Financial Development for Non-Financial Managers

Course Information:

Venue:Duration:Date:Price:
Online 20 hours Flexi-date£2,750.00
In-House Agreed with client FlexiblePOA
London 5 days 29 April 2024£4,250
London 5 days 19 August 2024£4,250
London 5 days 2 December 2024£4,250

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%).

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    Who should attend?

      Those for whom finance is part of their responsibility and need a greater understanding of finance. They will be from all sectors, including private, public and not-for-profit including:

      • Those who are non-specialists in finance
      • Budget holders who are responsible for creating and managing their department’s budgets
      • Operations managers who want to know more about cost management and projects
      • Senior sales and marketing employees who have to understand financial statements
      • Senior managers who require greater financial literacy skills
      • Managers facing financial decisions or expect to make a contribution to a wider planning process

    Outcomes

      • Interpret and apply financial information in a business environment
      • Put together a budget to justify expected expenditure
      • Develop skills in interpreting financial statements and calculating selected key ratios
      • Measure budgetary performance
      • Conduct effective investment appraisals

    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 the General Ledger, their purpose and the chart of accounts
      • Double-entry bookkeeping concepts and implications
      • Depreciation and amortisation

    Reading Financial Statements, Public and Private Sector

      • International standards in the private and public sectors, IFRS and IPSAS
      • Format and content of the statement of financial position (balance sheet)
      • Format and content of the statement of profit or loss
      • IPSAS principles of financial statements presentation for the public sector
      • Investor ratios

    Management Accounting

      • Financial accounting and management accounting compared
      • Types of management information prepared for internal consumption
      • Financial information managers need to manage – the power of comparisons
      • Analysing costs, key ratio calculations for management and variance analysis, including ROE, ROA and liquidity ratios

    Managing the Finances and Costs of Projects

      • Financial aspects of building the business case and getting approval for funding
      • Estimating project costs – different estimating techniques, expert, analogous, parametric, bottom up etc
      • Project forecasts, cost variances and cost control
      • Project risks and financial implications

    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





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    Financial Development for Non-Financial Managers

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