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Finance For Non-Financial Managers Using Excel

Finance and Administration

Finance For Non-Financial Managers Using Excel

Description

Two Day Workshop

FINANCE - THE LANGUAGE OF BUSINESS

Every organization needs to understand and work with finance
It is so ingrained in our way of life, that it really is a life skill. It is becoming a critical factor to career progress or life achievement, because all that gobble-de-gook is really important stuff, without which businesses will die or get swallowed up.

Of course financial managers are qualified to talk finance, but non-financial managers cannot survive in such a money sensitized world unless they acquire relevant financial literacy. It is needed in marketing, HR, projects, IT, small business, operations, engineering and professional practice.

Our Finance for Non-Financial Manager’s workshop is designed to achieve two objectives. 

  1. Improve delegates financial literacy and to expand their commercial understanding.
  2. Provide managers and decision-makers who do not possess a strong grounding in finance with an understanding of their organisations financial situation.

On completion of this workshop, delegates will be able to evaluate the four basic financial statements, construct and analyse a budget.  Assess the liquidity, efficiency, profitability and risk of the company using financial ratio analysis.

Modern day decision-makers are driven by the bottom-line
Everything reduces to numbers and employees must relate to finance and financial debates, or face extinction.

Introducing Finance for Non-Financial Managers Using Excel
Do you want to make a difference and remain relevant? Well then why not join us for our informative, two-day course. It is user-friendly, practical, relevant, and fun, but it will equip you to talk the talk, whilst giving you a good grounding in the underlying principles. We will help you make sense of it all.

Learn from basic, personal finances all the way up to business finance.

How to compile and read financial statements. 

Use your knowledge to contribute to the money making process. 

Please note: This course is structured around Microsoft Excel. All the activities are in Excel, including games, quizzes and practical case studies. The models we use are structured to maximize the fun of learning without bogging delegates down. However, the models will develop confidence in using Excel to format and present and use financial information.

Key Benefits of Attending/Outcomes

 

Learn the basic language of finance

 

Learn about the basic financial tools and what all the terminology means

 

Learn what drives the profits of business

 

Understand how to optimize profits

 

Grasp the balance between profitability and cash-flow

 

Manage your own environment more effectively

 

Be more relevant in your own specialization

 

Engage meaningfully in financial or business debates

 

Learn what matters in trying to defend business arguments

 

Command respect and authority in the context of your work

 

Relate more effectively with key stakeholders in business

 

Extend your career advancement potential.

Basic concepts and principles of finance

 

The history and context of finance

 

The real world of finance and how it develops from cigarette box level

 

Key financial principles and definitions

 

An introduction to the basic financial statements used in business

Trading for profit

 

This introduces the workings of the Income Statement and its role in business, including ways to use the basic principles in general management applications.

Balancing the books

 

This module will build an understanding of the net worth of a business, how money comes into a business, how it is used to create wealth and how balances relate to the income statement. It explores the underlying foundations of all business and the role of managers in optimizing the assets and liabilities of a firm.

Cash is King

 

It is not enough to make profits unless profits are converted to cash, the lifeblood of business. Cash is arguably more important than profit, though the two concepts are interrelated. We will look at the Cash-Flow statement, how it relates to the other statements, and how we manage cash.

The engine room

 

To help consolidate your understanding we will look at some of the basic principles and concepts of accounting and how they are used in financial reporting. We will also develop a full set of simple financial statements from some basic accounting data, to help learners integrate their overall understanding.

The mechanics of profit

 

   To cap your experience we will equip you to make high level evaluations of businesses and proposals, by exploring some basic evaluation techniques. We will also look at how profits are generated and how the components of profits are manipulated to optimize business performance. When done you will be able to talk turkey with most other managers

DETAILED WORKSHOP OUTLINE

  • The Language of Finance and Accounts
  • Understanding the Different Needs for Accounting  
  • Money in Terms its Value and the Application of Net Worth
  • Net Worth      
  • Discovering the Basic Elements of Accounting         
  • Accounting Jargon and Financial Terms        
  • Accounting Equation and its application - Ledger and General Journal       
  • GAAP and the Importance of Corporate Governance
  • The Income Statement          
  • How Profit is calculated?       
  • Measuring Profit with the Profit Equation    
  • Gross Profit    
  • Recording the Effects of Profit          
  • The Elements of Profit
  • The Balance Sheet     
  • The Purpose of the Balance Sheet     
  • Analysis of Assets and Liabilities       
  • Managing Working Capital   
  • Positioning the Cash Flow Statement
  • Determining Cash Flow from Profit  
  • Drawing up the Cash Flow Statement
  • Analysing the Financial Statements   
  • Analysing the Financial statements in order
  • The Important Principles of Analysis
  • Budgeting and Capital Expenditure
  • The Correct Perception of Budgeting
  • What is a budget?
  • How Does One Draw Up a Budget?
  • Requirements for Drawing up a
  • Budgeting for Capital Expenditure
  • Why Companies Invest
  • The Fundamental Profit Formula

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On-Site Workshops

  • All workshops are offered in-house at your offices to a minimum of 5 delegates
  • You provide the venue and refreshments, Front Foot supply all the workshop material – including laptops for computer-based training sessions

 Remote Workshops

  • All workshops are offered remotely to a minimum of 5 delegates
  • Front Foot supply all the electronic workshop material

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Workshop Dates