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A Masterclass in Finance for Non Financial Managers

Courtney Associates (Global)
Course summary
Length: 1 day
Location: Nationwide
Next available date: Contact provider to schedule - Nationwide

A Masterclass in Finance for Non Financial Managers

A Master Class in Finance for Non Financial Managers

A Masterclass in Finance for Non Financial Managers - 1-day Scheduled Course

Finance is an inescapable part of business. That's why it is so important for businesses of all shapes and sizes to understand how it works. This Masterclass in Finance for Non Financial Managers was created to break down technical financial jargon for managers who need to understand the financial impact of their day-to-day business decisions.

This 1 day course is perfect for owners of SME's, Business Managers, and anyone in managerial positions who are required to deal with budgets, profit and loss statements, cash flow, and other financial data as part of their role. The course is designed to take away the fear of finance and break down technical jargon related to finance for managers who need to interpret financial documentation and understand how their day-to-day business decisions have an impact on their business.

This interactive course will teach participants about the main financial elements of a business and will help them develop an understanding of the impact of financial decisions. The goal is to equip them with the skills needed to manage their business' financial information with a sound knowledge of:

  • Cash Flow Forecasts
  • Profit & Loss Accounts
  • Balance Sheets
  • Budgets

Participants the chance to work with data relevant to their specific work environments, providing them with the competencies needed to ensure success upon their return to the workplace.

Suitability - Who should attend?

A Masterclass in Finance for Non Financial Managers is suitable for any professional looking to develop an understanding of Finance, including how to manage company accounts, budgets,  balance sheets, profit and loss statements, and cash flow forecasting.

No prior knowledge of Finance is required.

Outcome / Qualification etc.

On successful completion of the course, participants will receive a Certificate of Achievement.

Training Course Content

Courtney Associates offer both a 1-day version and a 2-day version of this course. The 1-day course includes the following financial topics:

Programme Outline:

  • Introduction and Course Overview
  • Your Role in Your Company Finances
  • What is Finance?
  • Getting to Know the Players

Record Keeping Terminology

  • Accounting
  • GAAP
  • Bookkeeping 

The Balance Sheet

  • Balance Sheet Overview
  • Balance Sheet Terms
  • Assets and Liabilities
  • Fixed vs Current Assets
  • Liabilities and Equity 

Profit and Loss (Income) Statement

  • Service and Sales Income
  • Methods of Recording Transactions 

Cash Flow Statement

  • Format of a Cash Flow Statement
  • Credit Terms and Discounts 

Analysing Financial Statements

  • Ratio Analysis 

Budget Basics

  • Defining a Budget
  • Preparing a Budget
  • Types of Budget

The 2-day course includes all of the above but in more detail, plus the following additional topics:

Accounting

  • GAAP
  • Bookkeeping ; Impact of journal adjustments, including Accruals and Prepayments
  • Keeping a fixed Asset Register
  • Managing the FAR • Processing Depreciation
  • Managing and Reporting on Project Costs

Job Costing 

The Balance Sheet

  • Balance Sheet Overview
  • Balance Sheet Terms
  • Assets and Liabilities
  • Fixed vs Current Assets
  • Liabilities and Equity

Profit and Loss (Income) Statement

  • Service and Sales Income
  • Methods of Recording Transactions
  • Cash Flow Statement

Format of a Cash Flow Statement

Credit Terms and Discounts

  • Analysing Financial Statements
  • Ratio Analysis
  • Margin Analysis

Variance Reporting

Budget Basics

Defining a Budget

  • Preparing a Budget
  • Types of Budget

Using Excel for Analysis

Expenses

Courtney Associates can deliver this course to 5 or more members of your team at your workplace, anywhere in the UK as an In-House programme which can save your company both time and money. 

It can be delivered exactly as shown in the course outline, or customised to include company- or industry-specific case studies and terminology at no extra cost.  Alternatively, Courtney Associates can develop an entirely bespoke programme to meet the specific needs of your organisation. 

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Provider: Courtney Associates (Global)

Courtney Associates - Management and Training Consultancy, Public and Bespoke Training

With over 26 years of experience in training and consultancy, Courtney Associates is a leading provider of leadership, supervision and management development solutions to private and public sector organisations across the UK and beyond. Their long history of delivering tailor-made...


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Contact information for Courtney Associates (Global)

Courtney Associates (Global)


2 Harford Close, Penketh
WA5 2JD Warrington

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www.courtney-associates.co.uk
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