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Finance for Non-Financial Managers

Duration 1 day


Everything you need to know about business finance for the non-specialist

This one-day course has been devised for anyone who requires practical knowledge of business finance but does not have a financial background.

You will learn:

  • To read, understand and interpret financial information
  • To remove the myths and fears that surround finance
  • To understand the financial implications of your plans and decisions
  • To understand operating budgets, cash flow, profit and balance sheets


Course Content

Business income and expenditure – the terminology

Direct and indirect costs

  • Fixed and variable costs
  • Predicting profit


The financial position of a company

  • Assets
  • Liabilities
  • Capital


How successful is the business?

  • The balance sheet
  • Fixed/current assets
  • How to interpret information
  • Profit and Loss


The legal requirements

  • The Companies Act
  • Accounting – standards/concepts/policies
  • Analysing company statements


Forecasting

  • Short and long term


Budgeting control and forecasting

  • Cash flow forecasting
  • Credit Management
  • Overview of sales
  • Purchase and Nominal Ledger
  • Accounting systems of a business
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