The Course Suits

Managers who need to know more about finance to improve their planning, costing and budgeting skills.

The course is suitable for those in both the private and public sectors from small and medium sized enterprises to multinational corporations.  It is designed for all those who are affected by the ‘finances' at work.  It enables you to go back to your workplace and have a greater ability to ‘read the figures'.  You will be given the tools to discuss financial aspects.

You will share the day with others who have a similar level of understanding as you and the programme will be delivered in a very open and interactive format.  You will also need to bring a calculator so that you can work out some of the key measurements and financial ratios during the day.

Training Benefits

• An understanding of the difference between the business managers role versus the role of the accountant
• Knowledge of profit/loss, balance sheets and cash flow
• Competence in planning, monitoring and controlling a budget

Course Timetable

09:30 - 10:00 Coffee & Course Objectives

10:00 - 10:30 Understanding The Role of ‘Finance’ (The roles of the Finance Department and the non-finance manager; basic financial implications)

10:30 - 11:00 Financial Terminology De-mystified (Translating into plain English - what do they mean?)

11:00 - 11:15 Coffee break

11:15 - 12:30 Understanding the Financial Reports (Assets, liabilities, income and expenditure; The Profit & Loss account; the Balance Sheet; the Cash Flow Statement; cash and profit)

12:30 - 13:30 Lunch Break

13:30 - 14:15 Key Financial Ratios (Profitability; Return on Capital; Capital Turnover; Working Capital; Current Ratios; Debtors Ratio; Business Trends)

14:15 - 14:45 Finance in the Business (The business cycle, planning, target setting, measurements. The     importance of the year-end activities: accruals and reserves. The importance of Expense Control)

14.45 – 15.00 Tea

15.00 – 15.45 Budgeting, Costing & Planning (Planning a budget. Monitoring and controlling a budget. Plans against actual. Variance analysis)

15.45 – 16.15 Costing and Pricing (Methodologies, break-even points)

16:15 - 16:30 Summary & Action Plans Agreed