Finance for the Non-financial Manager
When and Where
- 18 Apr 2018 - 13 Jun 2018 (16 hours, 8 weeks)
- Days and times
- Wednesday 18:00 - 20:00
- Morley College London
- Full fee
- Concession fee
- Senior fee
- Francis O'Toole
- Course code
What you will learn
This course will give learners a solid foundation in business finance from key financial terminology and concepts to understanding main financial statements.
By the end of the course you will be able to
- Have a good understanding of key financial terms and concepts widely used in business.
- Know how the budgeting process works, the differences with forecasting, and variance analysis.
- Be aware of the principles behind different costing systems and how they can be used to boost profitability.
- Be aware of capital compared to revenue items and the main constructs of a profit and loss account, a balance sheet and a cash flow statement.
- Be able to identify key values and ratios in financial statements to help assess the health of a business.
Class format and activities
The course will demystify accounting jargon for non-finance managers and provide an understanding of key financial terms and concepts.
Managers will be taken through the budgeting process and variance analysis and how to approach completing the commentary sections in the typical management report. The differences between budgets and forecasts and their uses will be expounded.
The principles behind different costing methods will be outlined and how they can be used by managers to help boost profitability.
Managers will be taken through the difference between capital and revenue items and the differences between the purposes of management and financial accounts. An understanding will be gained as to the construct of a profit and loss account, a balance sheet and a cash flow statement
Participants will be guided as to the key items and ratios to consider in financial statements when assessing the health of a business.
In order to ensure that you make the best possible progress on your course, you will have regular feedback from your tutor, in a constructive and supportive environment.