Finance for Non Finance (1 Day)

Course Aim:

• Have you recently started to manage a new group of individuals and want to ensure you do the right things and at the right time when they manage the business finance?
• Are you empowered to make decisions that run the operations of the business and help balance the books?
• Do you want to make decisions more effectively when you are trying to balance the books?
• Are you lacking confidence when it comes to understanding financial terminology - P&L, accrual, EBIT, bottom line, revenue, dividends etc
• Would you like to develop your knowledge of management accounting techniques to help forecast performance and support decision making?

If any of the above resonates - then this course is absolutely for you!

Delegates will learn skills relating to understand the terminology, realise the need to know the cost of things, how the business runs day to day, month to month, quarter to quarter then year to year.

Target Audience:

Current and aspiring managers who would like to improve their knowledge and understanding of finance and financial management. It aims to help improve the performance of your organisation and the candidate by gaining a better understanding of finance and the way financial information can be used as a management improvement tool.

Course Overview:

• Financial jargon busting
• Describe what being commercially aware is
• Identity how external environments impact on your organisation
• Discuss the concepts of vision, mission and goals - how they are created and then translated to KPIs
• Translate budgets into P&L's - cost classification
• How to understand a P&L and balance sheet