Finance for Non-Financial Managers (2-day)
This programme is aimed at those managers for whom finance is not a significant part of their responsibility, but who will benefit from understanding it in more depth. They will be from all sectors, including private, public and not-for-profit.
|In-House||Agreed with client||Flexible||POA|
|In-house||2 days||1 August 2023||£2,250|
|London||2 days||31 October 2023||£2,250|
If you are unable to attend this course on the dates above, please contact us to discuss alternative options.
Please note that prices shown above are exclusive of VAT (20%).
Who should attend?
- Those who are new managers or managers wanting a refresher
- Budget holders who want to create and manage their budgets more effectively
- Operations managers who want to know more about cost management and projects
- Sales and marketing employees who want to understand financial statements
- Anyone who needs to understand key accounting concepts, and improve forecasting and cost management skills
- Managers who are about to be promoted into positions that require financial literacy
- Managers facing financial decisions or expect to make a contribution to a wider planning process.
- Describe fundamental bookkeeping and accounting concepts enabling them to manage the financial aspects of their role more effectively
- Compare the different approaches taken in the public and private sector
- Make sense of key financial statements and some key ratios
- Manage financial aspects of projects more effectively
- Participate more knowledgeably in the budgeting process
Key Financial Concepts and Principles
- Bookkeeping versus accounting
- Cash accounting versus accrual accounting and use in private and public sectors
- Types of accounts in General Ledger, their purpose and the chart of accounts
- Double-entry bookkeeping concepts and implications
- Depreciation and amortisation
Building an Effective Budget
- Public sector v. Private sector budgeting differences in purpose, processes and motive.
- Budgetary methodologies, incremental and zero-based
- Budget and variance analysis
- End of week quiz to appraise learning achieved