Finance for Non-Finance Managers (1 Day Course)
|Finance for Non-Finance Managers (1 Day Course)|
|18 Jan 2018||WS8167||£490||London Grosvenor Hotel|
|24 Jan 2018||WS8166||£390||Crowne Plaza Manchester Airport|
|30 Jan 2018||WS8168||£490||Crowne Plaza NEC Birmingham|
|15 Feb 2018||WS8169||£490||London Grosvenor Hotel|
|15 Mar 2018||WS8215||£490||London Grosvenor Hotel|
|12 Apr 2018||WS8206||£490||Crowne Plaza NEC Birmingham|
|17 May 2018||WS8207||£490||London Grosvenor Hotel|
|14 Jun 2018||WS8208||£490||London Grosvenor Hotel|
|05 Jul 2018||WS8209||£390||Crowne Plaza Manchester Airport|
|19 Jul 2018||WS8210||£490||London Grosvenor Hotel|
Chartered Management Institute Recognised Training Centre for Manager and Director Training Courses.
Delegate Comments on the Finance for Non-Finance Managers Course
'Fantastic course, great course leader - Philip made it interesting and brought it to life.'
Nancy Artell – Senior Risk & Compliance Partner, Swinton Group Ltd
'Excellent overview' Paul Broadhurst - Managing Director,Hauser GmbH UK
'Philip was excellent - knows his subject and delivered it with passion'
Jez Alcock - Chief Executive, Healthwatch Nottinghamshire
'An absolutely brilliant training session on finance for non-financial managers. It was the best training course I’ve ever attended.' Charlotte Sansom - Senior PR Manager, DWF LLP
'Tremendous course. Course leader was extremely impressive and knowledgeable.'
Lydia Fairfax - Vice President, Legal, Discovery Communications
This is a fantastic course that has given me real confidence to take more of an active role in my businesses' financial operations, Thank you.' Director of a large communications company
'Excellent course. Knowledgeable course leader provided us with all the essential details that a non-finance manager needs to approach financial analysis, backed up with insightful comments and examples, resulting in delegates taking away practical and readily applicable skills.' Operations Manager of a large logistics and storage company
'An excellent course.' Catherine Lewis - Vice Principal, Corporate Services, NPTC Group
'Perfect, best investment I ever made' Michael Waller - Chief Executive, WYP
'An excellent course.' Owen Davies – Business Development Manager, Severn Trent
'Informative and well paced, perfect.' Martin Randall – Sales Director, Vision Plc
'Very interesting, very comprehensive and flexible' Bryony Lester – Superstat Limited
'Tutor was extremely knowledgeable' Lorraine Nicholson – Access Training
'Very good, many thanks' Robert Leach – Mosdorfor CCL Systems Limited
'Philip has an excellent clear and approachable style.' Catherine Gallagher – HR Manager, Crown Prosecution Service
'A great course …... I’ve recommended this internally.'Director of a large practice of chartered surveyors
'I found the analysis of real companies particularly helpful.' Alison Biegel, Operations Manager, Anglia Tours Limited
'I would recommend this course – Enjoyed the course' Peter Crosby – Briton Price Limited
'Phil is simply superb. So knowledgeable and experienced. An excellent course.' Rupert Tate – Chief Executive Officer, Bear Grylls Ventures
Finance for Non-Finance Managers Course Overview
Being successful within an increasingly complex and fast moving world, with very flat management structures, requires a firm grasp and an in depth understanding of a whole range of financial concepts and skills. This course is being constantly updated to always contain the latest financial issues and includes information on financial matters that have only come into force in 2015 and therefore apply to accounting periods starting on or after 1 January 2015.
This course will provide the essential knowledge of those key financial management issues and concepts that are needed by successful Managers, Executives, Directors and Consultants in order to remain ahead of their competition. The completion of this course will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts. It will also provide a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills. The theoretical knowledge will be reinforced by hands-on case studies.
Attendees will become highly skilled at reading and understanding Balance Sheets and Profit & Loss Accounts. You will become more involved with all types of financial discussions within your organisation. You will be more confident and comfortable when communicating with financial managers, directors, investors, suppliers and key clients.
Finance for Non-Finance Managers Course Content
Accounting and the Law
- Accounting principles & policies (GAAP)
- Terminology & Jargon
The Three Key Financial Statements
- Balance Sheets: Assets; Liabilities; Net current assets, capital employed and how to interpret the information;
- Profit & Loss Account, Types of profit, and Layout & use of the profit & loss account
- Cash Flow Statements: Importance of cash flow and Impact of credit and credit control, Problems affecting cash flow. Dealing with Debtors and Creditors
Using Key Ratios to Analyse Accounts and to Support Investment Decisions
- Return on Capital Employed (ROCE)
- Current Ratios, Quick Ratios, Debtor Days, Stock Turn
- Net Present Value (NPV) of cash flows and projects
- Investment decisions and Return on Investment (ROI); Cost of capital
- Gearing, is the level of borrowing too risky?
- Liquidity, could the company hit cash flow problems?
- Profitability, how well is the company doing?
Revenue and Capital Expenditure
- What are Capital and Revenue Expenditure
- Phasing of capital spend and its implications for budget holders
Depreciation and Amortisation of Assets and liabilities
- What is Depreciation
- What is Amortisation
- Goodwill; its purpose, calculation and impact
Company Acquisitions and Disposals
- The valuation of target company acquisitions
- The treatment of company acquisitions and disposals
- The impact of acquisitions upon the financial results
- The financial pitfalls relating to acquisitions and disposals
- The impact of acquisitions upon the market value of the organisation
- Their purpose and definition
- Goodwill evaluation and its stated value in the accounts
Share Price and Share Valuation
- The importance of Share Price/Valuation
- Acquisitions as a tool to create shareholder value and move the Share Price upwards
- Management of the Share Price/Valuation
Costing and the Impact of Costing Assumptions on Business Decisions
- Cost types & behaviours and their Impact on decisions
- Break-even and Contribution Analysis
- Direct and Indirect Costs: fixed, Mixed and variable costs
- How costs are determined and predicting profit
- How the cost structure can affect planning and decision making
- Full Costing, Marginal Costing and Activity Based Costing (ABC)
Other Financial Factors and their Influence on Decision Making
- The interaction of taxation and business planning
- Accounting policies as significant drivers of business decisions
The Course Leader is an FCA, a Fellow of the Institute of Chartered Accountants of England and Wales, and a Chartered Director, the qualification awarded by the Institute of Directors. He is also a Fellow of the Institute of Consulting and sits on the Thames Valley Board of the Chartered Management Institute. He delivers a similar course to this one, for the Chartered Management Institute, to their clients.
He is on the Chartered Director Committee of the Institute of Directors, which determines what UK Board Directors should know in order to properly fulfil their role as a company director. This committee helps to shape the Institute of Directors examination syllabus in the UK. He has been closely involved in all aspects of the professional development of directors and managers within the UK, for the last 7 years. In addition to professional development services, he is actively involved in company acquisitions and disposals, as well as providing financial consulting services. He has practical experience of funding new investments, including procuring new Equity Share Capital.
He has over 30 years of successful UK and International experience, including 7 years as the Finance Director and then the Chief Executive of a Plc, as well as 13 years with KPMG Management Consulting, IBM and Arthur Andersen.
His delivery style is dynamic, fun, approachable and highly engaging, enabling him to deliver a workshop that you will remember and enjoy.
This one day course enables participants to understand better, the key attributes and approaches that underpin a strategic and tactical financial approach to management and help to develop the key skills and styles that will allow participants to be more effective when adopting and applying a decision making approach to management.
By the end of this training course participants will be better able to:
- Read, analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements
- Understand and quantify the impact of the fundamental accounting concepts and the chosen policies upon any set of accounts
- Recognise and understand the underlying impact of the generally accepted accounting principles and policies on any Balance Sheet and Profit & Loss Account
- Understand the key differences between statutory published accounts and the internal monthly management accounts
- Select the most appropriate method of costing for your organisation and to explain the impact of your choice
- Understand the potential impact of costing methodologies upon financial planning and decisions
- Analyse and make sound investment decisions based upon break even analysis and contribution analysis, with a good understanding of their relative strengths and weaknesses
- Identify and discuss the key financial issues facing an organisation
- Understand the wider commercial impact of any business decision and its interaction with non-financial aspects of the organisation, enabling you to make a better contribution to key discussions and decision making amongst managers and within the organisation
- Value any business using commonly used and widely accepted valuation techniques such as Net Asset Value, Enterprise Value and EBITDA
- Communicate more effectively and easily with Finance Managers, and other Finance professionals; through an in depth understanding of financial terminology, management and evaluation techniques.
Who will benefit from attending this training?
General Managers, Board Directors, Trustees, Company Directors, Principals, Department Heads, Sales Managers, Marketing Managers, Administration Managers, Human Resources Managers, Purchasing Managers, IT Managers, Budget Holders, Production Managers, Technical Managers, Facilities Managers, Site Managers, Property Managers, Advertising Managers, Media Managers, Medical Managers, Charity Heads, Charity Managers, Medical Services Managers, Communications Managers, Logistics Managers, and any other Managers or Executives interested in improving their financial skills and knowledge for the benefit of their organisation and their personal career development.
Internal Staff Training and Development
This workshop, along with most of our other best practice workshops, can be delivered as an internal course at your premises. Even with groups as small as 6-8 delegates, the course fees per person for internal workshops can be lower than for open events. The potential savings are even greater, if the travel time and the travel costs of the delegates are included.
Running workshops internally is very convenient and it allows the participants to explore how key issues will impact on them and their organization. Then as a team they can begin to agree upon a development action plan, with priorities. This approach is favoured by many of our clients as it combines a high quality service with excellent value for money and is a highly effective route for staff development.
Certificates of Professional Development.
This course is recognised for CPD purposes by most professional institutes and associations including the Law Society, the CIM, the CMI, the ICAEW, the Institute of Learning and the CIPD. Formal Certificates of Professional Development will be issued by email to participants who successfully complete this course. These certificates will enable participants to evidence the update of their CPD records. The workshop will consider how to best apply the knowledge gained by the delegates upon their return to the workplace. This element of the programme is designed to maximise the benefits of attending and enable participants to make valued judgments when recording CPD activities