Finance for Non-Financial Managers
Who should attend
Anyone from a non-financial background who needs to use internally generated accounting information.
Anyone who has responsibility for preparing and/or controlling budgets.
Anyone who has responsibility for projects and needs to understand and present the financial implications of those projects.
Anyone running their own business who would like an intorduction to some of the main ways in which financial information can help improve the performance and stability of the organisation.
The course does not cover double entry - please see our separate course Understanding Double Entry
If your aim is to understand the Financial Accounts published by companies our separate course Understanding Accounts for Non-Accountants would be more appropriate.
Aims of the course
To ensure delegates understand:
Essential financial terminology
The key financial documents and what to look for in these
How to prepare and analyse budgets
How to analyse the financial implications of a project
Course content
Key financial terminology explained in an easy to understand way
Profit & Loss Account, Balance Sheet and Cash Flow Forecasts
What are they? What do they tell us? How are they linked together? What figures are the most important?
Profit vs Cash - which is the real measure of success
3 ways to increase profit
Budgets & Projects
What costs to include and what costs to exclude from any budget
Understanding Fixed Costs and Variable costs
Understanding Direct and Indirect costs
How to account for large items that may last more than one year
When to actually count a Sale as a Sale
Should VAT be included in the figures?
Do Debtors/Creditors/Stock levels affect profit?
What about the "Opportunity Cost"
How to decide if a project is worthwhile
How to compare doing a project yourself or outsourcing it
Hidden costs
Putting a value on non-financial aspects of a project - eg "the staff are happier"
Comparing budget to actual
Should you look at the percentage difference or the actual amount of the difference?
Flexing a budget if the circumstances change
How to quickly check if a budget appears reasonable
2 essential ratios to consider
Trainer Ken Taylor FCA / Geoff Wood BSc ACA
Dates 21 Jun 2007,9 Oct 2007
Time 9.30 - 5.00
Location 100a Chalk Farm Rd London NW1 8EH
Fee £250 + VAT or 4 'Block Booking Places' (from £200 + VAT)