Finance for Non Financial Managers Training Course

Outline

This course designed to send you back into your businesses confident in your understanding and application of basic financial terms and concepts.

It assumes no prior knowledge and uses everyday terminology to dispel the mists put up by the financial world which perhaps encourage you to believe it is difficult – it isn’t; and what’s more it can be fun!

Objectives:

• To enable delegates to understand financial language and concepts

• To be able to use that understanding in their business context through:

  • Contributing constructively in conversations around financial issues

  • Understanding how they may be able to act differently in their work environment to support better financial outcomes

• To take away the ‘fear factor’ of finance and appreciate that at its heart it is really simple

Structure:

A programme crated to enable delegates to learn while keeping up to date with their work commitments.  It will be in three sections: Two sessions either side of a 90 break for work and lunch. A 60 minute catch up a week later having taken away and acted on their action plans with a further opportunity for questions and feed back.

Key workshop areas:

Session 1 10.30 – 12.30

• Financial jargon
• Where does all the money come from – sources of funds
• Fixed assets, depreciation, EBITDA and other things to be scared of…
• Working capital – what is it and why does it matter?  Seeing how Covid-19 is impacting this massively
• A memorable model to tie all of this together – bring your coloured pencils!
• Action planning – where do you play your part on optimising working capital

Session 2 14.00 – 15.30

• Another model - this time looking at how we influence profitability
• What are the different kinds of cost and expenditure and why it matters?
• Profitability: Net, gross, bottom line, operating, retained, EBIT – let’s sort it all out
• Action planning – how can you influence this in your organisation
• Published accounts:  an opportunity to look at a well-known company. I’ve used this company for years and always wondered about one number! What did the press say only last year, where did it all go wrong and what happened?

Session 3 – a week later 09.30 - 10.30

• A one hour opportunity to ask any further questions once you have started to relate all of this to your business area.
• Action planning – how is it going?

Online Course Details