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Training Course Summary:

This two day overview course has won praise for the straightforward way in which it untangles the web of mystery that surrounds finance in the eyes of many non-financial managers. By so doing it enables them to interact more productively with their finance-based colleagues and exert greater influence on decision making in their organisation.

Who Should Attend:

Suitable for managers who want to gain a clear understanding of the fundamentals of business finance and the financial implications of decisions which they make.

Training Course Overview/Content:

The Nature and Purpose of Accounting

A simple model of an organisation’s accounting framework
Why do accountants have so much influence in business?
How can finance measure the success of business strategies?
Who uses the accounts and what do they use them for?
What are the rules that accountants follow?
Where can I find out about my organisation’s/my competitors’ financial position
Understanding the Basics

Profit and loss accounts
Balance sheets
Accounting standards
Interpreting Financial Information

Interpreting what the accounts tell us
Using financial information as a management tool
Differentiating between cash flow, capital and revenue - how does that help me to interpret accounts?
Looking at ratios to learn some important and powerful facts
How the stock market reacts to published information and how that impacts on share prices
Predicting corporate health by crunching some number
Managing Finance

Understanding working capital
Why too much working capital is bad for you and too little may be disastrous
Optimising working capital for your organisation
Understanding Budgets

New ideas for managing budgets in a changing and unpredictable environment
Budget profiles as a control tool - taking control of the costs
Forecasting the Financial Future

Predicting pricing policy with marginal costing
Evaluating the long-term financial impact of decisions taken now
Choosing between alternative projects when money is restricted
Showing others graphically what will happen in given situations
Personal Development

Formulating an action plan