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Finance for Non-Finance Managers (2 days)

Excellence in Learning
Course summary
2 days
975 GBP excl. VAT
Birmingham, London
Rating: 4.8 (25 Reviews)
Open / Scheduled

Course description

Course description

Finance for Non-Finance Managers - 2-day classroom course

Being successful within an increasingly complex and fast moving world, with very flat management structures, requires a firm grasp and an in depth understanding of a whole range of financial concepts and skills. This training course is being constantly updated to always contain the latest financial issues, for example it includes information on financial matters that have only come into force in 2018 and therefore first apply to accounting periods starting on or after 1 January 2018.

This two day Finance for Non-Finance Managers training course places great emphasis on hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge, to reinforce the learning process and to really integrate them into their core knowledge and skill set.  This means that their future use will becomes instinctive and automatic.

The training course will be ideal for those executives who have had limited direct experience of numerically based business management and analytical techniques.  They may therefore wish to take a measured approach to the assimilation and absorption of the new financial knowledge and skills.  This objective is easily achieved through a very effectiive and relaxed approach to learning, which is significantly enhanced by the detailed discussions and extensive case studies, especially on day 2 of the training course.  Day 1 of this training course sometimes overlaps with the 1 dayFinance for Non-Finance Managerstraining course.

This Finance for Non-Finance Managers training course will provide the essential knowledge of those key financial management issues and concepts that are needed by successful Managers, Executives, Directors and Consultants in order to remain ahead of their competition. The completion of this training course will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts. It will also provide a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills. The theoretical knowledge will be reinforced by hands-on case studies.

Suitability - Who should attend?

Any other Managers or Executives interested in improving their financial skills and knowledge for the benefit of their organisation and their personal career development, including:

  • General Managers
  • Board Directors
  • Trustees
  • Company Directors
  • Principals
  • Department Heads
  • Sales Managers
  • Marketing Managers
  • Administration Managers
  • Human Resources Managers
  • Purchasing Managers
  • IT Managers
  • Budget Holders
  • Production Managers
  • Technical Managers
  • Facilities Managers
  • Site Managers
  • Property Managers
  • Advertising Managers
  • Media Managers
  • Medical Managers
  • Charity Heads
  • Charity Managers
  • Medical Services Managers
  • Communications Managers
  • Logistics Managers

Outcome / Qualification etc.

Formal Certificates of Professional Development will be issued to participants who successfully complete this training course. These certificates will be accepted as evidence for CPD purposes by most professional institutes and associations.

Training Course Content

Accounting and the Law

  • Accounting principles & policies (GAAP)
  • The different legal structures under which organisations can operate
  • The advantages and disadvantages  of the different legal structures
  • Terminology & Jargon

The Three Key Financial Statements

  • Balance Sheets: Assets; Liabilities; Net current assets, capital employed and how to interpret the information;
  • Profit & Loss Account, Types of profit, and the layout & use of the profit & loss account
  • Cash Flow Statements: Importance of cash flow and Impact of credit and credit control, Problems affecting cash flow, Dealing with Debtors and Creditors

Using Key Ratios to Analyse Accounts and to Support Investment Decisions

  • Return on Capital Employed (ROCE)
  • Current Ratios and Quick Ratios
  • Debtor Days and Creditor Days
  • Stock days and Stock Turn
  • Net Present Value (NPV) of cash flows and projects
  • Investment decisions and Return on Investment (ROI)
  • Internal Rate of Return (IRR) and Cost of capital
  • Gearing and its impact upon risk and returns; is the level of borrowing too risky?
  • Liquidity, could the company hit cash flow problems?
  • Profitability, how well is the company doing?

Working Capital Management and Cash Flows

  • Converting operating profits into cash flow
  • Cash forecasts
  • Cash Management and Liquidity

Revenue and Capital Expenditure

  • Capital Expenditure and Revenue Expenditure
  • Phasing of capital spend and its implications for budget holders

Depreciation and Amortisation of Assets and liabilities

  • What is Depreciation
  • What is Amortisation
  • Goodwill; its purpose, calculation and impact

Costing and the Impact of Costing Assumptions on Business Decisions

  • Cost types & behaviours and their Impact on decisions
  • Break-even and Contribution Analysis
  • How costs are determined
  • Direct and Indirect Costs: Fixed, Mixed and Variable costs
  • Activity Based Costing (ABC) and Activity Based Management (ABM)
  • Standard Costing, Marginal Costing, Absorption Costing and Activity Based Costing (ABC)
  • How frequently used cost allocation methods and calculated profitability by product. can influence key strategic decisions by determining and predicting artificially constructed profits
  • Predicting and maximising profits
  • How the chosen cost structure can affect the planning and decision making process

Forecasts and Budgets

  • The purpose of forecasts for the business
  • Budget objectives and cascading budget objectives
  • Budgetary Control as a management tool
  • Historic v Zero Based budgeting methods
  • Variance Analysis

Consolidated Accounts

  • Their purpose and definition
  • Goodwill evaluation and its stated value in the accounts

Company Acquisitions and Disposals

  • The valuation of target company acquisitions
  • The treatment of company acquisitions and disposals
  • The impact of acquisitions upon the financial results
  • The financial pitfalls relating to acquisitions and disposals
  • The impact of acquisitions upon the market value of the organisation

Strategic Financial Risk Management

  • Identifying and evaluating Strategic Financial Risks
  • The financial quantification of Strategic Risks
  • Early warning indicators and red flags
  • Implementing a Strategic Financial Risk monitoring framework

Financial Operational Management

  • Financial Pension Issues
  • Financial Sales Funnel Management
  • Financing of Organic Growth & Acquisitions

Share Price and Share Valuation

  • The importance of Share Price/Valuation
  • Acquisitions as a tool to create shareholder value and move the Share Price upwards
  • Management of the Share Price/Valuation

Other Financial Factors and their Influence on Decision Making

  • The interaction of the different forms of taxation and business planning
  • Accounting policies as significant drivers of operational business decisions

About provider

Excellence in Learning

Excellence in Learning - Quality Development for the Learning Community

We provide training courses, internally and on an open scheduled basis. These training courses will give you all of the essential information needed for you and your organisation to be successful. These are delivered in a professional and easily understandable...


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Contact info

Excellence in Learning

Crowne Plaza Birmingham NEC
Pendigo Way, Marston Green
B40 1NT Birmingham

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www.excellence-in-learning.co.uk


Reviews

Stephen Bowler
(5)
Really great practical examples to bring the concepts to life
Suzi Alexander
(5)
A lot of material and concepts to get through quickly - but done very well and interest was kept high.
Daniel Eumns
(4)
Explored the concepts in a manor which was understood by all
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