FINANCE FOR NON-FINANCIAL MANAGERS ©.

Loading Events
  • This event has passed.

FINANCE FOR NON-FINANCIAL MANAGERS ©.

November 25 @ 9:00 am - November 29 @ 2:30 pm

| 2800£

  Introduction:

Business professionals need to understand the financial factors critical to business  This five-day course will help you to develop an understanding of financial jargon, see how your decisions affect your organisation’s financial performance, and improve your confidence when communicating with the finance team.

The tutor will explain common financial terms, explore key ratios, analyse the budgeting process, and examine tools used in future planning and decision making..

 Who Should Attend

Finance for Non-financial Managers training course is for anyone who wants to develop financial knowledge and skills. Whether you’re new to financial responsibility in your role or you need to refresh and extend your knowledge and skills, this course will help you add value to your role. Relevant to delegates working in the public, private and third sectors.

Objectives

By the end of the Finance for Non-financial Managers course delegates will be able to:

  • Explain the nature and role of financial statements and their interpretation
  • Use the language of accounting and finance to communicate effectively with financial professionals
  • Describe the role of the auditor
  • discuss how break even analysis can help their decision making
  • Review the financial performance and financial position of an organisation using the appropriate financial ratio and break-even analysis techniques
  • Use budgetary control to compare actual against planned performance and to identify corrective actions
  • Evaluate investment projects

 OUTLINE

Day1: The Business Environment and the Role of Accounting   

  • The Business Environment
  • The Uses and Purpose of Accounting
  • The Importance of the Accounting Equation
  • The Accrual Process
  • The Difference Between Accounting Profit and Cash Flow
  • The Links between the Cash Flow Statement, Income Statement and Balance Sheet

Day2: Understanding Financial Statements

  • Income Statement or Profit and Loss Statement (P&L)
  • Balance Sheet
  • Statement of Retained Earnings
  • Prepare a Set of Simple Financial Statements
  • Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements
  • Understand How Various Business Transactions Affect the Financial Statements

Day 3: Evaluating a Company’s Financial Statements

  • An Organization’s Liquidity, Leverage and Profitability
  • The Performance of an Organization as Compared to Its Competitors’
  • An Organization’s Performance Compared with Budgeted Goals
  • Identify Sources of Financial Information Beyond the Financial Statements
  • Use the Dupont Formula to Evaluate Management Performance
  • Use the Concept of Economic Value Added (EVA(R)) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business

Day4: Improving Profitability Through Cost Analysis and Profit Planning

  • Differentiate Between Fixed and Variable Costs
  • Help Your Organization Improve Profitability Through the Use of:
  • Break-Even Analysis
  • Contribution Margin Analysis
  • Direct Costing in Appropriate Situations
  • Understand Traditional Cost Accounting and Its Limitations
  • Understand the Relevance of Activity-Based Costing in Today’s Business Environment

Day5: Budgeting More Effectively

  • Understand the Role of Budgeting and Issues That Budgets Can Solve
  • Understand the Budgeting Process
  • Analyze Budgets for Different Purposes
  • Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance
  • What is auditing? and how Making it work?

Fields marked with * are mandatory


For more information send us at:

info@cinpaa.org
or whatsapp or viber:

+34-63-586-76-86