Finance for Non-Finance Managers
Finance for Non-Finance Managers is not a module that sets out to turn every manager into an Accountant—very much the opposite. This module puts in simple terms the key financial statements that business use to report performance. Using interactive exercises, elements of the Profit & Loss Account and Balance Sheet are explored, with a look at how they pull together and are then used by Senior Management and other stakeholders to track performance. This is your chance to have it explained in simple terms.
Key Learning Points This module is specifically designed for non-finance staff and attempts to explain the mysteries behind a set of Accounts. By the end of the session you will have been taken through the difference between your personal finance and accounting for money and how this compares to what companies are expected to do. This session will look at the basic financial statements of the profit & loss account and the balance sheet. You can expect to be Part of this session is classroom based taking you through step by step how accounts are prepared and the impact different transactions has on a set of accounts. The second part of the session is more interactive as working in groups you will prepare a set of accounts for a small manufacturing company. Sounds complicated—but dead simple. Most company financial information is sensitive, so it will be difficult to bring examples to the session to share. If you have any general questions though, do bring them along.
Flexible timings please call 0777 586 42 49
After the course you will have an appreciation for some of the terminology used in the communication of financial information and the interaction of different transactions on the business. You may have also had the chance to gain a better understanding of your own company's accounts and terminology that you can take back to work.