Finance for non-financial managers course

 

Financial accounting

Looking for dates/locations/pricing?

Related Courses

one-day coursetwo-day course
A useful introduction into the world of finance, for non-financial managers.
This one or two day course offers comprehensive finance training covering many essential financial concepts including balance sheets and P&L, cash flow, working capital, financial reporting, capital expenditure and forecasting.

Target Audience

This course provides financial training for anyone (at any level) who needs to understand financial management.

Course Aim

The aim of this two-day finance training course is to provide participants with knowledge of the role and principles of budgeting. It also helps delegates to gain confidence in using the basic terminology and accounting principles of financial management, for personal and business success.

It will give an overview of the issues and challenges faced by finance management from both the ‘customer’ and company’s perspective. It should also give the ability to challenge finance and accounting information and an appreciation of the inter-dependence of business functions enabling participants to discuss the commercial performance and challenges within the organisation.

The trainer will use “real life” examples and case studies and encourage participants to work in small groups, working interactively and enjoying the subject!

Course Objectives

By the end of the full two day training course, the participants will have:

  • Acquired an understanding of the sources of financial information
  • Understood the current financial position of the organisation through the review of key concepts of financial information and analysing the financial flow trends
  • Explored the driving forces behind financial information
  • Recognised the importance of cash flow and cash management
  • Appreciated the essence and management of working capital
  • Explored costing concepts and recognised how the controls determine profit
  • Costing: Essential tools for effective management
  • Recognised the importance of planning and budgetary controls
  • Discovered the positive management of cash and the impact of the cash cycle to their operations
  • Enhanced their business communication with leaders by providing a comprehensive awareness on financial and accounting information presented to them
Request a Quote

Course Overview

Day One

  •  Mastering basic financial concepts and accounting process to develop an understanding of the sources of financial information 
    • GAAP – Generally Accepted Accounting Principles
    • IFRS – International Financial Reporting Standards
    • Accrual versus Costing Accounting
    • The ‘Formal’ Management Reports
    • Relating the budgets to the balance Sheet and the P&L
    • Facilitator presentation and group discussion
  • Valuing the key concepts of financial information and analysing the financial flow trends to understand the current financial position of the organisation
    • Financial reporting
    • Company requirements to prepare financial statements
    • The users of management information and accounts
    • Key financial ratios
    • Fundamental principles of accounting
    • Facilitator presentation, group discussion and group exercise
  • Exploring the driving forces behind financial information
    • Free Cash Flow
    • Revenues, Costs and Capital Expenditure
    • The importance of Earnings Before Interest Tax Depreciation and Amortisation
    • The Profit and Loss Statement
    • Principals of capital efficiency ratios
    • Return on Capital Employed
    • Facilitator presentation and group discussion
  • Highlighting the importance of cash flow and cash management
    • Profit is absolutely not cash!
    • The Cash Flow Statement
    • Revenue to Free Cash Flow
    • Increasing Cash
    • Focusing on Pricing
    • From Allocation to Absorption
    • Facilitator presentation, group discussion and group exercise
  • Working Capital: The essence and its management 
    • Calculating Working Capital
    • The Working capital Cycle
    • Working Capital “culprits”
    • Facilitator presentation and group exercise: Enhancing the “flow” of Working Capital

Day Two

  • Defining costing concepts and how the controls determine profit
    • The Language of Costs
    • Variance Reporting
    • The STEEPLE effect
    • Facilitator presentation and group discussion
  • Costing: Essential tools for effective management
    • Capital Budgeting – The Decision Tree
    • The Language of Capital Budgeting and the Discount Cash Flow
    • Different types of costs within the profit and loss
    • Facilitator presentation, group discussion and group exercise
  • Breaking down the barriers between finance and operations department through planning and budgetary control
    • The Master Budget and the Budgeting Cycle
    • From Static Budgeting to Flexible Budgeting
    • Cash and Revenue Forecasting
    • Facilitator presentation and group discussion
  • Discovering the positive management of cash and the impact of cash cycle to your operations
    • Accounting for capital expenditure and fixed assets
    • Capital Expenditure, Fixed Assets and Depreciation
    • Breaking Even
    • The Cash Flow Report
    • Facilitator presentation, group discussion and group exercise
  • Polishing effective business communication with the leaders via comprehensive perception on financial and accounting information
    • Key Financial Management Ratios
    • Facilitator presentation and group exercise
  • Next steps
    • Review of learning and action planning
    • Course feedback

The finance training will be supported with:

  • an optional participant pre-course questionnaire and/or pre-course reading
  • a colour printed workbook with tips, techniques and space for personal notes

View all courses

Written by Kim Larkins

Copyscape © KSL Consulting Ltd. DO NOT COPY content from this page. Plagiarism will result in prosecution.

Download the course overview for finance for non-finance managers, by clicking the link below:

Download PDF (633KB)

*

Overall, I have come away from the course armed with greater knowledge about finance, far more than I expected. It was highly beneficial on a professional and personal level. I would thoroughly recommend it. Trainer was excellent!
*

*

Great introduction into the murky world of finance and finance reporting!
*

*

It is actually the best finance course I have attended so far, as I always found it so hard to grasp finance concepts in the classroom before.
*

*

Very well carried out, the global outlook put things in perspective and not one dimensional.
*

*

Excellent facilitator highlighted key points and principles.
*

*

Trainer was excellent and engaged really well with the team.
Simon Horre, Aftermarket Manager, Greenshields JCB.
*

More customer reviews

KSL Training

4.7 out of 5 stars 4.7/5 stars from 30 reviews on FreeIndex and Google

To request a quote or make a booking, please complete the form below.

Your Name*

Your Email*

Your Company*

Your Telephone Number*

Estimated number of course participants, minimum is 3*

More Information

Enter the characters*
 captcha  here:

Note: Form fields with an asterisk (*) are mandatory. Please complete them in order to submit the form.

Booking Information

Our finance training courses are delivered as “in-house training” at your business premises anywhere in the UK, or at a venue of your choice.
Contact us for pricing or to discuss your needs.

Training Dates

Flexible to suit client needs.

In-House Training Locations

We offer in-house training covering finance for non finance managers right across the UK, with local trainers in the following locations:

  • London and the South East
  • Cambridge
  • Exeter
  • Norwich and East Anglia
  • Leeds and Bradford
  • Oxford and Swindon
  • Manchester and the North West
  • Southampton and Bournemouth
  • Birmingham and the Midlands
  • Nottingham
  • Bristol
  • Cardiff and South Wales
  • Devon, Cornwall and the South West
  • Newcastle
  • Glasgow and Edinburgh, Scotland

A few of our clients...