Course Details

Course Title:  Accounting and Finance for Non Finance Staff

Course ID:  FA268E

Fees:  2,250

Days:  4

Introduction

This successful workshop is a "must attend" and brings alive how to use financial information in order to make informed business decisions. Delegates will be introduced to the language of Business Finance through non-technical explanations with many practical exercises and understand how to monitor and control the financial outcomes of decisions as they are implemented. To improve business performance through a specially designed programme so that delegates will be able to:

• Understand the Principles of Business Finance
• Read and understand Financial Information
• Be aware of the influence of Cash Flow on a Business
• Understand different types of costing
• Be aware of the nature of preparing and using Budgets
• Appreciate the approach to Investment Appraisal

Course objectives

At the end of this course, par

ticipants will be able to

§ Explain the purpose of and interpret balance sheets and profit and loss accounts.

• Make recommendation for expenditure backed by analysis of the financial issues.
• Define key types of cost and costing methods

§ Monitor budgets and variance analysis

Prerequisite

None

Who should attend?

All managers and executives who are not accountants or work in finance departments

Course Outline

Day One

• The principles of Business Finance
• Gaining information from Company Accounts & The Balance Sheet

Day Two

• Profit and How it is Earned
• The Profit and Loss Account
• Expenses, Costs and Types of Cost
• Break Even Analysis

Day three

• Absorption, Marginal & Activity Based Costing
• Contribution Costing
• Budgetary Control
• Preparing Budgets

Day four

• The Budget Process
• Method of Investment Appraisal
• Sources of funds
• Value Analysis