Finance For Non Financial Managers

3 Days

Course Overview

Managers often fall behind when it comes to finance. More often than not this is due to a lack of understanding, jargon, fear of finance and figures, and an inability to see the importance of a financial strategy and how it will impact on their behaviour and decision making.

Likewise, managers who are comfortable and competent in understanding and managing the financial aspects of their day-to-day business benefit from improved business skills and performance, internal respect from colleagues and senior management, enhanced external relations, better cash flow management and ultimately improved career prospects.

For those with little or no formal training in finance, this highly interactive three -day programme concentrates on the principles, tools and techniques of financial management. Supported by analysis and practical exercises 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.

Who Will Benefit From The Course?

Managers wishing 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 either at a departmental or company-wide level.

With The Help Of This Course Delegates Will Be Able To:

• Understand the basic principles and terminology of finance and interpreting key financial information
• Communicate and present your financial position and budgets more credibly to your colleagues and board
• Differentiate turnover, profit and cash and understanding the methodologies and language of the finance function
• Read and understand annual reports and company accounts
• Calculate profitability, liquidity and management of working capital
• Understand shareholder value and the stock market
• Evaluate projects from a financial perspective

Key areas to be covered in the programme and the accompanying documentation

Day One:

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 & L account
• The difference between expenditure and capital expense

Balance Sheets and Interpretation
• Content and layout of balance sheets
• Working Capital
• Interpretation: Fact vs. Judgement

Depreciation of Fixed Assets
• Why fixed assets are depreciated
• The different types of depreciation

Day Two:

Cash Flow
• The difference between profit and cash
• Cash flow forecasting
• Cash flow statements

Business Health Check
• Why carry out a business health check?
• Taking 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

Day Three:

Capital Project Appraisal
• Why capital projects should be appraised
• Different appraisal methods

Funding Growth
• How can growth be funded
• What type of funding should be used

Managing Key Financial Ratios
• Short Term Indicators
• Long term Indicators
• Overall Business Performance Indicators

Corporate Valuation
• The indicators used in corporate valuation

Interpreting Company Accounts
• Analysing several sets of accounts
• What are the accounts telling you?
• What actions need to be taken?

Would You Like To Make An Enquiry Or Ask A Question?

Call us for FREE on 0800 849 6732

Email us at enquiries@m-t-d.co.uk

Complete our online form

What Makes MTD Different From The Rest?

Reason # 1

We Will Design And Deliver A Custom Designed Solution Centred Around Your Training Needs And Requirements At No Additional Cost To You.

Reason # 2

Our Courses Are Rated 9.2 Out Of 10 On Our Feedback Forms And 100% Of Our Clients Say That They Would Use Us Again - Your Staff Will Be In Safe Hands!

Reason # 3

We Supply Only The Very Best Trainers For Your Event. We Will Select The Trainer That Has The Highest Skill Level And Experience Relative To Your Requirements. Our Trainers Are Specialists In Their Fields - This Means That Your Staff Receive The Very Highest Standards Of Training Content And Delivery.

Reason # 4

Every Manager That Attends A Course Run By MTD Will Receive Unlimited

Post-Course Email & Telephone Support Whilst They Are Implementing The Techniques And Strategies That They Have Covered On The Course. After All, That's When The Real Work Starts!

Reason # 5

We Offer You Great Value For Money. Our courses start from as little as £695 per day for in-house training. This provides incredible value for money especially when you bear in mind that the cost includes:

• All of the preparation time required in order to gather your requirements and to get an understanding of your training needs.

• The time and expertise required to design and develop your bespoke course

• The delivery of your event by a highly experienced and specialised trainer

• Top quality course materials, manuals, handouts, assessments etc

• Lifetime unlimited email and telephone support after the course

• Providing feedback on the success of the event and on individual training development needs

• Course certificates

Reason # 6

Our Delivery Methods Will Ensure That Your Event Is A Success Or We Will Refund Your Money In Full

Reason # 7

We Provide Flexible Solutions For Your Training Needs. Whether It Be Through A Course, One On One Coaching Or A Management Development Programme, We Can Design A Tailor Made Solution To Exceed Your Expectations