Finance for Non – Financial Managers Finance for Non – Financial Managers Overview Managers need to be specialists, but they also require competencies in other areas. This often includes a grasp of basic financial awareness in order to manage budgets and appreciate core financial principles.
Who is it for? Managers who need to understand the financial implications of their day-to-day decisions and be more effective with their budget management.
What you will learn:
Addressing the barriers of the jargon in finance that can preclude us from understanding the finance department The annual accounts: understanding the differences and links between the profit and loss (or income and expenditure) account, the balance sheet and cash flow statement with practical work to embed the learning What depreciation is: methods of calculation and what it means in financial terms The behaviour of costs and the importance of fixed and variable costs to decision-making Simple break even, how it helps the business plan for profit and how to calculate it The importance of cash flow to business survival and why profit is not the same thing as cash Working capital: what it is and the importance of effective working capital management Ratio analysis – how we use financial ratios to assess trends and understands their implications for the organization Managerial responsibility: preparing budgets; the 7 steps to successful budgeting; preparing a budget under realistic constraints; monitoring and control of budgets
Benefits of attending – You will be able to:
Understand the basic principles and terminology of finance Feel more confident in asking relevant questions and understanding the answers of your finance department Improve ability and confidence in preparing and controlling budgets
Further development ILM Level 5 Award in Management Duration: 2 days Ref: MFNFM
To book onto this course, or to find out further information, please call 0800 022 3410. All bookings subject to the Capita Terms and Conditions. © Capita Learning & Development