PDL Finance for Non-Financial Managers

Course Code: FIN2NFM

Duration

2 Day(s)

Course Type

Private only

Max Delegates

Delivery Style

Classroom

Home » Finance for Non-Financial Managers

An investment in knowledge pays the best interest.

Let's face it, analysing numbers and doing maths might not be your idea of a great night out (otherwise you'd already probably be an accountant) but every manager needs to have a basic grip of figures. Budgets need to be set and managed, cash flows produced and monitored, business cases justified and costs controlled. Understanding finances is not only essential to the day to day running of your team or department, but can greatly aid you in making decisions; as well as becoming more efficient and productive.

Book a Private Event

If you require the content of this event tailored or have around 7 or more people to train it maybe better for you to host a Private Event, please get in touch to discuss this.

Get in touch

Who is this course for

Non-finance professionals at all levels who need to develop an understanding of business finance.

Purpose of the course

To help you understand basic financial documents used in business, learn how to interpret the information in these documents, and use this knowledge to manage day to day business activity.

You will learn how to

Prepare budgets and control costs.

Analyse your costs and improve your expenditure.

Forecast cash flow.

Use financial techniques to demonstrate return on investment.

Explain management accounting terms and their relevance to your work.

Prerequisites

None.

Benefits for you as an individual

Whether you like it or not, as a manager, you will need to have involvement with numbers. By gaining a better grasp of finance and numbers, you will enable yourself to be more effective in your managerial role.

Benefits for your organisation

Having managers which understand the financial make up of an organisation will allow them to make better decisions, ultimately leading to a more profitable and efficient business.

Introduction to Finance for Non-Finance

What is it?
Why is it important?
How a great understanding will help you.

Budgets

Purpose of a budget.

Key terminology.

Setting an effective budget: the techniques - pros and cons.

Identifying costs - fixed and variable, direct and indirect.

Managing a budget - monitoring and analysing.

Techniques for managing costs.

Variance analysis.

Gross margins and operating costs.

Cash flow forecasting.

Pricing strategies, discounting and volume of sales impact on the bottom line.

Capital Expenditure/Project Investment

What is capital expenditure?

Techniques for estimating return on investment (ROI).

Statutory Financial Statements

Financial jargon demystified.
Accrual accounting explained.
Purpose and content of key financial statements: Profit & Loss statements, Balance Sheets and Cash Flow.
Key financial ratios - an introduction to analysing accounts.

Get Started

Forget trawling through endless course catalogues – Find the training that’s right for you

Learn More