Finance for Non-Financial Managers

Duration 1 day

Everything you need to know about business finance for the non-specialist

This one-day course has been devised for anyone who requires practical knowledge of business finance but does not have a financial background.

You will learn:

- 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

Course 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

Essential Tools for Managers
Excellent – the most useful and relevant course I’ve ever attended

Permastore

Building an Effective Team
Very interesting and I saw things in myself that I didn't know were there

Colchester Borough Council