Finance For Non-Finance Managers - 2 Days

Overview: Finance For Non-Finance Managers

This practical, straightforward course demystifies business finance for non-finance managers, enabling you to make financial decisions with confidence and understand the world of management and financial accounting with greater clarity.

As a result of this course, you’ll feel equipped to be more financially proactive in your current role, and able to help maximize your organisation’s resources efficiently and effectively.

What you'll learn

DAY ONE: ESSENTIAL FINANCE

This day focuses on the 'bigger picture' of financial management: looking at how the annual statements are put together and how they are linked. It also has a practical focus: from looking at the importance of maximising working capital and increasing your organisation's efficiency, to understanding the profit drivers of your particular business.

We will also examine key financial metrics and see how they can help in monitoring your organisation's performance.

What you'll learn:

The layout and terminology of the three main financial statements: the balance sheet, the profit and loss account and the cash flow statement
How the three statements link together
How to increase your organisation's bottom line by understanding profit drivers, both financial and non-financial
How to manage working capital as effectively as possible, making cash work as well for the business as It can
How to use KPIs to assess your organisation's financial performance

DAY TWO: ESSENTIAL COSTS AND BUDGETING

This day focuses on internal financial management - the nuts and bolts of any business. We’ll cover costs, break-even analysis and investment appraisal so that by the end of the day, you’ll understand how to ensure your actions and decisions have a positive financial impact.

What you'll learn:

How different costs behave and the impact of this on profitability
How to calculate break even point, and how to use CVP (Cost Volume Profit) analysis to work out optimum sales levels
Which costs are relevant for decision making purposes, and which should be ignored
How to appraise different investment projects – from payback period to discounted cash flows
How to carry out a qualitative cost/benefit analysis as well as a quantitative one – e.g. when customer service or staff morale is the main objective
The way budgets are constructed and interpreting variances

Who is it for?

This finance and accounting course is for you if:

You are involved in or have some budget responsibility
You want to understand how to maximise profit in your unit/department/organisation
You are expected to work with accounting reports as part of your everyday role
You are aware that you need to know more about the financial impact on your organisation of the decisions you take

Your facilitator

Sarah Hobbs

Sarah is the co-founder of Vondel Professional Development, and is an engaging and highly qualified business and training consultant who specialises in making finance easily comprehensible for non-financial professionals. She has worked with a variety of clients across both the private and public sector including HMRC, Ince & Co, Wolseley, United Biscuits, PwC, Knight Frank, Mothercare, Nabarro, Norton Rose, BMJ Publishing and Barclays Bank.

Feedback

Sarah Hobbs was excellent in presenting the 2-day online course for 'Finance for Non-Financial Managers. I would even go as far as to say that this course will deliver some of the biggest benefits to my group of businesses than any other I have taken recently.

Sarah Hobbs was excellent!

Course was at the perfect level, Sarah Hobbs was engaging and managed to keep it light while incredibly informative. Venue was lovely and the food fantastic. Brilliant course, Finance for non-Finance Managers.

Brilliant Course!

Good overview. Jargon busting and increases confidence with finance. Really good course. Good knowledge, great delivery and always enthusiastic.

Programme Manager

Excellent - Well delivered and good pace. From a beginner point of view, a good understanding of subject matter achieved rather quickly. Event was well organised from morning coffee to afternoon lunch. Staff were friendly and approachable.

OPS Team Leader