An Introduction to Finance for the Non-financial Manager

Description

As a manager, understanding finances is key to the success of your business.

Finance isn’t just for accountants; it’s an essential skill for anyone who wants to make better business decisions. Whether you’re a business owner looking to understand your numbers, a manager responsible for a team or budget, someone who finds finance meetings difficult to follow, or you want to play a bigger role in strategic and commercial decisions, then this course is for you.

An Introduction to Finance for the Non-financial Manager is a one-day practical, jargon-free course, that shows you how to speak the language of finance, understand the numbers that run your organisation and spot real opportunities to improve profit and cash.

Who is this Course for?
This practical and interactive training course is designed for SME’s, small business owners or managers who have acquired responsibility for some of the financial tasks within their organisation. This workshop will also be useful for more experienced managers who wish to refresh themselves of the basics.

Course Overview
The aim of this practical and participative course is to equip the non-finance manager with practical knowledge, tools, and techniques to use in their workplace. Throughout the course we will have practical examples as well as time for Q&A. By the end of the course, you should be able to speak the language of finance with confidence and use KPIs effectively to manage your business, team or department.

Course Content
This highly interactive course will cover the following key topics:

Finance jargon made simple – cut through the noise:

What the key reports mean and how they are linked to each other

Cash is King – profit is opinion, cash is fact:

The crucial difference between profit and cash

How the cash conversion cycle works

What “working capital” is and why it strangles or supercharges your growth

Forecasting and budgeting – no more guessing:

How to create and monitor realistic budgets

Anticipating future cash flow challenges before they bite

Financial KPIs – if you can’t measure it, you can’t manage it:

Identify the financial KPIs which matter for your area of the business

Building a simple red flag dashboard

Cashflow Story – a case study in action:

Walk through a real business case study

Highlight the risks of “not knowing your numbers”

The Power of One – where profit and cash are really made:

Improving your profit and cash by focusing on the right levers for your business

How a small change can significantly boost profit and cash