Finance Course for the Non-Financial Manager
Finance. Boost your financial know-how.
This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. It is suitable for those who require financial management skills and knowledge as part of their role (non-financial managers).
This course provides an introduction to the concepts underlying external financial accounting and internal management accounting. You will be introduced to the skills necessary to prepare, interpret and analyse financial statements, including balance sheet, profit and loss statements. You will gain an insight into how your business decisions impact the financial reports of your company.
We will also cover budgeting, costing and key performance indicators, and clarify the often misunderstood area of accrual accounting.
Aims
This course will enable you to:
- utilise key financial terms and concepts
- analyse the 3 key financial statements – Profit & Loss, Balance Sheet and Cash Flow Statement
- forecast and prepare budgets
- calculate financial ratios for evaluating the health of the organisation
- calculate variances and recommend corrective action for achieving a budget.
Outcomes
By the end of this course, you should be able to:
- recognise why accrual accounting is commonly used in business
- appreciate the rationale for depreciation and amortisation of assets
- interpret a Profit and Loss Statement, Balance Sheet and Cash Flow Statement
- assess the financial health of a business using financial ratios
- prepare forecasts and set budgets for sales, costs and expenses using a range of methods
- calculate variances and recommend corrective action for achieving a budget.
Content
Financial terminology and concepts
- Income and expenses
- Assets, liabilities and equity
The basis for accrual accounting
- Accrual accounting versus cash accounting
- End of period recording of accruals and prepayments
Financial management of assets
- Use of depreciation
- Difference between depreciation and amortisation
Financial statements
- Interpretation of P&L, Balance Sheet and Cash Flow Statement
- Calculation of key financial ratios
- Interpretation of the health of a business using financial ratios
Financial forecasting
- Use of history, market conditions and the Delphi method
- Forecasting for sales, costs and expenses
Budgeting
- Budgeting for an organisation
- Defining and budgeting or profit centre, cost centres and for projects
Calculating and acting on variances
- How to calculate a variance
- Correcting for unfavourable variances
- Generating an estimate of likely performance compared to the budget
Intended audience
Suitable for managers, team leaders, board members or individuals from a non-financial background who wish to develop their competencies for understanding their organisations' financial statements and structures.
Course examples will be provided to cater for attendees from all sectors – commercial, not-for-profit and government – indeed the course is designed to meet the needs of anyone who needs to interpret financial data in a work or board setting to assist with their decision-making.
Delivery modes
- Face-to-face, presenter-taught workshop
- Online workshop via the platform Zoom
Delivery style
Delivered as an interactive workshop which includes lectures, group exercises and discussion.
Materials
You will be provided with a link to download and access course materials prior to class.
Features
- Expert trainers
- Central locations
- Free, expert advice
- Course materials – yours to keep
- CCE Statement of Completion
Overview
Sessions:
Location:
Price:
Class schedule
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<p>This finance course is designed for managers and other professionals who need an understanding of the
...Wed 6 Dec 2023
9am - 5pm (UTC+11:00)
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...Wed 17 Jan 2024
9am - 5pm (UTC+11:00)
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<p>This finance course is designed for managers and other professionals who need an understanding of the
...Thu 28 Mar 2024
9am - 5pm (UTC+11:00)
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<p>This finance course is designed for managers and other professionals who need an understanding of the
...Wed 24 Apr 2024
9am - 5pm (UTC+10:00)
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<p>This finance course is designed for managers and other professionals who need an understanding of the
...Wed 21 Feb 2024
9am - 5pm (UTC+11:00)
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<p>This finance course is designed for managers and other professionals who need an understanding of the
...Wed 29 May 2024
9am - 5pm (UTC+10:00)
If there isn't a class to suit your preferred time or delivery format, please JOIN the waiting list.
Featured facilitators
John Le Mesurier
John Le Mesurier brings a wealth of business, management, IT, consultancy and training experience to many of the professional development courses on offer at CCE. This experience has included...
What others say
Very knowledgable tutor. Great use of practical examples for application. Made what could be quite a dry topic, very engaging.
- Mary Thompson
The quality of the presenter and the real-world examples that we analysed really brought this course to life. I felt much more confident with the financial aspects relevant to my job when I walked away from this course.
- Amelia Haigh
The course was great. I learnt a lot about how to work out ratios, and working on P&L and balance sheets. A most interesting course. An amazing trainer who shared their life experience, which was very beneficial.
- Daxa Patel
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