Business Courses

Finance For Non-Finance Professionals (CGT)


Description

Knowing financials, especially concerning meeting financial objectives, is one of the essential skills in business.
You need to speak the language of finance if you want to succeed in business. Understanding the numbers in your business opens up a world of opportunity. Get a grip on the figures without needing a lengthy and expensive formal qualification.

As a non-financial professional, you need to quickly understand and distinguish good information from poor-quality information, otherwise, your decisions may adversely affect business performance – and your career prospects.

This course is designed with a practical view to finance. It’s suitable for professionals at all levels and entrepreneurs alike.

In this course you will learn:

How to understand and use financial statements
Including; profit and loss, balance sheets and cash flow forecasts
Budgeting and forecasting techniques to improve decision-making
How to use Key Performance Indicators (KPI’s) effectively
How to appraise an investment using financial techniques
The best way to develop a business plan


Syllabus:

Section 1: Introduction
▸ Unit 1.1 - Financial Information and Decision-making

Section 2: Using Financial Information for Business Planning and Control
▸ Unit 2.1 - Management Accounts
▸Unit 2.2 - Costs / Using Costs in Business Decisions
▸Unit 2.3 - Using Budgets
▸Unit 2.4 - Control Using Variance Analysis
▸Unit 2.5 - Section Plenary

Section 3: Key Performance Indicators (KPIs)
▸Unit 3.1 - The Usefulness of Business Key Performance Indicators (KPIs)
▸Unit 3.2 - How to Choose Key Performance Indicators (KPIs)
▸Unit 3.3 - How to Use KPIs
▸Unit 3.4 - KPIs in Practice
▸Unit 3.5 - Section Plenary

Section 4: Project Investment Appraisal
▸Unit 4.1 - Project Investment Appraisal
▸Unit 4.2 - Appraisal Methods and Risk
▸Unit 4.3 - Appraisal Methods and Inflation
▸Unit 4.4 - Comparing Appraisal Methods
▸Unit 4.5 - Section Plenary

Section 5: Building Your Business Case (Portfolio)
▸Unit 5.1 - Building a Business Case
▸Unit 5.2 - Identifying Your Resources
▸Unit 5.3 - Sales, Production and Pricing
▸Unit 5.4 - Financial Planning for Your Business Case
▸Unit 5.5 - Section & Course Plenary

Content
  • 1_Course_Introduction_Video
  • 2. Introducing Finance for Non-Financial Professionals
  • 3. Users and Their Financial Information Needs
  • 4. The Language of Finance, and Communicating with Accounts
  • 5. Glossary of Financial Terms (part I)
  • 6. Glossary of Financial Terms (part II)
  • 7. Cash Flow, Profitability and Business Drivers
  • 8. Section_1_Plenary_Video
  • 9. The Content and Format of the Management Accounts Package
  • 10. Analysing Management Accounts
  • 11. Business Costs and Decisions
  • 12. Making the Best Decisions with Relevant Costs
  • 13. Break-even Analysis: Calculating Minimum Sales Volume
  • 14. Costing Methods: Marginal Costing
  • 15. Product & Service Costs
  • 16. Cost Centres
  • 17. Income, Costs, Cash Planning and Control Using Budgets
  • 18. The Content and Format of a Sales Budget
  • 19. Master Budget: The Income & Expenditure (Operating) Statement
  • 20. Master Budget the Cash Flow Statement
  • 21. Master Budget: The Net Business Worth Statement
  • 22. Controlling the Efficiency of Production Or Service Costs
  • 23. Controlling Material Costs Used in Production
  • 24. Controlling Labour Costs During Production
  • 25. Controlling Fixed Overheads
  • 26. Controlling Production Variable Overheads
  • 27. Variance Control Using the Operating Statement
  • 28_Section_2_Plenary_Video
  • 29. The Usefulness of Business KPIs
  • 30. How To Choose KPIs
  • 31. How to Use Key Performance Indicators (KPIS)
  • 32. KPIS in Practice
  • 33_Section_3_Plenary_Video
  • 34. Why Project Investment Appraisal Is Essential
  • 35. Preliminary Steps to Gaining Project Investment Approval
  • 36. Alternatives to Investing Capital
  • 37. Risk & Appraising Investments Using the Payback Period
  • 38. Risk and Appraising Investments Using the Average Rate of Return
  • 39. The Effects of Inflation On Investment Appraisal
  • 40. Comparing Appraisal Methods
  • 41_Section_4_Plenary_Video
  • 42. Contents of Your Business Case
  • 43. Types of Funding Available
  • 44. Identifying Resources: Existing and New
  • 45. Sales Volume & Production Capacity
  • 46. Pricing Your Product or Service
  • 47. Financial Planning
  • 48. Income and Expenditure Forecast
  • 49. Cash Flow Forecast
  • 50. Balance Sheet Forecast
  • 51_Section_5_Plenary_Video
  • 52_Course_Plenary_Video
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever