ELTFNFM1 – Finance for Non-Financial Managers

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  • Code: ELTFNFM1
  • Duration: Days 1
  • Price per delegate: £295.00 +VAT

Trained over 60000 delegates

Course delivered by industry expert instructors

Highly competitive pricing

Course Description

This course is delivered as a one-day intensive workshop, designed to introduce the participants to the key topics of finance.

Target Audience

It is for those who are from non-financial backgrounds who need to know more about finance within a business for their current job role or the next.

Course Content

It will help them to consider:

  • Sources of Finance
  • The basic accounting concepts and principles
  • Documents used within a business
    • Profit and Loss Statements: types of income, costs and different profit calculations etc.
    • Cash Flow Statement: Forecast, actual, importance of controlling cash etc.
    • Balance Sheets: Assets, Liabilities, Net Current Assets, Capital Employed etc.
  • Management accounts how they are structured and used
  • Use of budgets within a business
  • Management of working capital and difficulties faced by operational managers if their business faces financial constraints due to lack of profitability or liquidity.
  • The concepts of fixed/variable costs, breakeven analysis, gross margin/contribution/marginal cost, the cost/price/volume relationship and variation of profitability by product and by customer.
  • Key Financial Indicators: Profitability, Liquidity etc.
  • Evaluation of financial situations faced by typical managers
  • Application of the knowledge within your own role

Additional Information

The course is delivered with tutor-input, exercises and case study material.