Finance for Non Financial Managers Workshop

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  • Southampton - Solent (Whiteley)
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  • 30-11-1999
Price (exc vat): £650
PrintDURATION: 2 days
TIME: 09:30 to 16:30 GMT

Finance for Managers | Finance jargon explained | Finance training course | Don't stay in the dark when it comes to understanding financial reports. Book this course and let our professional finance trainer explain everything.

About Finance for Non Financial Managers Workshop

Finance for Non Financial Managers

Managers are often asked to make decisions or manage budgets which will impact upon the financial performance of a business without having received adequate financial training.  This course is for non financial managers who require a sound understanding of finance, enabling them to participate confidently in financial discussions and decision making.  During this short course you will get an insight to both financial and management accounting principles, the interpretation of company accounts, cash flow management and budgeting.  In addition it covers the basis upon which financial cases can be built and judged and would benefit someone wanting to improve their confidence with financial terminology and the use of standard accounting reports.

If time permits we can interpret key components of your company’s accounts during the course. This exercise can be very enlightening.

Is this course for you?

If you are a non-financial manager e.g. sales, marketing, operating, distribution, administration, business managers, project managers, new budget holders and if your work involves an appreciation of finance, budgets, cashflow and accounting methods.

Course Includes

  • Lunch and Refreshments – let us know if you have any special dietary needs. [Excluding London]
  • Certificate on completion
  • Post course support

Aim & Objectives

Aim

  • To give delegates an introduction to the finance function and sufficient knowledge of accounting to enable them to contribute to financial decision making.

Course Objectives

By the end of the course you will be able to:
  • Understand fully all the major financial statements
  • Fully comprehend how financial statements illustrate business performance
  • Recognise the key elements within a balance sheet and a profit and loss account
  • Appreciate the vital impact of liquidity, cash flow and working capital
  • Analyse financial information to assess business performance
  • Identify the key elements in budgeting/forecasting, their importance and their impact
  • Distinguish between the different cost systems
  • Demonstrate break even analysis
  • Apply financial skills to project management to assess viability and potential

Course Content

Accounting law, governing legislation and legal entities
Accounting definitions – clearing out the jargon and de-mystifying financial accounts
The balance sheet, profit and loss account, cash flow and working capital in detail
Depreciation and amortisation
Capital and Revenue expenditure
The difference between profit and cash
Cash flow statements
Cash flow forecasts
Financial analysis techniques – working capital requirement, business performance
Accounting ratios and their application.  Critical performance measures: gearing, liquidity profitability
Investment decision making: Return on Capital Employed (ROCE), Internal Rate of Return (IIR), Net Present Values (NPV), Return on Investment (ROI)
Cost types and their behaviour
Fixed and Variable costs
Break even and variance analysis
The whole budgeting process

The causes of corporate decline

Video Testimonials

Client Testimonials

  • Name: Chelsea B.Company: More on Reviews.co.uk

    APM PFQ (Introductory Certificate) course review

    The PFQ (APM IC) was for me a good introduction into understanding the ‘Project Management’ world better. It helped me to identify areas and processes that I am not yet familiar with but I now have more confidence in tackling. Passing this course has further confirmed that I do want to go on to study for the APMP qualification. Chelsea B.

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  • Name: Simon M.Company: Career Change

    PRINCE2 Foundation and Practitioner course review

    I attended the project management qualification in December (having already attended the PRINCE2 course in November). Although a challenging subject, I found that the training was engaging because there was adequate time to not only listen but to also give examples and hear examples from other individuals from the class. This aids to help people’s understanding or misunderstanding in some cases and help breakdown the subject into easier chunks. It also helps that IPSO FACTO have in my opinion some of the most experienced instructors in the country, meaning that if you just don’t get something they bring their personal experience into the story to help your understanding. Simon M.

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  • Name: Rebecca SCompany: More on Reviews.co.uk

    PRINCE2 Foundation and Practitioner course review

    I just wanted to write and say how much I enjoyed the PRINCE2 course last week. The whole Ipso-Facto experience was brilliant, from your prompt help in providing information to determine whether the course was going to be right for me and arranging for Tim to call me, through registration and the quality of the preparation materials sent out, to starting the course with Julia Gosse. Julia is a fantastic trainer who not only clearly has bags of experience in project and business management but is also a very highly skilled trainer. Whilst there was a huge amount to learn, she made it easy to absorb and tolerated enormous amounts of questions with patience and kindness.

    The venue was easy to get to and we definitely appreciated the surroundings including the lovely cafe for lunch and the lake. I will definitely recommend Ipso-Facto as a local training provider and will come to you first if you are running courses I am interested in for the future.

    Oh and I passed both foundation and practitioner exams! [Rebecca S]

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  • Name: Amanda MCompany: Hampshire Fire

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    I attended the two-day Microsoft Project Level Introduction/Intermediate. The course was delivered very professionally with plenty of time to recap and understand each aspect. The environment and facilities were also of a high standard. [Andy]

    I attended the course for two days and Tim was a great trainer, clear explanation of concepts. I have learned some good techniques for better time management and using of resources. Highly recommended. [Daniel C]

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  • Name: Scott SellarsCompany: More on Reviews.co.uk

    APM Project Management Qualification (PMQ) course review

    I completed the PMQ course through IPSO FACTO and they were a pleasure to work with from the moment I first made an enquiry. Every piece of course administration was made simple for me and the classroom facilities were just perfect. The course instructor was professional, knew the subject very well and focused our learning in a practical way to help put it into perspective. Overall, a very professional experience and I would recommend IPSO FACTO as a quality training company. Thank you. [Scott Sellars]

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  • Name: Kirsty R.Company: More on Reviews.co.uk

    Microsoft Excel level 2 course review

    The Excel Level 2 course was brilliant. Having not had much experience of using Excel, I wasn’t sure how much I’d learn but Tim the course tutor was great and went at a good pace, making sure I understood as we went along. I learnt things I wouldn’t have had a clue about before including; Conditional Formatting, Range Names, Pivot Tables, IF Functions, Vlookups and a range of shortcuts to make daily tasks much quicker. I’m looking forward to putting It into practice. Would definitely recommend!  Kirsty R.

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  • Name: S.W.Company: NATS - Air Traffic Control

    Microsoft SharePoint course reviews

    We’ve completed a range of Microsoft Office SharePoint training courses for users, super-users and developers across our organisation. The training has been highly successful and beneficial to our staff at NATS. Duncan the trainer was very patient and knowledgeable and we would recommend IPSO FACTO for all your Microsoft SharePoint training. Stuart W.

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