Finance for Non-Financial Managers
Book Now - 3 Delivery Methods Available:
Classroom Virtual Classroom Private Group - Virtual Self-Paced OnlineOverview
Managers today are increasingly expected to understand and manage the finances in their area and often participate in financial decisions such as business cases and budget reviews. However Finance, like most professions, has its own jargon and terminology together with some processes and principles which often seem at odds with how we would manage our personal finances. This makes it confusing for non-finance people to understand how finance operates within organisations and prevents them from engaging in financial discussions and activities.
Common concerns we hear include:
- I don’t understand the financial jargon
- How can I get a better understanding of financial terms and principles?
- How can I better understand how finance works in my organisation?
- How can I feel more in control of the financial aspects of my role?
This course is designed to ‘de-mystify’ the world of finance and provide you with the confidence and competence to engage in financial activities in a way which demonstrates an understanding of the way finance is measured, the documents and statements which communicate it and the business conditions which drive financial decisions.
Objectives
- Identify the role and importance of Finance within organisations
- Recognise and describe some of the common terms and jargon that are used
- Identify the elements of the Profit and Loss Account and Balance Sheet
- Find out about the tools that are used by the external market to judge organisations
- State the key distinction between profit and cash
- Recognise how organisations identify the drivers of their financial performance
- Learn about the key techniques within management accounting, specifically costing, cash flow and budgeting, and how they are used to forecast performance and support decision-making
Target Audience
This course is for all non-financial managers, as well as people in other roles, who want to develop a better understanding of how finance operates in their and other organisations, for example to:
- ‘Talk finance’ with finance specialists, finance teams and the CFO
- Better understand the costs and finance of your team and organisation
- Better understand financial reports and statements
- Manage a budget with greater understanding
- Prepare better business cases and carry out investment appraisal
- Make better decisions, informed by the figures
Modules
Prerequisites
Delegates should come with a clear idea of how they want to use their financial knowledge back in the workplace and with copies of any documents they regularly use, for reference and discussion.
Scheduled Dates
Please select from the dates below to make an enquiry or booking.
Pricing
Different pricing structures are available including special offers. These include early bird, late availability, multi-place, corporate volume and self-funding rates. Please arrange a discussion with a training advisor to discover your most cost effective option.
Code | Location | Duration | Price | Feb | Mar | Apr | May | Jun | Jul |
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MPDFNFM-1 |
Virtual Classroom (Virtual On-Line)
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2 Days | $1,860 |
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