Finance for Non-Financial Managers Training Course

In today's competitive business world firms are under unprecedented pressure to deliver value to their shareholders and other key stakeholders. Senior executives are finding that they need some financial know-how to cope with the responsibility placed on them as decision-makers. 

Understanding finance for non finance managers is not as difficult to learn as many people believe and in the hands of an experienced senior executive can provide a formidable competitive advantage, for businesses in all regions, not just London.

Benefits:

• Understand fundamental business finance concepts
• Understand the vital difference between profit and cashflow
• Evaluate pricing decisions
• Use powerful analytical tools to measure performance of their own company and competitors
• Understand the role of business finance in formulating and implementing competitive strategy
   

Course Syllabus:

• Business and finance fundamentals
• The objectives of the firm: delivering value to shareholders and key stakeholders
• Understanding the drivers of shareholder return
• Who uses financial statements and why
• Basic principles
• Understanding business funds flow
• Understanding and using the balance sheet
• Understanding and using the profit statement
• Recognising the vital difference between profit and cashflow
• Understanding and using the cashflow statement
• What financial statements can and cannot tell us
• Managing and improving cashflow
• What is working capital and why is it so important?
• Understanding how working capital drives business growth
• Understanding and avoiding the over-trading trap
• Managing and improving business cashflow
• Managing and improving profit
• Understanding how profits generate cashflow
• The fundamental nature of costs: fixed and variable business costs
• Understanding gross margin and break-even
• How common pricing methods affect gross margin and profit
• Improving profit – effective and defective strategies
• Managing business performance
• The business planning cycle
• Using budgets to support business strategy
• Monitoring and managing financial performance
• Using a ‘Pyramid of Ratios’ to manage business performance
• Understanding and using key performance indicators
• Measuring and managing business performance
• Measures of financial performance and strength
• Return on investment (ROI): the ultimate measure of business performance
• How profit margin and net asset turnover drive return on net assets
• Why some companies are more profitable than others