The Fundamentals of Finance for Non-Financial Managers
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Description and objective: For those with little or no formal training in finance, this highly interactive course concentrates on the principles, tools and techniques of financial management. Supported by analysis, practical exercises and teamwork this course will give you the understanding and ability to discuss, present and manage the financial aspects of your business and positively influence the financial factors under your control.
Why should you attend?
Managers often fall behind when it comes to finance. More often than not this is due to a lack of understanding, jargon, fears of finance and figures, an inability to see the importance of a financial strategy and how it will impact on their behaviour and decision making.
Managers who are comfortable and competent in understanding and managing the financial aspects of their day-to-day business benefit from improved business skills, internal respect from colleagues and senior management, enhanced external relations, better cashflow management and ultimately improved career prospects.
Key areas to be covered in the programme and documentation:
The Need for Financial Information
• Why do we need financial information?
• What are the differences between management accounts and statutory accounts?
• Understanding the language of finance, company accounts and annual reports
The Importance of Return on Capital Employed
• Why ROCE is so important
• How to affect ROCE Accounting Principles
• What are the main accounting principles?
• Why and how are they important?
Profit and Loss Account
• The structure of the P and L account
• The difference between expenditure and capital expense Balance Sheet
• Content and layout
• Working Capital
Balance Sheet Interpretation
• Fact vs. Judgement
Depreciation of Fixed Assets
• Why fixed assets are depreciated
• The different types of depreciation
Corporate Valuation
• The indicators used in corporate valuation Business Health Check
• Why carry out a business health check?
• A structured approach to carrying out a business health check
Marginal Performance Improvement
• The importance of marginal performance improvements
• The link between cost of sales, selling price, volume and expenses
Cost, Volume, Price and Breakeven
• How to calculate breakeven
• How to determine a selling price
Debt and Equity
• How to calculate the debt to equity ratio
• Getting the balance right
Capital Project Appraisal
• Why capital projects should be appraised
• Different appraisal methods
Value Added Tax
• How is VAT calculated?
• Submitting a VAT return
Cash Flow
• The difference between profit and cash
• Cash flow forecasting
• Cash flow statements
Benefits to you:
• Understanding the basic principles and terminology of finance and interpreting key financial information
• Communicating and presenting your financial position and budgets more credibly to your colleagues and board
• Differentiating turnover, profit and cash and understanding the methodologies and language of the finance function
• Advancing your career through improved financial understanding of the big picture
• Reading and understanding annual reports and company accounts
• Calculating profitability, liquidity and management of working capital
• Understanding shareholder value and the stock market
• Evaluating projects from a financial perspective
Who should attend?
Managers wanting to gain a clearer understanding of the fundamentals of business finance and how finance impacts on the decisions they make on a day-to-day basis be it at a departmental or company-wide level.
*** A Public Course also delivered as In-Company tailored or bespoke solutions, see www.marcusevanspt.com
Contact marcus evans professional training
| Phone | +44 (0)20 7647 2383 When calling be sure to mention Training Pages
| Fax | +44 (0)20 7647 2261 |
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