In order to maximise their contribution to a business, all managers need to have a solid understanding of finance. The aim of the Finance for Non-Financial Managers course is to give managers from a non-financial background the opportunity to gain a better understanding of the basic principles of business finance and to become more confident in addressing matters of a financial nature.
The course is open and flexible to suit the audience requirements. Accounts and information sheets will be provided along with a contextual analysis of recent financial news and topical subjects. The course is also presented in a non-technical fashion.
At Irish Times Training we can now offer you and your team the opportunity to join this course virtually, along with a range of other courses that our expert trainers are delivering virtually.
If you are interested in this or any of our upcoming courses, or if you wish to discuss a virtual learning solution for your team, please click here.
Who Should Attend?
Managers and executives with responsibility for making decisions in business and managing departmental budgets who have limited or no financial background.
Understanding financial statements – 1: Understanding the Profit and Loss Account and key terminology. Issues that arise in relation to recording income and expenditure.
Understanding financial statements – 2: Understanding the Balance Sheet and key terminology. Issues that arise in relation to recording income and expenditure.
Interpretation of financial statements: How to go about analysing financial reports. KPI’s and ratio analysis. The interaction between the profit and loss account and balance sheet.
Financial techniques used in business decision making: Investment appraisal techniques – long term decision making. Marginal costing techniques – short term decision making. Making the business case.
Budgeting and business planning: The purpose of budgeting and business planning. Budgetary control techniques. The importance of the cash flow forecast.
In preparation for the course, participants should consider if there are any recurring topics/issues they have with finance that they would like to have a better understanding of.
By the end of this two-morning course, participants will better understand:
“Excellent course, very informative and practical and trainer was very approachable.”
“The tutor explained everything in great detail and had lots of great examples to help me better understand our own accounts.”
“Excellent course, lots of real life scenarios throughout.”
“Very well delivered. Great how all aspects put into real life circumstances.”