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.

Course Information:

Venue:	Duration:	Date:	Price:
Online	8 hours	Flexible	£1,250.00
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.

Accreditations

Outcomes

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

COURSE TOPICS:

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