Finance for Non-Financial Managers

Financial data can be intimidating for people who don’t have to process them on a daily basis. Moreover, the decisions non-finance teams make have a bearing on the company’s financial performance.

Managers who are not directly involved in financial management should be empowered to understand the financial aspects of a business better. It helps them take more informed decisions on key operational and strategic issues, and to get a complete idea of the justification behind management actions. Financial literacy equips managers to contribute confidently in finding creative solutions to problems.

WHO SHOULD ATTEND

• Managers at all levels
• Office managers
• Administrators
• Finance clerks
• Anyone in business with a need to understand financial statements, ratios and concepts
• Business owners and entrepreneurs

HOW YOU WILL BENEFIT

• Learn the terminology of finance and accounting, including assets, liabilities, expenses, profit and cash flow
• Understand the balance sheet and be able to determine your business’s financial position
• Analyse income statements, balance sheets and profit and loss statements in order to evaluate business results and make informed decisions
• Develop a working knowledge of working capital and cash flow management
• Learn to compile statements of assets and liabilities
• Understand the difference between management reporting and external reporting

WHAT WILL BE COVERED

WHAT WILL BE COVERED

• Basic bookkeeping and accounting terms
• Debits & credits
• Assets and Liabilities
• Drawing up and understanding the income statement and the balance sheet
• Managing cash flow and working capital
• Developing your own budgets and cash flow forecasts
• Management accounts vs external accounts
• Understanding ratios and their relevance to decision making
• Planning for break even and beyond
• VAT, company and employee taxes
• The importance, impact and mechanics of good capital budgeting

You can view all our courses HERE