Finance for Non-Financial Managers - MPDFNFM-1

The course focuses on the understanding of the financial implications of day-to-day decisions and how to increase the profitability and performance of your business.

In a recent Ernst and Young Survey of 669 UK/Europe businesses, 65% stated that the main business priority was 'managing costs'; closely followed by (57%) 'improving financial controls'. With this increased focus on finance and financial awareness, today's successful managers need a greater than ever understanding of the often confusing world of finance.

Outline

  • General financial principles.
  • Understanding how money flows in a business.
  • Identifying the elements of the profit and loss account and balance sheet.
  • Distinguishing between profit and cash.
  • Key financial ratios - what they are and what they mean.
  • Tools that are used by the external market to judge organisations.
  • How organisations identify the drivers of their financial performance.
  • Cost control and reduction.
  • Improving margins and sales in your business.
  • Break-even analysis.
  • Understanding business cases and the methods of financial justification.
  • £ 1,080

    Guide Price Per Delegate

  • Dates & Locations Available

  • Edinburgh
    04/10/2017
    Edinburgh
    04/10/2017
    London
    09/10/2017
    London
    09/10/2017
    Glasgow
    12/10/2017
    Leeds
    19/10/2017
    Leeds
    19/10/2017
    London
    14/11/2017
    London
    14/11/2017
    Birmingham
    20/11/2017
    Birmingham
    20/11/2017
    London
    11/12/2017
    London
    11/12/2017
    London
    23/01/2018
    London
    23/01/2018
    Leeds
    05/02/2018
    Leeds
    05/02/2018
    Glasgow
    08/02/2018
    Glasgow
    08/02/2018
    London
    19/02/2018
    London
    19/02/2018

Course Information

This course is suitable for all levels of individual who wish to improve their understanding of finance concepts.
  • understand financial jargon
  • understand the financial drivers of business and the impact of decisions on the financial performance of the organisation
  • interpret financial statements
  • support business decisions through information gained from applying costing techniques
  • identify best practice for creating, managing and reviewing budgets
  • understand the importance of cash to an organisation and how to effectively manage and predict cash flow
  • build a compelling business case and financially justify it using a range of techniques
  • earn about the key techniques within management accounting, specifically costing, cash flow and budgeting, and how they are used to forecast performance and support decision-making
  • describe the key elements of a business case and understand the methods of financial justification.

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