Finance for Non-Finance Managers

• The role of finance
• Finance organisation structure- key roles and responsibilities
• Understanding the language of finance and accounting
• How financial transactions are recorded- process, sub process and transaction flows

The business model

• How money flows into the business
• Sources of long term finance –debt and equity
• The difference between turnover, cash and profit

Understanding key components of financial statements

• Income statement
• Balance sheet
• Cash flow statement

Analysing and interpreting financial statements

• Evaluating the financial health of a company
• Ratio analysis: profitability, efficiency and liquidity
• Reading through the numbers and understanding trends

Day 2

Working capital management and the cash cycle

• The importance of cash cycle
• Managing receivables, inventory and payables
• Sources of short term finance

Management accounting and decision making

• Break-even analysis
• Cost behaviour
• Pricing strategies

Planning, budgeting and forecasting for organisations

• Understanding the budgeting process
• Motivation and the behavioural aspects of budgeting
• Budgeting and forecasting exercise in excel

Capital projects

• The time value of money
• Investment appraisal techniques
• Discounted cash flow
• Net present value
• Internal rate of return

Tools and exercises will be provided so that you can practice the techniques and strategies covered in the course. On successful completion, participants will receive a participation certificate from KnowledgeHut.

• An understanding of basic financial accounting terms and concepts
• A greater understanding of accounting and finance systems and the objectives of financial statements
• Knowledge of frameworks for applying financial analysis to management decision making
• An understanding of basic financial models, key financial ratios and indicators
• Basic planning and budgeting skills
• The confidence and skills to contribute to financial management within their organisation
• An awareness of the role of finance within the larger organisational structure and its contribution to overall business strategy
• A thorough working knowledge of critical financial principles

From the Workshop:

• 16 hours training led by industry experts
• Downloadable e-book
• Case studies
• 60 minute online test with 20 questions
• Participation certificate on successful completion