Finance for Non-Finance Managers

Introduction

• Setting the context
• Personal objectives
• Learning outcomes

Introduction to Accounting Principles

• What is accounting?
• The importance of counting beans
• Your relationship with the Finance team
• Financial and management accounting
• The chart of accounts
• The accounting equation
• The double-entry bookkeeping system
• Accrual and cash-based accounting

Financial Statements

• The life cycle of a company
• Tracking an organisation’s performance
• The balance sheet
• The income statement
• The cash flow statement
• Working capital management

Critical Performance Factors

• Critical performance factors
• Key performance drivers

Planning and the Financial Planning Process

• The financial management process
• Why take time to plan?
• Strategic and operational planning
• Financial tools for telling the future
• Budgeting
• Forecasting

Implementing Financial Management Plans

• Implementing the budget
• Using available resources and systems
• Cost behaviours
• The impact of cost control on profitability

Monitoring and Controlling Finances

• Reporting financial performance
• Monitoring expenditure and costs
• Financial control
• Contingency planning

Review and Evaluate Financial Practices

• Steps to review and evaluate
• Enhancing company value
• Continuous improvement

Glossary

• Glossary of financial terms

In Action

• Planning to apply the skills and knowledge back at work
• References and further reading