Finance for Non-Financial Managers
1 Day
Introduction
Everything you need to know about business finance for the non-specialist - this course has been devised for anyone who requires practical knowledge of business finance but does not have a financial background.
Programme Objectives
- To read, understand and interpret financial information
- To remove the myths and fears that surround finance
- To understand the financial implications of your plans and decisions
- To understand operating budgets, cash flow, profit and balance sheets
Programme Content
- Business income and expenditure – the terminology
- Direct and indirect costs
- Fixed and variable costs
- Predicting profit
- The financial position of a company
- Assets
- Liabilities
- Capital
- How successful is the business?
- The balance sheet
- Fixed/current assets
- How to interpret information
- Profit and Loss
- The legal requirements
- The Companies Act
- Accounting – standards/concepts/policies
- Analysing company statements
- Forecasting
- Budgeting control and forecasting
- Cash flow forecasting
- Credit Management
- Overview of sales
- Purchase and Nominal Ledger
- Accounting systems of a business