Finance for Non Financial Managers

Course Overview 

Financial Accounts

• Profit and Loss accounts and how to understand them
• Understanding income & expenditure account whilst analysing the finance flows within your organisation
• Cash and accruals account showing how each is used
• Terminology associated with income and expenditure accounting
• Communicating effectively with finance professionals
• Analysing trends in financial flows and formulating appropriate questions
• Reading balance sheets
• Constructing a cash flow statement

Management Accounts

• The budgeting process
• How budgeting relates to strategic objectives
• Constructing a budget
• Estimating costs and income accurately
• Understanding the past and forecasting the future
• Cost centres and income streams
• Understanding fixed and variable costs
• Using the concepts of break even pricing
• Evaluating opportunity costs

What will students get out of it?

The course will help them understand their organisation’s finances and how their own budget and expenditure fits in. It will give students an understanding of some basic financial tools as well as some useful spreadsheets to take away. It will help them communicate on equal terms with financial professionals including their treasurer, finance officer or accountants