Available as a ½ day classroom session (minimum 4 delegates) or online via Zoom. We can also tailor a course for your needs, please get in touch on 01362 699392. Also available as a CMI Qualification
Finance for Non-Financial Managers Course
Do you ever feel that accounting is a black art and difficult to fathom out?
Then our TIPS for Finance for Non-Financial Managers Course is for you! To give you the basic knowledge about how financial controls work in a UK organisation including P & L Statements, Balance Sheets and Cash Flow. The starting point is to understand the saying: “Turnover is vanity, profit is sanity and cash is king!” and how finance is distributed in a business. A highly interactive session delivered in a brain friendly way!
We will review the Profit & Loss account (P & L) and how this is utilised by management to monitor costs, margins and profit. We will look at the fundamentals of a company balance sheet with some worked examples to give a clear understanding. There will be chance to use a cash-flow control sheet which will be made available as a takeaway for each delegate. We will conclude with understanding some financial terminology including, Return on investment (ROI), Return on capital employed (ROCE), Return on sales (ROS), Mark Up’s, Margins and any other Q & A’s
The specific knowledge and skills included in this course in support of the above aims are:
- Understand a P & L account in a business.
- Understand how a balance sheet works.
- Understand and control cash flow in a business.
- Understand some key financial terminology.
Don’t just take our word for it, read what recent attendees have said about this course