Finance for Non Financial Managers

Finance for Non Financial Managers Training Course

Scheduled public courses are held at Preston, Liverpool, Manchester & London.

1 Day Course | 1 Delegate £295 plus VAT
*Book 2 or more delegates and receive significant discounts. Click here for information

Closed tailored courses are available on your site or remotely delivered for £775.00 plus vat (up to 8 attendees).

Course Overview

This one day training course will look at the tools and processes you need to build, present and work with your budget, understand a Profit and Loss Statement, Cash Flow and a Balance Sheet.  The course will also explain where the financial figures come from to make up these reports.

Course Aim

By successfully completing this course you will acquire a range of important skills to:

• Help you prepare, manage and understand budgeting
• Become proficient at interpreting and creating balance sheets
• Become proficient at understanding and creating a profit and loss statement
• Understand how to persuade peers and senior managers with numbers.

Course Outline

Budgeting Basics

• What is a Budget?
• How Organisations Budget
• The Budgeting Process
• Accounting Conventions

Preparing Your Budget

• Getting the Right Format
• Doing the Groundwork
• Getting the Numbers Right
• Presenting Your Case
• Handling Cuts

Strategies for handling the more demanding customer

• Budget Management Processes
• Reviewing Your Budget
• Controlling Costs
• Monitoring Expenditure
• Taking Corrective Action

Understanding Profit and Loss

• Profit in Perspective
• Costs and Revenues
• The Trading Statement
• The Profit and Loss Account

Understanding Balance Sheets

• Owning and Owing
• The Ever-Changing Balance
• Good Health
• Money to Hand
• Presenting a Balance Sheet
• Interpreting a Balance Sheet

Understanding the Cash Flow

• Where the detail comes from
• Constructing a Cash Flow
• Projecting the Cash Flow