Finance for Non-Financial Managers Programme – Part 2
This programme focuses on providing a comprehensive understanding of key finance concepts for non finance non-managers from accounts production and interpretation to budgeting and forecasting and audit. This is Part 2 of the programme and covers the second 4 modules.
Who is this for?
This course is for anyone who wants to understand about developing the business case, constructing budgets, accurate forecasting, financial evaluation of options as part of a company’s decision making process.
What will you learn...
Introduction to Strategy and the Business Case
- PESTLE
- SWOT
- Porter’s work
- Product mix
- Understand the difference between Vision and Values and the financial impact of each
- Use a range of option generation techniques
- Apply basic risk analysis to a chosen course of action
- Prepare a quality business case using appropriate structure and language to enable senior managers to select the right course for their organisation.
Introduction to Investment Appraisal
- Payback period
- Discounted payback period
- Accounting Rate of Return
- Net Present Value
- Internal Rate of return
- Understand the benefits and drawbacks of each approach
- Explain what relevant costs are when using such methods
- Carry out simple spreadsheet examples
- Explain the potential pitfalls of such evaluation methods in the wider business case context
Introduction to Budgeting
- Explain the organisational structures that lead to a robust budget creation
- Construct a supported budget on an accruals basis
- Construct a cash budget
- Appreciate the difference between revenue budgets and capital budgets
- Explain and calculate budgeted costs for goods using absorption or marginal costing
- Calculate a break even sales volume for goods
- Profile a budget
- Appreciate the challenges and behavioural issues surrounding budget construction
Introduction to Forecasting & Reporting
- Risk identification, cost overrun, delays, performance
- Explain the reasons for a range of financial variances that may occur within an organisation
- Forecast end of year figures using seasonal variation and budget flexing
- Design better management reports with reference to best practice
- Avoid perverse management behaviour by looking at a balanced set of reporting criteria (Balanced Scorecard)
Book You Course Now
Course ID: FIN04
Duration: 5 days
Course fee: £3,900.00
Meet your Tutor
Patrick opio
MSc MSc DIC MAPM
Project Managment Proffessional and trainer with nearly 20 years UK and overseas experience in planning and project controls.