Finance for non-finance managers

Professional Development

Overview

This course will look at the key concepts of both financial and management accounting for delegates who are not accountants. The course will build confidence in how financials affect commercial organisations and the indicators of financial success or decline. It will also explore the internal and external information needed for stakeholders and the interpretation of such information.

Suitable For

This course is suitable for non accountants working in any industry who need to build more skills and knowledge around financial data.

6 CPD hours
6 hours
Jersey

This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will be aware of:

  • The need for financial records and the fundamental concepts of financial statements
  • The format of balance sheets and profit and loss accounts
  • How to interpret a set of financial statements
  • The concepts of liquidity
  • The concepts and methods of budgeting, forecasting and re- forecasting
  • The use of budgeting and management accounting within performance management
  • Classifications used in the analysis of costs including by function, direct and indirect, fixed and variable
  • How to define and distinguish between capital and revenue expenditure



Session content

  • The fundamental concepts of financial statements
  • The format of balance sheets and profit and loss accounts
  • Standard accounting adjustments
  • How to interpret a set of financial statements
  • The concepts of liquidity
  • The concepts and methods of budgeting, forecasting and re- forecasting
  • The use of budgeting and management accounting within performance management
  • Classifications used in the analysis of costs including by function, direct and indirect, fixed and variable
  • How to define and distinguish between capital and revenue expenditure