Finance for non Financial Managers

Duration: 2 days

This course is aimed at those who need to understand the financial implications of their day-to-day decisions to increase the profitability and performance of their business. This course is suitable for managers with little or no financial knowledge.

This course shows how to interpret key financial statements highlighting the questions and areas that matter. It identifies warning signals that managers need to be aware of and shows how to understand key performance indicators to drive profitability. The course will also cover the essentials of budgeting and forecasting as well as addressing key financial terms such as goodwill and accruals and prepayments. Delegates will learn how to appraise capital projects with confidence, allowing them to make the best decisions for their business

Time will be set aside during the course for a case study, review sessions and time for questions and answers. Where this course is run as a in house course we suggest including some of your examples.

By the end of the course you will be able to:

  • Understand financial accounts and reports
  • Use and understand of financial concepts
  • Interpret financial results using ratios
  • Manage budgets more effectively
  • Sole traders, partnerships and limited companies
  • How a company is structured and basic corporate governance
  • Cash v accrual accounting
  • The business cycle
  • How a company is funded – debt and equity
  • Loans, bonds and derivatives
  • Financial Objectives of the business
  • Users of the accounts
  • The Income Statement and Balance Sheet
  • Understanding capital employed
  • The relationship between balance sheet and income statement
  • The cash flow statement
  • Return on Capital Employed (ROCE) & Return on Assets (ROA)
  • Return on Shareholders’ Funds (ROSF) & Return on Equity (ROE)
  • Profitability – gross, operating and net margins
  • Operating gearing
  • Asset Turnover
  • Working Capital and the Working Capital Cycle
  • Stock, Debtors and Creditors turnover
  • Current Ratio and Acid Test
  • Cash is king
  • Gearing ratios
  • Interest cover
  • The effect of debt
  • Leverage factors
  • Du Pont Analysis – ROA & ROE and the part that debt plays
  • Depreciation and Amortisation
  • Accruals and Prepayments
  • Deferred and Accrued Income
  • Costs, opex and capex
  • Budgeting process (generic / client specific if possible)
  • Forecasting and re forecasting process
  • The need for accurate forecasting
  • Accrual v cash accounting revisited
  • Review of client’s management information reports
  • Break even analysis
  • Discounted Cash Flow
  • Discount factors and Net Present Value (NPV)
  • Internal Rate of Return (IRR)
  • Valuing property / bonds and other assets
  • The impact of interest rates
  • Buying a future cash flow
  • PE Ratios and Yields
  • Value v Momentum Investing, Cyclical and Defensive stocks
  • Goodwill

Course was enjoyable and covered all the basic finance concepts. Trainer was engaging and very funny. All the examples he gave were easy to understand and not all finance related. used interesting companies.

Tokyo Electron logoJulie, Tokyo Electron Europe Ltd.

I would recommend the course. It gives a good basic knowledge to non financial people in just one day time. I found it good as it keep the students constantly involved during the training session. The P&L Analysis was particularly interesting and helpful to me.

Tokyo Electron logoAntonio, Tokyo Electron Europe Ltd.

Excellent course and trainer. Our trainer not only had very good knowledge but was able to communicate it and share it in an effective and enjoyable way. He is probably one of the best in his field at delivering this material.

Tokyo Electron logoPaul, Tokyo Electron Europe Ltd.

Trainer knew the material & delivered it in an excellent easy to understand manner. Very interactive & helpful.Communication from trainer very good.

Tokyo Electron logoDermot, Tokyo Electron Europe Ltd.

Excellent course and trainer. An object lesson in how to make a potentially dry topic interesting.

Tokyo Electron logoDuncan, Tokyo Electron Europe Ltd.

Excellent course and trainer. I would recommend it because it was the first time to get a clear overview. For me was it perfect – exactly what I need. What I found most useful was using real data from real companies.

Tokyo Electron logoMartin, Tokyo Electron Europe Ltd.

I would recommend the course, pitched at just the right level for Non Financial personnel to understand how to interpret the basics. Ted made what could be regarded as a ‘dry subject’ interesting, engaging, relevant to the attendees needs and expectations and dare I say ‘fun’. Maybe the best testimony is that it has encouraged me research more on the subject and increase my understanding further. Minimal use of slides. Good use of flipcharts. Content related to company accounts.

Tokyo Electron logoJulian, Tokyo Electron Europe Ltd.

Excellent course and trainer. Course content was extremely interesting but too compressed , would benefit from being a 2 day course.

Tokyo Electron logoDerek, Tokyo Electron Europe Ltd.

Excellent course and trainer. Really good exchange – Really good example shared.

Tokyo Electron logoEric, Tokyo Electron Europe Ltd.

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