Finance for Non-Financial Mgrs
In agreement with participants, training will be offered either virtually or in classroom according to Government Covid-19 guidelines
Finance for Non-Financial Managers training will give you a greater understanding of the way finance operates and how it impacts on your business performance. You will be better informed of financial issues and be able to communicate more confidently and effectively with your funders, bank, staff, creditors and contractors
You will learn the fundamental principles of financial management, and how to integrate financial concepts and policies into the management decision and budgeting process.
Financial jargon will be demystified and you will learn how to interpret the main financial statements that you will come across in your business. You will be given the principles of good cash management and shown how to monitor and control cash flows that will result in the efficient running, survival and success of your business.
Finally, you will learn how to assess the working capital of your business and what policies and strategies to implement to help you mitigate risks from credit customers. This course features a series of interactive discussions and case studies to give you practical solutions to everyday business finance issues.
By the end of the training you will be able to:
- Understand the main financial documents and the importance of book keeping
- Interpret the Profit and Loss and Balance Sheet and appreciate the difference between these two financial statements
- Select and calculate the appropriate ratio to analyse and interpret data in the financial statements
- Appreciate the importance of cash in a business and how the cash flow cycle operates
- Know how to prepare a cash flow forecast and how to improve cash flow
- Recognise the difference between cash in bank and profit
- Explain the concept of working capital and why it is critical to a successful business
- Understand credit control principles and the importance of credit management
- Learn how to manage your customer accounts effectively to ensure prompt payment
This course is for anyone who would like an appreciation of the principles of financial management and basic accounting techniques. It is also ideal for anyone who may already have some financial knowledge who wishes to gain greater financial awareness.
Paul is an experienced and qualified accountant with the Institute of Chartered Accountants in England and Wales. He is also a Member of the Chartered Insurance Institute and Personal Finance Society.
Paul has extensive experience in financial and management accounting and is an experienced and successful trainer. As a qualified accountant with 20 years’ experience in both the public and private sector, Paul provides advice and guidance to an SME working in the Arts Industry. He works closely with the SMT to gain an understanding of their individual business as well as the industry as a whole. As Director of Finance and Operations, Paul has worked closely with the MAC senior management team to assist them in setting up and implementing new financial systems and procedures to allow timely good quality data to inform the business planning process.
Please note that the cancellation policy for our public training courses is as follows:
More than 3 weeks prior to the course start date - No cancellation fee payable.
Less than 3 weeks prior to the course start date - 100% of total fees payable or free transfer.
More than 6 weeks prior to the course start date - No cancellation fee payable.
Less than 6 weeks prior to the course start date - 100% of total fees payable or free transfer.
Substitute delegates will be accepted at any time at no cost.
Full joining instructions for the course will be emailed to you at least five working days prior to the course. In the meantime, if you have any queries please contact a member of our team on 028 9016 0587 or via email firstname.lastname@example.org.
Download a copy of our standard Terms and Conditions for course bookings.