CANX - 1 Day Finance for Non-Finance Managers
This course is designed to give a basic but informative overview of the finance side of a business, specifically for those not directly involved in the day-to-day function of financial management. This course is a must for anyone with the need to fully understand financial reports
This course has been cancelled.
Course type
Regional or in-company
Learning format
Classroom based
Course duration
1 day
Further development opportunities
Diploma in Merchanting
What do you get?
Certificate of Attendance
Course overview
This course is designed to give a basic but informative overview of the finance side of a business, specifically for those not directly involved in the day-to-day function of financial management. This course is a must for anyone with the need to fully understand financial reports.
Who would benefit?Proprietors and managers that want to gain a better understanding of financial issues and implications of their day-to-day decisions.
Objectives
• Improved understanding of financial principles and terminology
• Be able to interpret management accounts
• Understand the importance of key performance indicators (KPIs)
• Understand how to agree and maintain budgets
• Develop an overview of business finance concepts
• Identify critical areas that affect working capital and profitability.
Course content
• Importance of flow and finance in business
• Illustrate the basic concepts of finance by demonstrating the setting up of a simple business, e.g. a used car dealership
• Look at and understand the main financial statements:-
-P&L
- Balance Sheet
- Cash Flow
• Have a look at sample financial statements (ideally from BMF world)
• Card exercise – position the items in correct statements
• Understand the importance of profitability and margins
• Look at a typical business cycle and explain basic financial terminology
• Explore the concept of working capital
• Explain why cash in a business is so important
• Budgeting
- What is budgeting?
- Why businesses budget?
•Key Performance Indicators for a typical BMF business.
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The price of this course is £230.00 + VAT, the price below is inclusive of VAT.
Online registration not available.