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
  • Short and long term
• Budgeting control and forecasting
• Cash flow forecasting
• Credit Management
  • Overview of sales
  • Purchase and Nominal Ledger
  • Accounting systems of a business