Finance is all too often the key management skill that is ignored – at your peril. Often seen as someone else’s problem, in today's increasingly “exploded” organisations managers find they need the financial language, skills and understanding – or else they simply don’t survive! This extremely practical finance for non-financial manager’s programme will guide you through the maze and give you the confidence to challenge accountants whenever you need to.
Who should attend
The programme is for Non-financial managers in any functional area of business, industry or sector
Suitable for anyone wanting to gain a better understanding of the main financial aspects of a business, develop their understanding of the impact of financial decisions and how this can help them in their role
What the programme covers
In today’s world finance is a mission critical skill for organisations and individuals alike
Delegates will learn:
- The difference between financial and management accounting – what are we measuring and why
- The uses and limitations of the three key documents - profit and loss account, balance sheet and cash flow statement.
- How to perform financial analyses with selective use of key ratios
- How to read and understand the financial press and their measures
- What the pressures of capital markets can mean to a business’s financial performance
- An overview of the current major financial and accounting debates and issues
- How taxation (all types) affects a business
- The fundamentals of costs: fixed/variable, direct/indirect and break-even
- Best practice for budgeting within an organisation
- The minimum requirements for effective regular management information
- Current trends in management information, and how to improve yours
- How to make better quality forward-looking financial decisions
- The practice of discounted cash flow and importance of properly controlled capital investment
How you will benefit:
- Understand the fundamental principles of score keeping and accounting
- Appreciate the business economics that drive all organisations, and analyse business performance
- Improve regular financial management information needed to manage a business effectively
- Appreciate the role of financial management and future-looking financial decision-making
How your organisation will benefit:
- A more effective knowledge base and understanding of the financial implications that impact decisions made and how they are measured
- More informed financial discussions that impact business decisions
- Improved organisational performance through better ability to recognise key areas of financial concern and have individuals able to recommend ideas for improving performance and productivity
Fees, dates and location:
One day programme: £600
2020 dates to be confirmed
The programme is run at University of Bath in London, 83 Pall Mall.
The programme is led by Stephen Brookson. Stephen has a degree in Psychology and is a Chartered Accountant qualified with KPMG in London.
Stephen has extensive experience of presenting programmes on accountancy and finance. He has developed, written and presented financial seminars and training events across many industries in both the public and private sectors, in the UK as well as overseas.
His many areas of expertise include: content and meaning of financial reports and accounts; balance sheets, profit & loss accounts, cash flow statements; how key financial ratios work and what they tell you about a business and measuring financial performance from an internal perspective.