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Finance for Non-Financial Managers

Delivered through the Dorset Training Academy, this comprehensive two-day course is designed to help non-financial managers understand the fundamentals of business finance, give you confidence when making financial decisions and the knowledge of how your decisions affect your organisation’s financial performance.

The course is designed to help demystify financial jargon and to help you understand and use a range of different financial techniques to improve your abilities as a manager.

You will look at the different financial reporting statements and gain crucial skills to be able to read and interpret the financial information and reports that you are regularly presented with.  You will gain an understanding of financial measures that can be used to improve performance and develop your confidence alongside a greater understanding of the financial aspects of your own organisation.

By the end of this course you will be able to:

  • Review financial information with more confidence and better understand your management accounts and budget reports
  • Understand profit and loss accounts and balance sheets
  • Understand the difference between profit and cash and how your day-to-day decisions impact these
  • Understand sources of funding (debt vs equity)
  • Understand working capital
  • Analyse costs understanding cost types, behavior and financial treatment to be able to put together robust budgets
  • Understand the budgeting process, accessing variances and re-forecasting budgets
  • Demystify the rules of capital expenditure vs operational expenditure helping you to justify investments to your senior managers
  • Understand the different types of organisations
  • Understand key financial ratios

The two-day course is a minimum of 15 contact hours, and will be delivered at the Cranford Avenue College site. Free parking is available and refreshments and lunch will be provided.  Training can be delivered on site to meet business needs, please contact us to discuss a pre-course assessment of your premises.

A maximum of 15 students are allowed on all training sessions and there is no exam at the end of the course. Successful completion of course is based on continual assessment throughout the duration of the course and Weymouth College certificates will be distributed within 10 working days of the end of the course.

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