Financial Skills for Non-Financial Managers

Introduction

This one day training course will look at the tools and processes you need to build, present and work with your budget, understand a Profit and Loss Statement, Cash Flow and a Balance Sheet. The course will also explain where the financial figures come from to make up these reports.

Course Aim

By successfully completing this course you will acquire a range of important skills to:

• Help you prepare, manage and understand budgeting
• Become proficient at interpreting and creating balance sheets
• Become proficient at understanding and creating a profit and loss statement
• Understand how to persuade peers and senior managers with numbers.

Course Outline

Budgeting Basics

• What is a Budget?
• How Organisations Budget
• The Budgeting Process
• Accounting Conventions

Preparing Your Budget

• Getting the Right Format
• Doing the Groundwork
• Getting the Numbers Right
• Presenting Your Case
• Handling Cuts

Managing Your Budget

• Budget Management Processes
• Reviewing Your Budget
• Controlling Costs
• Monitoring Expenditure
• Taking Corrective Action

Understanding Profit and Loss

• Profit in Perspective
• Costs and Revenues
• The Trading Statement
• The Profit and Loss Account

Understanding Balance Sheets

• Owning and Owing
• The Ever-Changing Balance
• Good Health
• Money to Hand
• Presenting a Balance Sheet
• Interpreting a Balance Sheet

Understanding the Cash Flow

• Where the detail comes from
• Constructing a Cash Flow
• Projecting the Cash Flow

Target Audience

This course has been designed for all persons involved with developing budgets and who need to understand the financial data used within an organisation. Equipping them with the knowledge to be able to use their skills and techniques to their company's advantage.

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