that need to understand financial information