Finance for Non-Financial Managers
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Are you comfortable conversing in the language of finance relating to the performance of your team and organisation?
This short course gives managers an appreciation of the differences between financial accounting, management accounting and financial management. It aims to introduce managers to modern financial tools that are available to help them understand and manage their businesses better.
The purpose of the course is to help you understand what the numbers are telling you, and not telling you. Different tools will be discussed and their appropriate applications. Common errors will be identified and tips on how to avoid them.
You will leave this course with a toolkit to help you improve your business acumen to have better financial conversations to make better business decisions. Key course elements covered:
- The disciplines within finance: financial accounting vs management accounting vs financial management.
- How to read a set of financial statements.
- Understand common valuation methodologies.
- Linking strategy to financial reality.
- Current budgeting and forecasting techniques.
- Calculating the cost of goods and services.
- Evaluating business decisions.
- Have a framework to analyse and interpret financial statements.
- Understand common valuation techniques.
- Know how to link your budget to strategy and apply modern management techniques.
- You will be able to have better business conversations and no longer will you be fearful of finance.
Your organisation will:
- You will be more commercially aware.
- Understand how to create value for the organisation
- Understand the numbers simply give you information, they don’t tell you what to do.
Who should attend
- Any manager, entrepreneur or business professional who needs to understand the financial impact of their decisions.
- Lawyers, engineers, doctors – any professional who needs to understand what the numbers are telling them.
- Company directors
Finance for non-financial managers is aimed at all managers, whatever discipline they may be from. More importantly, it is not trying to make people into accountants; rather it aims to give business people the tools to understand the numbers in order to help them make better business decisions.