Course
Finance for Non-Finance Managers
Course Duration
1 Day
This hands on one day course is designed to introduce managers and business owners who do not have a background in finance to the financial reports, concepts and terminology which they are likely to come across in business management.
It gives an introduction to the background and principles of UK accounting, and examines the most commonly used management reports which will give an understanding of the business from a finance perspective.
Dummy company data and reports will be used on open group courses, however for a more tailored analysis bespoke training can use your own company reports within the exercises.
Public Scheduled Dates
It gives an introduction to the background and principles of UK accounting, and examines the most commonly used management reports which will give an understanding of the business from a finance perspective.
Dummy company data and reports will be used on open group courses, however for a more tailored analysis bespoke training can use your own company reports within the exercises.
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Public scheduled prices per delegate +VAT
This course is available as a private event. A private event can be held at one of our venues, your location, or somewhere else if you prefer.
Prerequisites
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- There are no prerequisites for this course
What's included
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- Lunch and refreshments when training is delivered at our training venues
- Comprehensive course materials and exercises
Course Content
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Key TopicsThe role of finance in business
Understanding accounting ledgers (General / nominal ledger, cashbook / bank, debtors / receivables, creditors / payables, stock / inventory)
Bookkeeping fundamentals and accounting principles (the concept of double entry book keeping, the Trial Balance, UK GAAP, accruals and prepayments, cost of sales, depreciation)
Understanding and interpreting key financial statements (Balance sheet, Profit and Loss / Income and Expenditure)
Understanding and Calculating basic KPIs and ratios (Gross profit, margin, net profit, current ratio, day sales outstanding, stock turnover)
Developing budgets and forecasts, and analysing these against actuals
Understanding cashflow
Understanding financial terminology and jargon -
Follow-on ModulesFollowing on from this one day introduction several more specific half day modules are available which go into further detail on:
Understanding Cost of Sales (Stock valuations / Work in Progress / direct labour charges).
Advanced KPIs and Ratios
Understanding your management information (bespoke examination and explanation of your own company reports)
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Learn with IT Training Solutions. Small class sizes. Course materials included. Flexible course content. Expert trainers and tried & tested training methods. Course materials available online using your personal training account.
Please contact us to book a place or request a quote for your course.
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Course Options
Please contact us to discuss options for this coursePrivatePrivateFlexible content, flexible date, flexible location, variable length, private to your organisation - Courses can be held at one of our training venues or at another location convenient to you. Training can be set over a number of days or weeks to allow for practice time between training sessions.BespokeBespokeBespoke private training can be based on an existing course or a number of lessons taken from several courses, we can also write bespoke courses for you based on your in-house systems or development program.VirtualVirtualThese courses can be attended from anywhere.
- Virtual Training
IT Training Solutions Ltd
Oakville, 14 Durham Road West, Bowburn, Durham, DH6 5AU
0191 377 8377
ittrainingsolutions.co.uk
Printed:4/25/2024 1:02:22 AM
Oakville, 14 Durham Road West, Bowburn, Durham, DH6 5AU
0191 377 8377
ittrainingsolutions.co.uk
Printed:4/25/2024 1:02:22 AM