Finance for Non-Financial Managers
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Finance for Non-Financial Managers

One Day Course

Course Aims:
Successful managers need to have an understanding of finance and budgets that will lead to better business decisions. Recent research shows that financial results are the principle concern for managers in today’s competitive workplace. Surprisingly, only half of all managers have their organisations’ bottom line as a main focus.

Everything that can be counted does not necessarily count

By understanding how to read and use financial information on a day-to-day basis will give you the control you need to stay on top of your company finances, ensuring your business remains profitable and successful.

This practical course gives non-financial people the tools and understanding to interpret and use the company’s financial information, accounts and budgets in straight-forward and
non-threatening way.

Course Outline:
The Purpose of Accounting 
- Understanding accounts 
- Recognising the basic framework for accounting

Basic Concepts in Finance 
- Managing Money 
- Asking yourself three questions 
- The Financial Picture 
- How well is your business performing? 
- Analysing and interpreting financial information

Budgets & Forecasts 
- Using your budgets and forecasts as a day-to-day management tool. 
- What management information do they provide? 
- “Where on earth do we start?”

Variance Analysis 
- What is variance analysis? 
- Monitoring Variances 
- Management by exception The Cash-Flow Forecast 
- What is the difference between the timing of the Profit & Loss and the Cash-flow forecast?

Using the Cash Flow Forecast 
- How do you use the cash-flow forecast on an on-going basis? 
- What steps do we take when things don’t go according to plan

What is Break-Even? 
- What is a break-even point, and what impact does it have on your overall profits? 
- What do you need to include when calculating your break-even point? 
- How do you price your products correctly?

Break-Even Graphs 
- Learning how to create and read a Break-even graph. 
- Appreciating the relationship of cost to volume & economy of scale.



 
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Tools
 
Key Details
Duration1 day
 
£235
per delegate
 
 
Bookings Helpline: 01933 233884 (Monday to Thursday - 8:00am to 5:30pm and Friday 8:00am to 5:00pm).