Finance for Non-Finance Managers Course
This two day course aims to equip staff with the confidence to communicate with both colleagues and senior management about business accounting and finance related issues, even if they lack confidence in their mathematical ability. It will do this by firstly providing the participant with a significant amount of knowledge and understanding of financial terminology being used today.
Secondly, it will remove the mystique of financial statements through case studies and examples discussed within the group. The course will help to develop a clear understanding and confidence of applying this knowledge to both generate, and question, financial data. It is intended to have a direct impact on the organisation’s performance by making staff more cost and profit aware.
The course will help build an understanding of how to use financial information to support and develop your business area; where you can add value to the financials being created or interpreted; and how to understand the architecture of each set of information and how these can be applied to your business area.
Course Summary
About Us
About the Programme
This course is for managers and leaders who have a desire to understand how financial data is assembled and used within their organisation. This course has been designed to help leaders – and senior managers who are not finance experts – understand financial information and concepts and enable them to perform their roles more effectively and astutely.
*Please note that some of the materials and objectives may be subject to change depending on discussions, activities and needs of the cohort upon reflection of delegate responses to the pre-programme questionnaires.*
Session 1
Day One: Financial Statements and Sources of Finance
Key themes include:
- Understanding financial statements;
- statement of financial position/income statements
- adjustments-depreciation
- balance sheets
- assets and liabilities
- key accounting conventions and standards
- Analysis and interpretation of financial statements;
- Profitability
- Liquidity
- Ratios
Session 2
Day Two: Budgeting, Cash Flow and Analysis
Key themes include:
- Investment appraisal
- Payback
- Return on investment
- Operating and capital budgeting techniques and their use in planning and control;
- cash flow forecast
- profit versus cash flow
- Product/service costing/absorption costing/overhead allocation, apportionment and absorption,
- Break-even analysis
- Introduction to financial contribution
Whilst this programme is not linked to a formal qualification, it will contribute to delegate’s ongoing personal and professional development.
Tara Askham
Tutor
Tara Askham is a qualified lecturer specialising in finance and a Fellow of the Association of Accounting Technicians. As a Finance Director, Tara co-founded multi-award-winning social enterprise Infused Learning and wrote the first Accountancy Access to Higher Education Diploma in the country. She designs and delivers finance courses to companies around the UK including Volkswagen. She inspects colleges’ accounting provisions on behalf of the Association of Accounting Technicians and works as a consultant subject matter expert for global accountancy awarding bodies writing and moderating exam material. She wrote the global award-winning ACCA-X finance course and is a published author for Osborne Books. Her experience has led to her role with NatWest as a Social and Community Capital credit panel member. (Part of the independent credit panel to analytically review each charitable proposal for funding). Tara is also a guest Lecturer at Nottingham Trent University.
Paul McKie
Tutor
After graduating from Manchester University with a BA in Economics Paul enjoyed a successful commercial career, first in the City as a Futures and Options trader, and then founding and helping to build a number of successful businesses, two of which are still trading today.
After gaining an MBA at Strathclyde Graduate Business School he became part of the team that built ‘Reality Group’ into one of the UK’s leading ecommerce companies before its successful sale to GUS Plc in 2000. Building on his strong interest in innovation and creativity, Paul developed a specialist stand - alone Consultancy Practice specialising in Lateral Thinking, before entering academia in 2010 as a senior lecturer specialising in postgraduate, executive and work-based learning programmes for business students.
Our dedicated In-House Training team can work with you to create a tailored training course that creates an optimal learning experience. Our bespoke built training programmes are designed around your needs and allow you to meet the specific requirements of your business.
Click here to view our In-House Training services.
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