Finance & Budgets Made Easy for Non-Financial Managers

Description

Introduction 
This course is aimed specifically at managers with no financial background who require a practical understanding of business finance. It will provide candidates with essential knowledge of the financial aspects of business and provide them with practical skills for enhancing the profitability of their business.

Course Content

• Introducing financial basics
• Evaluating costs & profitability
• Understanding the interaction of margins
• Identifying product & service costs
• Distinguishing direct from indirect costs
• Identifying the components of financial statements
• Evaluating assets & liabilities
• Looking at accruals and stock accounts
• Budgeting: simple techniques that work
• Identifying four different methods of budgeting
• Avoiding common budgeting pitfalls
• Learning how to budget effectively
• Getting your budget approved

Learning Outcomes

• Candidates will be able to evaluate costs and profitability
• Identify the components of financial statements
• Compile an adequate budget using simple techniques
• Help to regulate their business cash flow