Finance for Non-Financial Managers and Professionals
Dates: 2nd – 3rd August 2023, Online + Live Streaming
Introduction
This course has the aim of giving you an excellent grounding in finance for the non-financial manager. In other words, it’s going to share with you the words, the phrases and the methods of working of bookkeepers, accountants, and some finance people.
The course encourages you to work in a step by step way using a variety of methods:
- Good old fashioned reading for knowledge, understanding, application and analysis
- Arithmetic: basic calculations involving + – / * and maybe a little more, such as fractions and percentages
- Spreadsheeting: since we’ve all got Excel or something that will work with Excel why not use it: so we will. In some cases I will parts of a spreadsheet, in other cases I will hand it over to you for you to explore on your own
Learning Outcomes
This course has been written for junior, middle and senior managers who do not work in accounting or finance but who need to know what happens in accounting and finance! By the end of the course, you will
- Be able to distinguish between and use the three major financial statements
a. Income Statement
b. Balance Sheet
- Carry out an analysis of financial data using a variety of techniques, including ratio analysis
- Carry out a qualitative analysis of financial and non-financial data
- Review the annual report and accounts of organisations, including the notes of explanation found in those reports
- Identify trends and strategies contained in financial and non financial data and reports
c. Cash Flow Statement
Objectives
- Maintain continuous project performance and delivery control
- Accurately estimate and allocate project costs and resources
- Measure, forecast and control project performance by employing earned value techniques
- Manage and mitigate schedule, cost, scope, and resource risks associated with the project
- Develop a project recovery plan for budget and schedule overruns
The Practical Materials
There are many practical examples in use throughout this course and what I have done is to use data from companies that I think most if not all of the delegates will be familiar with: amazon.com and Apple Inc. I do add some more companies’ data at times, however. I do say, though, that if you think you are bored with amazon.com and Apple Inc, please go and find your own data since you can arrange them in the same way as I have and you will lose nothing by doing that
Program Modules:
Section 1: Building the Accounting Picture
Section 2: Identifying a Bookkeeping Transaction
Section 3: Building Financial Statements
Section 4: Business Analysis
Section 5: Correlation and Correlation Matrices
Section 6: Technical and Fundamental Analysis
Section 7: Financial Statements: basic analysis
Section 8: Financial Statements Analysis: in detail
Section 9: Benchmarking of Financial and Non Financial Performance
Section 10: Review Annual Report and Accounts Non-Financial Data