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Finance for Non-Finance Managers (2 Day)

4.6 out of 5 rating

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Duration

2 Days

12 CPD hours

About this course

Those who need to understand the financial implications of their day-to-day decisions to increase the profitability and performance of their business. This course is suitable for managers with little or no financial knowledge.

Overview

Understanding of financial accounts and reports
The ability to use and understanding of financial concepts
Analytical skills to interpret financial results using ratios
Ability to manage budgets more effectively

Description

This course shows how to interpret key financial statements highlighting the questions and areas that matter. It identifies warning signals that managers need to be aware of and shows how to understand key performance indicators to drive profitability. The course will also cover the essentials of budgeting and forecasting as well as addressing key financial terms such as goodwill and accruals & prepayments. Delegates will learn how to appraise capital projects with confidence, allowing them to make the best decisions for their business.

Course Outline
  • The basics of finance:
  • How companies are financially structured
  • Accrual v cash accounting
  • The Business Cycle: understand how money flows in a business
  • How businesses are financed: debt and equity
  • Business objectives: using financial data to achieve business targets
  • Key Financial Statements:
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement
  • Key Financial Analysis Ratios
  • Profitability: profit margins, EBIT & EBITDA, operational gearing
  • Return on Investment: ROCE, ROA
  • Leverage: financial gearing & interest cover
  • Liquidity: current & quick ratios
  • Cash Flow: working capital requirement
  • Working capital management
  • Cash flow management
  • Key financial terms goodwill, accruals & prepayments, depreciation and amortization
  • Cost analysis, control and reduction
  • Capex v Opex
  • Effective Budgeting and Forecasting to control the business
  • Management Accounts and undertaking variance analysis
  • Improving margins and sales in your business
  • Break even analysis
  • Capital Investment techniques NPV, IRR and discounted cash flows
  • Asset Valuation
Additional course details:

Nexus Humans Finance for Non-Finance Managers (2 Day) training program is a workshop that presents an invigorating mix of sessions, lessons, and masterclasses meticulously crafted to propel your learning expedition forward.

This immersive bootcamp-style experience boasts interactive lectures, hands-on labs, and collaborative hackathons, all strategically designed to fortify fundamental concepts.

Guided by seasoned coaches, each session offers priceless insights and practical skills crucial for honing your expertise. Whether you're stepping into the realm of professional skills or a seasoned professional, this comprehensive course ensures you're equipped with the knowledge and prowess necessary for success.

While we feel this is the best course for the Finance for Non-Finance Managers (2 Day) course and one of our Top 10 we encourage you to read the course outline to make sure it is the right content for you.

Additionally, private sessions, closed classes or dedicated events are available both live online and at our training centres in Dublin and London, as well as at your offices anywhere in the UK, Ireland or across EMEA.

Training Insurance Included!

When you organise training, we understand that there is a risk that some people may fall ill, become unavailable. To mitigate the risk we include training insurance for each delegate enrolled on our public schedule, they are welcome to sit on the same Public class within 6 months at no charge, if the case arises.

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Find out more about this course

Interested in alternative dates? Would like to book a private session of this course for your company? Or for any other queries please simply fill out the form below.