Course Details
Finance for Non-Financial Managers
| Start Date |
Wednesday, 22 September 2010 |
| Location |
Buckerell Lodge, Exeter |
| Region |
Devon |
| Days |
1 |
| Cost |
£ 179.00 + VAT |
| Course Type |
Workshops 1 Day |
| Section |
Finance |
| Tutor |
Philip Avery |
| Description |
Course Summary
Every decision we make as managers affects the money in the business. 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 management accounts
- How to use your accounts to make more money
Who Should Attend
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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
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Income statement (profit and loss)
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Balance sheet
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Cash flow
Exploring how they work together
Using the balance sheet
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Getting management information
10.45am Break
11.00am Looking at management accounts
The different types of costs
The importance of the breakeven point
The relationship of costs to breakeven
1.00pm Lunch
2.00pm Costing to make profit objectives
What IS working capital?
3.00pm Break
3.15pm Using the accounts to analyse a business
Working with ratios
Summary
4.30pm Close
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This course can be booked online at www.crisp-cpd.com
Or contact us on 0845 245 0417
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