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Finance for Non-Financial Managers

Who should attend: 
Managers and Executives who needs to understand the language and basic principles of finance in organisations.
5 days
Course aims: 

This course is designed to enable participants to understand and communicate financial concepts and terminology.

Course benefits: 
  • Understand the basic principles and terminology in talking about finance
  • Develop an overview of business finance and the accounting concepts involved
  • Relate this knowledge to decisions you take or which affect you at your place of work
Course outline: 
  • Breaking down the barriers caused by the language of finance and its jargon: participants review the needs which they require the course to address
  • Introduction to the principles of accounts: overview of statutory and management accounts
  • The annual accounts: profit and loss/ income and expenditure account; the balance sheet
  • Cash flow: the importance of cash flow to the survival of the business
  • Depreciation: methods of calculating depreciation and its effect on profit/surplus; capital allowance for taxation purposes
  • Accounts analysis the use of rations
  • Working capital
  • Investment appraisal: return on capital; payback; discount cash flow projects
  • Finance as a management tool: sharing the interpretation of financial information