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Contact Us
Contact one of our Training Coordinators on 020 7490 3030, e-mail training@itecskills.ac.uk or through the contact us form for more information and a quote.
Course Details
Course Outline
Finance for Non Financial Managers Course in London
You will learn:
Financial accounts
- Profit and loss accounts and how to understand them.
- Reading an income and expenditure account and analysing the finance flows within your organisation.
- Cash and accruals accounting showing how each is used.
- Terminology associated with income and expenditure accounting.
- Communicating effectively with finance professionals.
- Analysing trends in financial flows and formulating appropriate questions.
- Reading a balance sheet and analysing the financial position of the organisation.
- How an asset register is used
- Analysing your accounts.
- Constructing a cash flow statement from narrative information.
- The different rules for charity accounting under the Charity SORP and the presentation of company and housing association accounts.
Management accounts
- The budgeting process.
- How budgeting relates to strategic objectives and good governance
- Constructing a budget.
- Estimating costs and income accurately for budget purposes.
- Using management accounts to understand the past and forecast the future.
- Cost centres – understanding how they are used in your organisation.
- Nominal, purchase and sales ledgers.
- Using benchmarking in constructing a budget.
- Distinguishing between fixed and variable costs.
- Using the concepts of break-even pricing.
- A template to forecast the effects of changing costs, sales volume and price.
- Evaluating opportunity costs.
- A year of free support.
Who Is This Course For?
The Centre works with people from all sectors including the public sector, voluntary sector, corporate sector and private sector.
What Will This Course Help Me Do : Learning Outcomes?
You will be able to interpret your organisation’s financial documents and how your budget fits in. You will be able to analyse your accounts, enabling you to make informed business decisions.
Our Finance for non-financial managers training will give you an understanding of basic financial tools as well as some useful spreadsheets to take away. You will come away more confident and able to communicate on equal terms with financial professionals including your treasurer, finance officer or accountant.
