Strategic Finance for Non-Financial Managers

“Excellent course, great for gaining an understanding of the operational and strategic financial environment. Excellent tuition and learning materials from Wendy.”
- Course Attendee

This course would benefit any Service leaver applying for a management, director or non-executive role, however, it would equally benefit anyone joining a commercial business in another role across a wider variety of industries.

The course provides and overview of the accounting process to final accounts level with a focus on strategic level reporting, budgeting, financial control, and profit planning. 

For those considering setting up and running a small business, on a self-employed or limited company basis, we also offer a 5-day 'Accounting in a Small Business' course.

The course covers the typical content of Finance for Non-Financial Managers which is used widely across industry in the UK and overseas to equip managers with the commercial awareness that businesses demand.
Additionally, the course explores strategic considerations of financial decision making and, in addition to statutory reporting, internal management reporting for board members and senior managers.

Content includes:

Finance fundamentals: 

• Business structures, ownership and liability
• Overview of the accounting process, transaction recording and requirement to keep accounts
• Share capital and business finance
• Terminology, including assets, liabilities, income and expenses
• Accrual accounting, revenue and cost recognition
• Capital expenditure, depreciation and amortisation.

Financial reporting:

• The Income Statement (P&L), Balance Sheet, and Cash Flow Statement
• Internal reporting compared to statutory reporting
• Statutory accounts and the regulatory reporting framework
• Accounting standards, concepts and conventions
• Audit and scrutiny of accounts.

Interpreting financial statements:

• Using ratios to interpret financial statements
• Return on Investment measures
• Measuring performance and interpreting results. 

Financial management, planning and control:  

• Cash flow and working capital management
• Cost structure and operational gearing
• Contribution margin, break-even and profit planning
• Strategic financial decision making
• Financial planning, budgeting and financial control
• Capital investment appraisal.