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Finance for Non-Financial Managers
Finance
 Next available Norwich date: 23 September 2010   |
Course Aims:
Successful managers need to have a basic understanding of finance and budgets that will lead to better business decisions. Recent research shows that financial results are the principle concerns for managers in today's competitive workplace. Surprisingly, only half of all managers have the organisation's bottom line as a main focus.
Everything that can be counted does not necessarily count.
By understanding how to read and use financial information on a day-to-day basis will give you the control you need to stay on top of your company finances, ensuring that your business remains profitable and successful
This practical course gives non-financial people the tools and understanding to interpret and use the company's financial information, accounts and budgets in straight-forward and non-threatening way.
Assumed Knowledge:
No previous knowledge is required.
Profile Outline:
The Purpose of Accounting
- Understanding accounts
- Recognising the basic framework for accounting
Basic Concepts in Finance
- Managing Money
- Asking yourself three questions
The Financial Picture
- How well is your business performing?
- Analysing and interpreting financial information
Budgets & Forecasts
- Using your budgets and forecasts as a day-to-day management tool.
- What management information do they provide?
- "Where on earth do we start?"
Variance Analysis
- What is variance analysis?
- Monitoring Variances
- Management by exception
The Cash-Flow Forecast
- What is the difference between the timing of the Profit & Loss and the Cash-flow forecast?
Using the Cash Flow Forecast
- How do you use the cash-flow forecast on an on-going basis?
- What steps do we take when things don't go according to plan
What is Break-Even?
- What is a break-even point, and what impact does it have on your overall profits?
- What do you need to include when calculating your break-even point?
- How do you price your products correctly?
Break-Even Graphs
- Learning how to create and read a Break-even graph.
- Appreciating the relationship of cost to volume & economy of scale.
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Profile Details:
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Price: £235.00 
Duration: 1 day
Norwich Dates:
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23 September 2010
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