Finance for the Non-Financial Manager: Aims & Objectives

Finance for the Non-Financial Manager is developed specifically for Business Owners, Proprietary Directors and Senior Managers who have not already had the benefit of finance training. For those who wish to understand the key issues of effective Financial Management and how they can effect improved systems of Financial Management for their own business or to review Financial Statements for other businesses, this finance management training is of immense and immediate benefit.

On completion of the Finance for the Non-Financial Manager course, you will have an understanding and ability to interpret figures and financial accounts, for your own business and for other businesses. This will enable you to analyse and manage performance, improve the basis of decisions and be in a position to question and challenge financial reports presented.

The course is fully participative and the opportunity is taken to “learn by doing” This enables you to analyse and review relevant business financial statements.

 

Each Finance for the Non-Financial Manager course is amended and customised so that it best meets the needs of the host group. You are encouraged and expected to develop and use your own material so that the skills learnt and developed are of maximum benefit and immediate application to your own business.

The ideal number of participants ranges from eight to twelve, though larger and smaller groups can be catered for. Course Duration is two days, though best results are effected through four half-days. Courses can be run on or off site as required.

If you wish to learn more or to develop a proposal on a Finance for Non-Finance Managers to meet your specific needs, please call 01 8439114 or email Contact@knowledge.ie

 

Finance for the Non-Financial Manager: Course Content

Understanding the basics of accounts.

  • Assets and Liabilities.
  • Accounting principles and conventions.
  • Management and audited accounts.

How to read and understand a Balance Sheet.

  • Fixed Assets.
  • Current Assets.
  • Current Liabilities.
  • Long-term Debt.
  • Equity Employed.

How to read and understand a Profit & Loss Statement.

  • Sales and Revenue.
  • Gross Profit and Operating Profits.
  • Direct and Indirect Expenses.
  • Impact of Accruals and Prepayments.

How to read and understand a Cash Flow Statement.

  • Cash versus Profit.
  • Cash generated from Operations.
  • Sources and Uses of Funds.

Analysis and Interpretation of Accounts using key ratios.

  • Profitability Ratios.
  • Stability and Liquidity Ratios.

Budgeting and Financial Planning.

  • Breakeven Analysis.
  • Budgeting Process.
  • Contribution and Profit.

Investment Appraisal for Capital Projects.

  • Issues for Investment.
  • Financial Appraisal
  • Matching Assets and Funding.

Key Questions to Ask & Answer.

  • Key questions that should be asked and why.
  • Key questions that you should be able to answer and why.