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Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
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Training - Finance Courses
Finance for Non Financial Manager
You are an effective manager, skilled in your own area of
expertise. Only two things stop you from becoming an all-round
high performer a sure grasp of how finance works and the
confidence to use that knowledge to make better business
decisions.
This programme is designed specifically for you. It
demystifies finance. It explains simply and clearly what the
key financial statements mean, how they work and relate to
each other and how your actions as a manager affect them and
your business.
Key benefits:
Explain financial jargon and techniques in layman’s terms
Improve your confidence when dealing with financial matters
Break down the barriers between yourself and your finance and
accounting colleagues
Radically improve your planning and budgeting skills
Help you to make better decisions based on a clearer
understanding of financial data
Keep you focused on the bottom-line implications of the way
you run your business
Increase your contribution to your organisation and boost your
career development
Who should attend?
This seminar is relevant to all managers. Previous delegates
have included: project managers, marketing managers, technical
managers, solicitors, general managers, office services
managers, manufacturing managers, contracts managers,
engineers, sales managers, business development managers,
research managers and many, many others – even managing
directors and finance directors.
Course content
The first day of the programme concentrates on balance sheets
and PandL accounts what use they can be to you. Cash and cash
management is then studied short term working capital
management and funding for the long term what gearing is
appropriate.
Accounting and accountants
What types of accountant are there?
What do they do?
Financial accounting
Management accounting
Treasury function
Activities and terms
Understanding the basis of accounting records
Basic balance sheet and profit and loss accounts
Accounting records
Assets/liabilities
Income/expenditure
General/nominal ledgers
Getting to grips with financial statements
Balance sheet and profit and loss accounts terminology
Fundamental accounting concepts going concerns and accruals
Other concerns
Depreciation
EU legislation format of accounts
Cash flow and cash management
Working capital cash cycle
Just in time
Flow of funds/cash flow statements
Current and liquidity ratios
Gearing
Treasury management
Foreign currency and cash management
The second day covers budgeting best practice. The content of
published accounts is explained – what you can get out of them.
This is followed by ratio analysis of financial statements
with a final case study that aims to consolidate your skills
in financial statement interpretation.
Tips and techniques for planning and budgets
Corporate plan financial
Planning the budget
The budget cycle
Links with company culture
Budgeting methods
Zero/priority based budgets
Reviewing budgets
Responding to the figures
The need for an appropriate accounting system
Management accounting costing methods and their uses
Cost definitions
Full/absorption costing
Overheads
Overhead allocation or absorption
Activity based costing
Marginal costing/break-even use in planning
Costing for control standard costing
What the figures reveal understanding and interpreting
accounts (a comprehensive case study)
Analytical review (ratio analysis)
Return on capital employed
Net profit %
Asset turnover
Fixed asset, debtor and stock turnover
Responding to figures
An introduction to other key issues
Creative accounting
Accounting policies/group situations
Intangible assets brand names
Company valuations
Fixed assets leased assets
Duration: 2 days
Price: £1050 |
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