Finance and Accounting for Nonfinancial Managers Training

Level: Foundation
Rating: 4.6/5 4.56/5 Based on 27 Reviews

All too often, a manager’s performance is measured by how effectively they oversee departmental budgets. This course transforms financial and accounting concepts into decision-making tools you can use successfully. You learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities.

Key Features of this Finance and Accounting for Nonfinancial Managers Training:

  • After-course instructor coaching benefit
  • Learning Tree end-of-course exam included

You Will Learn How To:

  • Integrate financial concepts and policies into the management decision and budgeting process
  • Evaluate the financial performance of companies
  • Employ cash flow techniques to analyse business status
  • Calculate the cost of business activities
  • Control business operations through effective budget management

Certifications/Credits:

PMI 17 PDU

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In Class & Live, Online Training

  • 3-day instructor-led training course
  • After-course instructor coaching benefit
  • Learning Tree end-of-course exam included
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Standard £1195

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PRODUCT #280

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In Class & Live, Online Training

Note: This course runs for 3 Days *

*Events with the Partial Day Event clock icon run longer than normal but provide the convenience of half-day sessions.

  • 18 - 20 Nov 9:00 AM - 4:30 PM GMT London / Online (AnyWare) London / Online (AnyWare) Reserve Your Seat

  • 17 - 19 Feb 9:00 AM - 4:30 PM GMT London / Online (AnyWare) London / Online (AnyWare) Reserve Your Seat

  • 19 - 21 May 9:00 AM - 4:30 PM BST London / Online (AnyWare) London / Online (AnyWare) Reserve Your Seat

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Partial Day Event

Learning Tree offers a flexible schedule program. If you cannot attend full day sessions, this option consists of four-hour sessions per day instead of the full-day session.

Important Finance and Accounting for Nonfinancial Managers Training Information

  • Requirements

    There are no formal prerequisites for this course.

Finance and Accounting for Nonfinancial Managers Training Outline

  • Why Finance Matters

    • Demystifying financial jargon
    • Generally Accepted Accounting Principles (GAAP)
    • Public vs. private financial methodologies
    • Accountability and responsibility
  • The Key Building Blocks of Financial Control

    Decoding the income statement

    • Differentiating income, operating and capital expense items
    • Putting the pieces together to measure profit and business success
    • When a sale becomes a sale: sales recognition

    Analysing the balance sheet

    • Evaluating the worth of an established business
    • Distinguishing between fixed and current assets and liabilities
    • Defining depreciation and amortisation
    • Linking the income statement to the balance sheet
    • Shareholder equity
  • Cash Flow: The Lifeblood of Organisations

    Making the key connection between business activity and cash flow

    • Differentiating between cash flow, profit and net worth
    • Connecting cash management to line management
    • Credit and cash flow
    • How much cash is enough?

    The importance of depreciation and amortisation

    • How depreciation impacts your budget over time
    • Methods for calculating depreciation
    • Advantages and disadvantages of various key methods
    • Impacting the management budget
  • Managing a Profit or Cost Centre

    Selecting the best costing method for your situation

    • Absorption, marginal, activity-based costing
    • Determining costs in service businesses
    • Avoiding costing traps

    The unique features of project costing

    • Estimating project duration and future costs
    • Leveraging debt to your advantage
    • Anticipating problems using cost control
    • Making estimates based on incomplete information

    Choosing projects that optimise shareholders' interests

    • Making the financial case using ROI
    • Advantages and disadvantages of ROI, payback, discounted cash flow (DCF) and NPV techniques
    • Selecting viable projects
  • A Manager's Guide to Budgeting

    Recognising that budgets are more than numbers

    • Budgeting as sociology, not accounting
    • The politics of getting a budget approved
    • The relationship between a well-designed budget and how others measure your performance
    • Managing effectively within budgeting constraints

    Comparing budget approaches

    • Top-down
    • Bottom-up

    Types of budgets

    • Incremental
    • Zero-based
    • Rolling
    • Others
    • Developing the budget numbers

    Budgeting as a planning and control tool

    • Using the budget to control the business
    • Limiting factors
    • Budget process and coordination
    • Forecasting sales revenues and expenses
    • Adjusting the budget to reality
  • Pulling It All Together

    • Applying financial tools and concepts in the real world
    • Evaluating a company's health through its annual report
    • Comparing public and private sector practices
    • Recognising potential traps in creative accounting

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Finance and Accounting for Nonfinancial Managers Training FAQs

  • Can I learn Finance and Accounting for Nonfinancial Managers Training online?

    Yes! We know your busy work schedule may prevent you from getting to one of our classrooms which is why we offer convenient online training to meet your needs wherever you want, including online training.

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