:: Finance for Non- Financial People
This course is currently not planned for the near future. To express your interest in this course please contact us
Understanding the financial implications of decisions in the work environment is critical to organisation success.
Many people are required to spend considerable sums of money and make significant financial decisions unaware of the full implications of their decisions on the bottom line.
This 1 day course provides the backdrop to the financial structure of organisations and will introduce people to many of the financial concepts and terminology of their business.
:: Aimed At
This 1 day course is aimed at: Those who have had no formal experience of management accounting or financial management and provides
a non-technical understanding of the financial structure of your company and an introduction to many of the financial concepts and terminology of the business.
the understanding and confidence to review the financial statements including Profit & Loss, Balance Sheet, Funds Flow and to engage more effectively with financial management or your accountants.
A set of tools to help you easily keep track of the key financial performance measures of your business on an ongoing basis
:: Course Objective
It will also help you answer some of the following questions
How are my profits calculated
How to price your products & services for profit
How do I manage my Cash Flow
How should I prepare budgets
What is working capital
which project should I invest in - many choices but limited funds
:: Course Content
The course will be tutor led and involve breakout activities, group discussion and exercises. Participants will be expected to contribute their experiences to date and also engage in the learning activities.
Topics covered on this course include
Funds flow statement
Profit and Loss, gross profit, dividends, retained earnings
Balance Sheet, Assets and Liabilities, Fixed/current assets, creditors and Accruals
Sources and application of funds
Management Accounting
Types of Costs - fixed, variable costs, breakeven and contribution, ABC
Management of working capital cycle - stock, debtors, creditors, cash
How to price your work for profit and include all costs
Budgeting and financial control techniques
Forecasting and planning
Project evaluation & risk many choices but limited funds - which project to invest in
Signs of an unhealthy organisation.
:: Planned Outcome
At the end of the course the participant will have/be able to
.
Understand the financial implications and background of their organisation
Improved the skills necessary to interpret the main financial statements
Understand the working capital cycle and the implications of their decisions
Appreciate the concepts of risk and capital project appraisal
Recognise the need to prepare cash forecast and annual budgets