Finance for Non-Financial Managers

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This Seminar will enable you to fully comprehend the most important financial aspects of a business and gain a better understanding of how your actions affect your organisation’s financial results. After attending this day, you will know how to decode the language of finance and accounts and understand how to effectively apply this knowledge to improve your company’s financial and commercial success

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Description

Sound financial management isn't just the accounting department's responsibility - it's everybody's job. This Finance for Non-Financial Managers seminar shows managers how to understand financial reports and use the information to create budgets and set goals for improving performance.

The current economic climate means that companies and organisations have to look more closely than ever at where and how they spend their money and make their profits. Managers at every level now have to submit and work to tighter budgets, find new ways to reduce their costs, minimise expenditure, and come up with ideas for improving revenue and sales.

The aim of this intensive one-day seminar is to assist delegates to breakthrough the mystique of financial management by turning numbers into simple words and pictures that non-financial managers can understand.

This seminar will not turn you into a financial expert - but it will help you understand what questions to ask about the numbers. It will help you get an accurate reflection of the financial side of your business and help you decide where to invest your time and your firm's money.

Key areas that will be covered during this seminar include:

The Role of the Financial Function

• Understanding the full responsibilities of the Financial Function


• An overview of Accounting Terminology and Jargon


• What is Financial Management?

Understanding and Interpreting the Financial Statement

• Review of the Balance Sheet and Income Statement


• Discussing the differences between Assets and Liabilities


• Understanding the importance of Cash Flow


• The role and methodology behind different Costs and Costings


• Calculating and using Breakeven Analysis


• How to draw conclusions and trends from Financial Statements


• Using ratio's to check the business performance

Preparing and Managing Budgets

• Guide to the Preparation of realistic Budgets and Forecasts


• Methods of Managing and Monitoring budgets

FAQ

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