financial decision making for non-finance personnel

The Financial Decision Making for Non-Finance Personnel training course is designed specifically for non-finance employees, managers and other professionals. This course will provide a practical awareness of how finance works in an organisation.

Whereas many financial awareness courses focus on financial statements, this course takes an alternative approach. We focus on the techniques which are actually used to make financial decisions within an organisation.

COURSE AGENDA

  • Sources of business finance
  • Uses of business finance
  • What the finance department does
  • Key financial systems and controls
  • The value of management accounting
  • Pricing strategy
  • Understanding costs and their behaviour
  • The importance of ‘contribution’
  • Profit and output planning around the breakeven point
  • Budgeting basics
  • Budgeting and forecasting techniques
  • Cash flow forecasting
  • Monitoring budgets and managing variances
  • Alternatives to budgeting
  • Relevant costs for decision making
  • Understand the time value of money
  • Established ‘Investment Appraisal’ techniques
  • Financially sound business plans