Presented by
Falconbury
Finance for the Non-Financial Manager
Sharpen your financial skills and boost your core effectiveness in 8 on-line modules each requiring between 3 to 4 hours study to be completed in your own time
- 10 Modules
Course overview
Sharpen your financial skills and commercial awareness with this 8 module, self-managed on-line course
The ‘Finance for Non-financial Manager’ online course is specifically designed to provide the skills you need to increase your financial awareness. It will improve your understanding of the language of finance, give you greater confidence when talking with your financial colleagues and show how your business can directly affect the overall commercial operation and financial results of the company.
How does this on-line programme work and what do you get?
- Course access from anywhere through your own personal login and administration suite
- Keep track of your progress as you go
- Easy to use note taking and bookmarking facility to return to areas of interest and re-study
- At your convenience: at your desk, from your tablet or from your home computer
- An optional on-line multiple choice assessment at the end of the course for you to ensure you are satisfied with the completion of your training
- Certificate of completion awarded for your training records
Course benefits include
- A ‘no jargon’ approach to boosting your working knowledge of the figures
- How to apply your enhanced financial understanding to positively impact performance
- An analysis of the key indicators which can show you how healthy your business is
- Boosted confidence when reviewing the figures with your financial colleagues or boss
- A Succinct module on what the financial rules are and why we need them
- A solid grounding in budgeting and cost control to ensure targets are met
- Knowing what figures you can believe in, analyse and use to make effective business decisions
Designed for
- Managers
- Team leaders
- CEOs of SMEs
- Office managers
- Department heads
- Commercial managers
The Finance for the Non-Financial Manager course will cover:
- MODULE 1 - Demystifying finance
- Introduction
- Content and structure
- Difficulties in studying accounting
- Structure and content detail
- Balance sheets: Part 1
- What is a balance sheet?
- What do balance sheets reveal?
- Interpreting balance sheet profiles
- Balance sheets: Part 2
- Balance sheets: structure and contents – UK
- Interpreting the balance sheet
- Balance sheets: structure and contents – US
- Consolidated balance sheet
- Balance sheet of a telecommunication company plc
- Self-assessment
- Introduction
- MODULE 2 - How healthy are we? The two key indicators
- Profit and loss accounts: Part 1
- What is a profit and loss account?
- What do profit and loss accounts reveal about a business?
- Profit and loss accounts: Part 2
- Profit and loss accounts in published or statutory accounts
- US revenue or income statement (P & L account) structure and contents
- Cash flow statements: Part 1
- If there are profits there must be cash
- Cash flow statements
- What can cash flow statements tell us?
- Cash flow statements: Part 2
- Published cash flow statements
- Definitions
- Compiling and interpreting a cash flow statement
- Interpreting cash flow statements
- Consolidated cash flow statement
- Self-assessment
- Profit and loss accounts: Part 1
- MODULE 3 - The importance of records and systems
- Accounting records and systems: Part 1
- Why have accounting records?
- Distinction between accounting systems and accounting records
- Accounting records and systems: Part 2
- Accounting systems and procedures
- Classic ledger structure
- Why have internal controls?
- Sales system
- Purchase system
- Wages system
- Audit function
- Self-assessment
- Accounting records and systems: Part 1
- MODULE 4 - Concepts, policies and standards
- Accounting concepts, policies and standards: Part 1
- Why do we need concepts and rules?
- Fundamental accounting concepts
- Fundamental concepts in operation
- Accounting policies
- Accounting concepts, policies and standards: Part 2
- Accounting standards
- Detailed accounting policies
- Developing accounting policies
- A contractor
- A travel agency
- Creative accounting
- Creative accounting illustration
- Managing your working capital
- How to manage your working capital
- Conducting break-even analysis
- Self-assessment
- Accounting concepts, policies and standards: Part 1
- MODULE 5 - Interpreting the accounts
- Interpretation: Part 1
- Ratio analysis
- Interpretation: Part 2
- Detailed ratio analysis
- Profitability ratios
- Asset turnover analysis
- Stock market measures
- Detailed performance measurement – bench marking
- What is bench marking?
- External analysis
- A source of intelligence
- Self-assessment
- Interpretation: Part 1
- MODULE 6 - Cash budgeting
- Cash budgeting: Part 1
- Cash flow forecasts
- Outline of a simple cash flow forecast
- Cash budgeting: Part 2
- What is capital expenditure?
- Cash flow forecasts
- Non-discounted measures
- Discounted cash flow techniques and measures
- Sensitivity analysis
- Costing for planning: Part 1
- What is costing?
- Costing for planning
- Costing for planning: Part 2
- Detailed planning and break-even analysis
- Self-assessment
- Cash budgeting: Part 1
- MODULE 7 - Controlling those costs
- Costing: Part 1
- Full costing – coping with overheads
- Problems of overhead allocation
- Dealing with the problems
- Costing: Part 2
- How detailed should costing be?
- Activity based costing
- Volume – Cost – Profit relationship
- The contribution approach
- Product and service pricing
- Cost profiling
- Self-assessment
- Costing: Part 1
- MODULE 8 - Figures we can believe in? The budget
- Budgeting: Part 1
- Glossary
- Introduction – the operating budget
- Why budget?
- Budget stages explained
- How to budget
- Budgeting: Part 2
- Introduction
- Setting budget objectives
- Where do budget objectives come from?
- Budget objectives and company culture
- Budgeting systems and techniques
- Cash management
- Introduction
- Debtor management
- Prompt invoicing
- Creditworthiness
- Credit limits
- Eliminating excuses
- Prompt-payment discount
- Requesting payment
- Telephone follow-up
- Further action
- Stock and work-in-progress management
- Creditor payment
- Overhead costs
- Adequate finance
- Using ‘paper’
- Sale and leaseback of freehold properties
- Asset leasing and hire purchase
- Debt factoring
- Fixed-term loans
- Bank overdraft
- Monitoring cash flow
- Bank contact
- Profit management
- Introduction
- Variable costs
- Fixed costs
- Marginal profit
- Break-even point
- Product and service profitability
- Customer profitability
- Marginal-pricing danger
- Business development
- Introduction
- Vision statement
- Quantum leap approach
- Taking stock
- Strategic options
- Organisation structure
- Business-development projects
- Strategic workshops
- Self-assessment
- Budgeting: Part 1
- Final Assessment
- Course evaluation
Stephen Brookson
Chequered Leopard Ltd
Stephen Brookson is Managing Director of his company, New City Consulting, which specialises in the provision of practical business development consultancy and training programmes.
He qualified as a Chartered Accountant in 1980 with Peat Marwick and after a period at Grandmet plc, he joined a leading organisation in the provision of training for chartered accountants in practice. During this time he gained extensive experience of writing, developing and presenting programmes on accountancy and taxation. He then joined Ernst & Young for a number of years as a consultant, leaving them to set up his own management and training consultancy business.
He has presented numerous seminars and training events in both the public and private sectors, in the UK and overseas.
Paul Elkin
The Management Matters Partnership
Paul M Elkin is Managing Director of TMMi group, which provides consultancy services with a particular focus on business strategic development, performance management and corporate image. He is a Fellow of the Chartered Institute of Management Accountants and an experienced Management Consultant. After 15 years in a range of senior management roles in both public and private sector industry with UK and US businesses plus three years with Price Waterhouse, Management Consultancy Services, he formed the TMMi group at the end of 1989.
Paul’s personal career and, in particular, recent consultancy experience have provided the opportunity to work with a wide range of UK, European and US businesses. The nature of the involvement with each business has varied considerably according to their particular needs.Paul is the author of a series of practical ‘reference guides’ covering finance, strategy and business awareness and supports the delivery of MBA programmes in the areas of strategy and finance. He has also been involved in a range of initiatives in Europe for major corporates including ABB, Philips, International Paper and General Motors.
Sultan Kermally
Management Development Consultant
Sultan Kermally holds degrees in economics, sociology and law and diplomas in finance and accounting, marketing and education. He is a learning facilitator and management writer.
Barrie Pearson
Barrie Pearson is Chief Executive of Realization. The company provides world class coaching and mentoring to entrepreneurs and chief executives in wealth creation and personal development. He is the author of 12 books, and has presented many successful seminars on corporate finance in the UK, Europe, New Zealand and the Far East.
Ralph Tiffin
Tiffins Consultancy Ltd
Ralph Tiffin was a mechanical engineer who subsequently qualified as a Chartered Accountant and became manager in one of the largest international firms of accountants. He is now managing partner of an accountancy and consultancy practice. He has a wealth of experience with companies of all sizes in the UK and overseas. His work typically involves developing clients reporting and management systems, along with appropriate management training and developing project appraisal processes and spreadsheets.
Enrol on Finance for the Non-Financial Manager training
Full course
Course code 5018
- GBP 200.00 +VAT
- EUR 280.00 +VAT
- USD 312.00 +VAT
- Browser-based online learning
- Take the training at your own pace
- Receive a certificate of completion upon passing the assessment
- Follow progress if purchasing on behalf of your colleagues
- Questions? Read our FAQs or contact us
