Managers in all organisations are often faced with decisions to make which are influenced by, or will influence, the financials of the business.
The course provides you with an overview of essential aspects of finance which will enhance management evaluation skills and an improved ability to affect the financial management of the organisation.
The content is delivered in a way which will enable you to have a greater understanding of the terminology used and the contents of various accounting statements.
During the day you will enhance your understanding of the role of finance, the financial statements, the effects of management decisions on the financials and the key financial ratios pertinent to businesses from an operational point of view. Also included are management aspects of budgeting, costing, pricing and investment appraisal.
This More Advanced Finance for Non-Finance Managers course is available throughout the UK.
CPD Value 5.5 Hours
CPD = Continuous Professional Development (All PTP courses are approved for CPD by the Law Society and meet the standards expected of all professional bodies).
Delegates who attended this More Advanced Finance for Non-Finance Managers course said:
… those in managerial positions whose decision-making will have an impact on the financials of the organisation.
The course is equally suitable for those in the public and private sectors and enables you to prepare better for meetings and making management decisions.
09:30 Coffee & Course Objectives
10:00 - 10:30 Review Understanding of Financial Terms (Translating the language into simple English. What do they mean?)
10:30 - 11:15 Understanding the Financial Reports (The Profit and Loss, the Balance Sheet, the Cash Flow Statement)
11:30 - 12:30 Key Financial Ratios (Profitability, Return on Capital, Capital Turnover, Working Capital: Current Ratios, Debtors Ratio, Business Trends)
12:30 - 13:00 Finance in the Business (The business cycle, planning, target setting, and action to correct problems. What systems and processes are used? The importance of the year-end activities: accruals and reserves.)
13:00 - 14:00 Lunch Break.
14:00 - 14:30 Review of Organisation Measurements (Making the most of your resources and measuring your success criteria; Key Performance Indicators)
14:30 - 16:30 Planning, Budgeting, Costing & Pricing (From Strategy to Planning targets and measurements. Planning systems. Setting budgets. Monitoring and controlling a budget. Plans against actuals. Variance analysis. Defining and classifying costs. Pricing. Impact of Currency.)
16:30 Summary & Action Plans Agreed
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