Finance for Non-Financial Managers
Whether you are looking to improve the effectiveness of teams or boost the management skills of individuals, our in-company training provides the ideal cost effective and stress free solution. We can deliver tailored programmes incorporating company data and case studies, or more holistic, bespoke training designed around your organisational needs when and where you want. Delivered for you by industry experts, our in-house courses and qualifications are guaranteed to keep people motivated and improve your organisation’s performance.
This finance course helps to demystify financial management for people who aren’t in financial roles within their organisation.
Reasons to choose Watson Martin
- Our courses are designed to be engaging, interactive and have real impact back in the workplace
- You can measure how much the learning has benefited you – our open courses include online pre, post and eight-week follow up evaluation
- Full course materials are included as standard and you will have online access to a reference manual and course slides
About the Course
WHO IS IT FOR?
Our Finance for Non-Financial Managers course is for managers who need to understand the financial impact of their day-to-day business decisions. Attending this course is crucial for managers who don’t want to or aren’t able to rely on people in specific financial roles.
This training course will also help non-financial managers to gain a better understanding of the financial implications that other decisions within the company can have – good and bad.
WHAT IS IT ABOUT?
The Finance for Non-Financial Managers course explains key concepts that will allow delegates to ascertain what they need to know from financial statements. The course achieves this by providing an understanding of the main financial reports delegates will see within their organisation and ways of interpreting them using basic key performance indicators.
Delegates will learn how to financially appraise capital investments, enabling them to make and justify business decisions without the assistance of people who hold financial roles within the company.
This course can also be taken as part of our CMI Level 5 Certificate in Management and Leadership. You can also achieve a Level 5 Award in Management and Leadership by completing a written assessment after this course. Call us to find out more.
WHAT WILL I GET OUT OF ATTENDING THIS COURSE?
By attending this course you will gain:
- improved understanding of common financial concepts
- analytical skills to interpret key aspects of financial statements
- knowledge of the importance of control over ‘Working Capital’
- improved cost analysis and control
- the confidence and ability to prepare budgets avoiding common pitfalls
- the ability to ask the ‘right’ questions
WHAT TOPICS ARE COVERED ON THIS COURSE?
- The definitions of commonly used financial terms
- The importance of financial reporting – understand statutory, management and third party requirements
- Accounting concepts – profit, cash flow, depreciation and other key concepts
- The financial statements – profit and loss account (Income Statement), balance sheet (Position Statement)
- The impact of taxation
- Working Capital – the importance of control over each component
- Cost analysis – analyse costs using both presentation and relationship bases, including break-even
- Capital Investment appraisal – apply common techniques and be able to evaluate
- Budgeting – avoiding common errors in preparing budgets
- Financial information – common ratios defined, basis of calculation and their interpretation