Business Finance Training

Gain a useful understanding of key financial concepts

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Finance for Non-Financial Managers Course

A useful introduction into the world of finance, for non-financial managers.

This comprehensive one or two-day business finance training course explains many essential financial concepts including balance sheets, profit and loss, cash flow, working capital, as well as important financial statements.

This course demystifies the world of finance and provides participants with practical techniques to understand and use financial information within their organisation.

As well as unpacking the financial statements, the course enables spending officials to apply a range of financial tools to manage their budget and appraise projects. The trainer will use real life examples and case studies alongside exercises for delegates to practice what they have learned.

See course overview

This two-day business finance course is ideal for any manager or spending official whose role requires an understanding of finance. This includes:

  • Managers with budgetary responsibilities
  • Officials who oversee any income or expenditure
  • Managers who need to prepare a business case to justify investments
  • Managers whose decisions have financial implications

No prior knowledge of finance or accountancy is required other than a basic knowledge of Maths (GCSE Grade C or equivalent).

The full two-day Finance for Non Financial Managers training course aims to:

  • Demystify business finance terminology, including current assets, non-current assets, working capital and expenses
  • Clarify the difference between profit and cash flow
  • Define the components of a Balance Sheet (Statement of Financial Position), Income Statement (Profit & Loss Report) and Cash Flow Statement
  • Calculate financial adjustments to the Income Statement, including accruals and prepayments
  • Identify the users of financial statements and discuss their needs
  • Use ratio analysis to measure and understand:
    • growth, profitability and return
    • liquidity
    • efficiency (working capital cycle)
    • financial risk
  • Analyse an organisation’s financial performance and recommend suitable actions
  • Understand the stages of the budgetary cycle and consider different ways of setting a budget
  • Prepare the budget for an organisation based on a Case Study scenario
  • Debate the behavioural challenges surrounding the management of budgets
  • Practise applying project appraisal techniques including:
    • Payback
    • Breakeven
    • Net Present Value
    • Internal Rate of Return

See course overview

Day One

Session 1: Business finance

  • Identify and understand sources of capital for a business
  • Consider the uses of capital, including current assets, non-current assets and expenses
  • Explain the working capital cycle and its implications for an organisation
  • Clarify the difference between profit and cashflow

Session 2: The primary financial statements – balance sheet

  • Understand accounting concepts of accruals, going concern, prudence and consistency
  • Define the components of a Balance Sheet (Statement of Financial Position)
  • Calculate the value of assets and liabilities on the balance sheet, including depreciation

Session 3: The primary financial statements – income and cash flow statements

  • Define the components of an Income Statement (Profit & Loss Report)
  • Calculate financial adjustments to the Income Statement, including accruals and prepayments
  • Briefly consider the double-entry nature of financial transactions
  • Define the components of a Cash Flow Statement

Session 4: Using financial statements

  • Identify the users of an organisation’s financial statements
  • Discuss different methods of corporate governance and reflect on their implications on financial statements

Session 5: Analysing financial statements

  • Calculate and analyse ratios to measure:
    • growth, profitability and return
    • liquidity
    • efficiency (working capital cycle)
    • financial risk

Note: There is the opportunity for the organisation’s own financial statements to be used for the analysis exercise.

Day Two

Session 1: Introduction to budgeting

  • Understand budgeting from a broader business perspective
  • Explore the stages of the budgetary cycle
  • Consider different ways of setting a budget, including:
    • Top Down and Bottom Up
    • Fixed / flexible
    • Incremental, zero-based and rolling

Session 2: Preparing a budget

  • Trace the budgeting pyramid through all components of the organisation’s budget
  • Case Study: prepare a budget for an organisation using the information provided
  • Apply the balanced scorecard to highlight non-financial Key Performance Indicators
  • Debate behavioural challenges to setting an effective budget

Sessions 3 – 4: Making the numbers talk

  • Case Study: analyse an organisation’s financial performance against budget and recommend appropriate actions

Note: There is the opportunity for the organisation’s own management accounts to be used for this exercise.

Session 5: Introduction to project appraisal

  • Conduct an initial appraisal of a project using breakeven and payback
  • Categorise the relevant and non-relevant cash flows of a project
  • Understand the cost of capital and demonstrate how it impacts on relevant cash flows

The training will be supported with:

  • Half a day’s consultancy time to personalise the training to meet your organisation’s needs and practices
  • A participant workbook with tips, techniques and space for personal notes. For a sustainable solution, we offer editable workbooks for online use and exercise handouts for printing

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Business finance training - UK pricing

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