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Course Details

Finance for Non-Financial Managers

Start Date Tuesday, 30 September 2008
Location Regus, Exeter
Region Devon
Days 1
Cost £ 159.00 + VAT
Course Type Workshops 1 Day
Section Finance
Tutor Philip Avery
Description

Course Summary

All businessmen and women must understand the financial management of their business, as much as they understand what it does, if they are to keep it healthy and prosperous and make money. Large corporations have teams of management accountants to advise them but you can get the same information using simple concepts and techniques that will enable you to run your business rather than it run you.

What You Will Learn

  • The jargon, explained simply
  • Why ‘profit’ can be dangerously misleading
  • What the various financial statements are used for and how YOU can interpret them
  • Why knowing the breakeven point is vital to your business success
  • How to calculate what working capital you need
  • How to interpret budgets
  • How to use your accounts to make more money

 

Who Should Attend

Anyone who wants to run a business, or his or her part of it, profitably and to understand its financial management but does not have a strong accountancy or business background.

Workshop Timetable

9.00am Welcome & coffee

 

9.15am Introduction to the three financial accounts
Exploring their interaction
 Using the balance sheet

 

 

10.45am Break

 

 

11.00am Looking at budgets
The different types of costs
The importance of the breakeven point
The relationship of costs to breakeven

 

 

1.00pm Lunch

 

 

2.00pm Costing to meet profit objectives
Costing for special orders
 What IS working capital?

 

 

3.00pm Break

 

 

3.15pm Using the accounts to analyse a business
 Working with ratios

4.30pm Close

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