Leadership & Management
Personal Effectiveness
Health & Safety
Education & Training
Quality Management
Room Hire and Facilities
Apprenticeships
NVQ's (QCF)
TSW:iNSPIRE

Finance for Non Financial Managers

This one day workshop is designed to provide managers with a broad understanding of the vocabulary, principles and appilication of accounting and financial techniques used to measure company financial peformance. It will also explore the issues of budgeting and standard costing.

Objectives

By the end of this workshop managers will be able to:

  • Understand the terminology and the principles used in financial reporting
  • Interpret financial statements as indicators of financial performance
  • Apply these principles in a nonfinancial environment
  • Understand the principles of costing and budgeting as the basis of management control

Programme Overview:

  • Introductions
  • Clarifications of objectives
  • Initial discussion of issues from each delegate

The Financial Reporting System:

  • Financial Objectives and Business Performance
  • The balance sheet
  • Accounting principles used for reporting
  • The measurement of profit and the distinction with cash
  • The profit and loss account

Analysing Financial Performance and Responsibilities

  • Key Financial Roles
  • Responsibility accounting and cost centres
  • Classification of costs direct and indirect
  • Determining the unit of activity cost measurement

Product Costing and Budgeting

  • The purpose of budgets
  • Budget construction and coordination
  • Purpose of standard costing
  • Overhead costs
  • Monitoring actual costs