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Homepage > Open Programmes > Finance For Non Finance People
Finance For Non Finance People.
1 Day
Outline:
This course is specifically written for people who need a better understanding of organisational finance, whether they are managers or key team members. The course is structured to provide people with awareness and basic understanding of the way finance affects their business objectives. It is a very practical course that will build from little or no financial knowledge.
Who should attend?
People who want to gain a clear understanding of the fundamentals of business finance and the financial implications of decisions which they make.
Course Content:
- Understanding financial terms.
- Understanding financial reports.
- Key financial ratios.
- Finance in the business.
- The importance of expense control.
- Budgeting, costing and planning.
Delegates will learn to:
- Translate financial language into simple terms.
- Read Profit & Loss (P & L) Accounts, Balance Sheets and Cash Flow Forecasts.
- Understand the meaning of Return on Capital, Capital Turnover, Debtors Ratios and Business Trends.
- Understand business cycle planning, target setting, measurements and the importance of year end activities, accruals, prepayments and reserves. . Optimise expense control.
- Plan, monitor and control a budget.
- Follow the plans for budget v actual.
- Analyse the results of variance analysis.
- Define and classify costs.
- Understand the purpose of plans and planning systems.
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