Equipping you with the ability to analyse your business and make even more informed, strategic decisions.

Many managers, who do not have a financial background experience difficulty coming to grips with the financial aspects of a business problem, or in communicating with financial people. It is difficult for managers to manage costs if they do not understand exactly what costs are, how they behave and how they have been allocated. An understanding of the financial consequences of any managerial decision is vital. So too is sufficient knowledge of the language of business to allow for communication with financial people. The Financial Skills for Management (Finance for Non-Financial Managers) workshops are ideally suited to non-financial managers and business owners who wish to increase their financial knowledge, with the purpose of analysing their businesses and making informed business decisions.

Benefits of our FNFM Programme:
Many managers, who do not have a financial background experience difficulty coming to grips with the financial aspects of a business problem, or in communicating with financial people. It is difficult for managers to manage costs if they do not understand exactly what costs are, how they behave and how they have been allocated. An understanding of the financial consequences of any managerial decision is vital. So too is sufficient knowledge of the language of business to allow for communication with financial people.

Who is this course for?
The Financial Skills for Management (Finance for Non-Financial Managers) workshops are ideally suited to non-financial managers and business owners who wish to increase their financial knowledge, with the purpose of analysing their businesses and making informed business decisions.

Duration and structure of this course:
The course takes place over 3 days at Henley Campus.

Curriculum
In order to gain a full understanding of these key areas, programme participants will have explanations reinforced by practical exercises and participation in short case studies. Participants will receive a concise easy-to-read set of notes which they will find useful for future reference.

Modules:

• Profitability: the causal relationship between margins, volumes and overheads.
• Cost management: including key cost calculations.
• Cash flow: forecasting and the key elements of working capital management.
• Financial health: how to interpret financial reports such as income statements and balance sheets, and recognise what action is necessary to improve the health of a business.
• Budgeting: an explanation of the need for budgeting and the processes involved in preparing budgets.