Finance for Non-Financial Managers

This Seminar will enable you to fully comprehend the most important financial aspects of a business and gain a better understanding of how your actions affect your organisation's financial results.

After attending this day, you will know how to decode the language of finance and accounts and understand how to effectively apply this knowledge to improve your company's financial and commercial success

Key areas that will be covered during this Seminar include:

The Role of the Finance Function

• Understanding the full responsibilities of the Financial Function
• An overview of Accounting Terminology and Jargon
• What is Financial Management?

Understanding and Interpreting the Financial Statement

• Review of the Balance Sheet and Income Statement
• Discussing the differences between Assets and Liabilities
• Understanding the importance of Cashflow
• The role and methodology behind different Costs and Costings
• Calculating and using Breakeven Analysis
• How to draw conclusions and trends from Financial Statements
• Using ratio's to check the business performance

Preparing and Managing Budgets:

• Guide to the Preparation of realistic Budgets and Forecasts
• Methods of Managing and Monitoring budgets
• Using budget Variance reports to keep on top of your budgets

This highly intensive 1-day Seminar has been developed with the aim of providing non-financial managers with the basics of finance necessary to interact effectively with the company's accountants and to allow them to make better, informed decisions within their department or area of responsibility.

WHO WILL BENEFIT FROM THIS SEMINAR

This Seminar will benefit a wide range of managers and senior staff. People who have benefited from this course in the past include: