To advance in today’s business environment, senior managers and executives require a good working knowledge of budgets, forecasts and overall financial management in order to set strategy, control costs and make the case for investment. They will also be held accountable for any financial errors or misconduct within their teams.
Whatever your business or technical specialism, having a sound grasp of finance empowers you to make more informed and confident strategic and operational decisions. Those with a strong financial understanding are also more likely to be involved in strategically important projects, facilitating career advancement as a Board Member, committee member or Trustee, or any role where scrutiny of budgets or contracts is required.
This course is designed to give any professional from a non-financial background the skills and confidence to add that critical financial dimension to all decision making.
On completion, you will be able to:
- Quickly and accurately read and interpret accounts, including forecasts, balance sheets and profit and loss reports
- Understand the difference between revenue, profit, cash flow, overhead and margin
- Use that knowledge to make better financial decisions and produce budgets and forecasts with confidence – practical classroom exercises bring this learning to life
- Make more informed choices about suppliers, contracts or tenders
- Effectively communicate financial performance to your management
- Present a business case for investment
- Essential accounting and financial concepts for non-financial managers
- Producing budgets, forecasts and financial plans with confidence
- Making astute financial decisions about suppliers, contracts or tenders
- Spotting financial errors or misconduct
All courses will be conducted entirely in English. A proficient level of both spoken and written English is required by all delegates so that they are able to fully benefit from the course and participate in our interactive style of training.