Course Description

This two-day course is both broader and deeper than the one-day intensive course. It allows for greater examination of the key concepts and an expanded range of topics to be covered.

Target Student

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

This course will help delegates to consider the following:

• Types of organisation (affecting sources of finance)
• The drivers behind the Big Decisions for an organisation:
  • Where It Is Now (organisational environment and strategic capacity)
  • Where It Wants To Go (strategic aims and objectives)
  • How It Is Going To Get There (strategic plans)
• Understanding Stakeholders
• Sources of Finance
• The basic accounting concepts and principles
• Documents used within a business, including:
  • Profit and Loss Statements (types of income, costs and different profit calculations etc.)
  • Cash Flow Statements (Forecast, actual, importance of controlling cash etc.)
  • Balance Sheets (Assets, Liabilities, Net Current Assets, Capital Employed etc.)
• Difference between Capital and Revenue expenditure
• Management accounts how they are structured and used
• Budgets (production of budgets, budgetary control, use as a management tool etc.)
• Key Financial Indicators (Profitability, Liquidity etc.)
• Investment appraisal (Cost of Capital, Return on Capital Employed (ROCE), Payback period etc.)
• Gearing (meaning, effects)
• 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.
• The importance of other business functions, including R and D and HR
• How this all needs to fit together to lead to success
• Evaluation of financial situations faced by typical managers
• Application of the knowledge within your own role

Course Delivery

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