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Finance and Accounting for Nonfinancial Managers

COURSE TYPE

Foundation

Course Number

280

Duration

3 Days

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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.

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

Course 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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Convenient Ways to Attend This Instructor-Led Course

Hassle-Free Enrolment: No advance payment required to reserve your seat.
Tuition Fee due 30 days after you attend your course.

In the Classroom

Private Team Training

In the Classroom

Tuition Fee — Standard: £1695  

19 - 21 Dec (3 Days)
9:00 AM - 4:30 PM GMT
London London Reserve Your Seat

How would you like to attend?

In-Class

11 - 13 Apr (3 Days)
9:00 AM - 4:30 PM BST
London London Reserve Your Seat

How would you like to attend?

In-Class

1 - 3 Aug (3 Days)
9:00 AM - 4:30 PM BST
London London Reserve Your Seat

How would you like to attend?

In-Class

Guaranteed to Run

Private Team Training

Enroling at least 3 people in this course? Consider bringing this (or any course that can be custom designed) to your preferred location as a private team training.

For details, call 0800 282 353 or Click here »

Tuition Fee

Standard

In Classroom or
Online

Standard

£1695

Private Team Training

Contact Us »

Course Tuition Fee Includes:

After-Course Instructor Coaching
When you return to work, you are entitled to schedule a free coaching session with your instructor for help and guidance as you apply your new skills.

Free Course Exam
You can take your Learning Tree course exam on the last day of your course or online at any time after class and receive a Certificate of Achievement with the designation "Awarded with Distinction."

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Training Hours

Standard class hours:
9:00 a.m. - 4:30 p.m.

Last day class hours:
9:00 a.m. - 3:30 p.m.

Free Course Exam – Last Day:
3:30 p.m. - 4:30 p.m.

Each class day:
Informal discussion with instructor about your projects or areas of special interest:
4:30 p.m. - 5:30 p.m.

AFTERNOON START class hours:
2:00 p.m. - 9:30 p.m.


Last day class hours:
2:00 p.m. - 8:30 p.m.


Free Course Exam – Last Day:
8:30 p.m. - 9:30 p.m.


Each class day:
Informal discussion with instructor about your projects or areas of special interest
9:30 p.m. - 10:30 p.m.

Enhance Your Credentials with Professional Certification

Learning Tree's comprehensive training and exam preparation guarantees that you will gain the knowledge and confidence to achieve professional certification and advance your career.

Earn 17 PDUs


PMI, the Registered Education Provider logo, PMP, CAPM, PMI-ACP,
and PMBOK are marks of the Project Management Institute, Inc.

“Since attending the Finance for Non-Financial Managers course I now have a better understanding of the language used within Finance and application of simple financial concepts”.

- F. Alturkait, Director
Dandelion Property Solutions Ltd.

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