Finance for Non Financial Managers

• Introduction, welcome, house-keeping and ice breaker
• Overview of the programme
• Understanding financial fundamentals – income, expenditure, assets, liabilities
• Creating and maintaining accounting records
• Understanding key financial statements and how they are produced from accounting records:
• Balance Sheet
• Profit and Loss Account
• Cash Flow Statement
• Statement of Retained Earnings
• Understanding common accounting concepts
• What financial levers can a company use to improve performance?
• Description of common accounting ratios and measures, and how to use them to perform financial analysis

• How do organisations raise funds? – description of the concept of gearing
• Use of financial information as a management tool for improvements
• The different uses of the budget as a control mechanism, forecasting tool and management weapon!
• Practical budgeting activity – managing the budget
• Variance analysis
• Activity based costing
• How to evaluate the expected rate of return for alternative projects
• Appraising investment opportunities and ranking capital investment alternatives
• Discussion of the concept of the ‘time value of money’
• Presenting financial information in an accessible and engaging manner

Available Packages:

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2 days

Folder, workbook, handouts, pen and certificate of attendance

To suit you

Up to 12

Righttrack programmes are energetic, exciting and highly participative, which create an impact and motivate participants to learn and embrace change

We utilise a blend of learning methods: practice sessions, group workshops, scenario-driven learning, assignments, self managed learning, shared group learning, accelerated learning and structured group learning