Finance
Finance for non-financial managers
Outcomes
- people will understand the importance of cash management
- appreciate key financial documents; balance sheets, profit and loss, management accounts and cash flows
- appreciate the importance of applying key ratios and performance indicators
- be capable of preparing reliable budgets and forecasts, incorporating the use of financial data and performance ratios to plan and develop the business
- how to assess and manage capital expenditure and project finance
- understand the appropriateness and application of different methods of costing
Indicative content
- financial terms and jargon - distribution of exercise
- the manager's role - exercise in groups
- key financial documents (incorporating practical exercises);
- Balance Sheets
- Profit and Loss Accounts - Management Accounts
- Cash flow forecasts
- Cash flow statements
- business ratios and key performance indicators - based on the key financial documents included above demonstrating the purpose and interpretation of the ratios
- budgeting and forecasting - including group exercises
- assessing and managing capital expenditure and project finance - practical exercises
- costings - practical exercise based on company product
- financial terms - completion of exercise issued earlier
