DUBLIN--(BUSINESS WIRE)--The "Finance for Non-Financial Managers" training has been added to ResearchAndMarkets.com's offering.
Finance for Non-financial Managers training course is designed to provide non-financial managers with a greater understanding of the way finance affects their business performance.
This course will enable managers to become strategic thinker and planner and help them become a bigger players in corporate world.
By the end of the course, participants will be able to:
- Understand fundamental financial terminology and concepts
- Read and interpret financial statements
- Gauge the financial impact of operational decisions
- Understand the basis for evaluating investment decisions
- Integrate financial concepts and policies into the management decision and budgeting process
- Evaluate the meaning of income statements and balance sheets Employ cash flow analysis to assess business status
- Calculate the cost of business activities
- Control business operations through effective budget management
- Communicate effectively with financial executives and staff
Course Content
Introduction to Financial Statements
- Importance of financial measures
- Financial accounting and management accounting
- Participants' needs and wants from the course
- Introduction of the basics of accountancy
The Balance Sheet
- The key components of the Balance Sheet
- About Fixed Assets
- Current Assets - what they are, and how to improve
- Current Liabilities - what they are
- The vital importance of Working Capital management
- About Gearing
The Income and Expenditure Account (or Profit and Loss Account)
- The key components of the P&L Account
- Why Profit is so important, and how it links to the Balance Sheet
- Understanding Ratios
- Managing the Gross Profit Margin
- How managers worsen, or improve, the Gross Profit Margin
- Different types of costs
Using Ratios to benchmark Performance
- What are the key ratios
- What do they mean
- Using these ratios to benchmark our performance
Return on Capital Employed
- What is Return on Capital Employed?
- Elements of ROCE
- Comparison of ROCE
- Financial Analysis with ROCE
Moving from Analysis to Forecasting
- The principles of Forecasting and Budgeting
- Revenue Budgets - what they are, how to use the 3 approaches to budgeting to motivate improved performance
- Capital Expenditure - understanding the time value of money
- Cost - Benefit Analyses - projects, new equipment, more staff, they all cost money
- How to do a Cost-Benefit Analysis
- Where budgeting can go wrong, and how to avoid the principal problems
For more information about this training visit https://www.researchandmarkets.com/research/dfk3wf/5day_course?w=4
