Executives and business professionals need to understand the financial factors critical to business success. This Finance for Non-Finance Professionals training course will show how finance works in today’s fast-moving business environment. For any business the key elements of profitability, liquidity and financial structure are critical to continuing success and competitiveness. So, these three elements are comprehensively explored and developed at all levels of business activity.
You will learn about the accounting processes of recording and reporting business transactions, and how these are summarised as periodic financial reports in accordance with statutory requirements. You will also learn how these financial reports are analysed by a variety of user groups.
This Finance for Non-Finance Professionals training course also has an inward focus and will explain why management accounting is essential to business survival, and success. It will show how budgeting can control costs and improve profitability. It will explain and develop tools and techniques for evaluating proposed new investment projects. This training course will enable you to understand the business from both a financial and strategic perspective, and how business decisions will impact on corporate profitability.
Highlights of this Oxford Management Centre training course:
The strategic and operational role of the finance function
The principles of accounting and financial reporting
How to understand and analyse financial reports?
How management accounting helps to maintain control and improve efficiency?
How to ensure that investment returns meet the stockholders’ expectations?
Having completed this Finance for Non-Finance Professionals training course, you should be able to:
Explain the nature and role of financial statements and their interpretation
Use the language of accounting and finance to communicate effectively with financial professionals
Review the financial performance and financial position of an organisation using the appropriate financial ratios and break-even analysis techniques
Use budgetary control to compare actual against planned performance and to identify corrective actions
Evaluate investment projects using DCF and other appraisal methods
This Oxford Management Centre training course will comprise a range of learning activities, including tutor presentations, with question and answer opportunities, demonstration and practice of analytical techniques, group exercises and discussions, using case studies and current company and market information sources. Whilst the theoretical background to financial management will be explained and justified, the main emphasis will be on putting these into a real-world context by providing a practical ‘toolkit’ of financial techniques.
What will your organisation gain from sending employees to attend this Finance for Non-Finance Professionals training course?
Greater awareness of the role of accounting and finance
Ability to understand the structure of accounting systems, and financial reports
Ability to make more effective and better-informed contributions to financial discussions
Ability to use tools and techniques for financial control and financial management
Greater understanding of the key drivers which ensure sustainable growth and competitiveness
Awareness of how business risks can be identified, analysed, and managed
Participants will be able to further develop their personal management skills by being:
More knowledgeable about accounting and finance systems, and the meaning of financial statements & reports
Better informed financially, to enable improved executive decision-making
Better able to contribute to financial discussion, and communicate in financial language
Better able to contribute to the effective financial management of their organisation
Able to evaluate alternative courses of action and identify the most effective choices with regard to the future improvement of their organisation
Able to liaise more effectively with departments on financial matters
Who should attend?
Sales and marketing executives
Any non-financial professionals who are required to read, interpret, and contribute to business financial reports
Senior professionals of manufacturing, marketing, engineering
Human Resources (HR) professionals
Executive professionals who are involved with development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances
Consultants who work with professionals and executives, to support improvements to operational and financial processes
The Business & Financial Environment
The business environment
The role of financial management
Developing a strategic financial plan
The role & purpose of financial & management accounting
Accounting conventions, policies & International Financial Reporting Standards (IFRS)
The executive’s role in corporate governance
Financial Statements & Financial Analysis for Executive Decision Making