Finance
Finance for the non-financial manager
Course code:PD119
Date:10, 17 and 24 October 2013
Date:8, 15 and 22 May 2014
Trainer: Ian Glenister
Duration: three-days, 10.00am - 4.30pm
Fee: £525
Summary content
This course provides an overview of the financial process within an
organisation, and will enable the non financial manager to discover more of the
financial jigsaw and piece it together. The course is designed to engage and
involve participants through the use of a case study which is continually
revisited and developed throughout the three days in order to develop an
understanding of key financial data. Topics will include profit and loss
accounts, balance sheets, cash flow statements and operating budgets.
Course aims
- To outline the basic principles, terminology and building blocks of
financial control
- To provide an understanding of the main financial statements, how they
relate to one another and how they can be manipulated as useful management data
- To differentiate between cash flow, profit and net worth
- To impart an appreciation of budgeting as a planning and control tool
- To recognise different types of cost and how these can be controlled
- To create awareness of the financial implications of plans and decisions
Learning outcomes
By the end of the course it is expected that participants will:
- Demonstrate an understanding of the basic principles and terminology of
finance
- Demonstrate an understanding of the main financial statements, how they
relate to one another and how they can be manipulated to derive useful
management data
- Differentiate between cash flow, profit and net worth
- Appreciate budgeting as a planning and control tool
- Differentiate between different types of cost and how costs can be
controlled
- Appreciate the financial implications of plans and decisions
Learning and teaching methods
The course is designed to engage and involve participants through use of a
case study which is continually revisited and developed throughout the course,
in order to develop understanding of key financial data. Participants will share
in activities that explore issues such as; how money flows in and out; What does
the profit and loss account actually tell us? What does the balance sheet show?
How can financial ratios help us? How can we use this financial data to improve
our management decisions?
Additional elements that will be developed include understanding accounting
policies, presenting financial data to senior management, dealing with work in
progress and finished goods, debtors, overheads and break even analysis.
Session 1: Introductions/course outline Financial reporting: basic
principles, terminology and building blocks of financial reporting, detailed
analysis of profit and loss account, and balance Sheet, ratios. Participants
will be required to engage in: Group discussion and interaction; practical
exercises; case study
Session 2:Management accounting: cash flow, profit, net worth, costs, break
even, depreciation Participants will be requited to engage in: Group discussions
and interaction; practical exercises and a case study
Session 3:Management accounting: Budgeting and costing, depreciation
Participants will be required to engage in: Practical exercises; group
discussions; and a case study
Bibliography
Dyson, J.R. (2003) 6th Ed. Accounting for Non-Accounting Participants,
Pearson
Harrison, John (1989) Finance for the Non - financial Manager. Harper Collins,
ISBN: 072251901X
Siciliano, Gene (2002), Finance for the Non – financial Manager, McGraw Hill
Education, ISBN:0071413774
Fee
The course fee is £525, which includes refreshments and a buffet lunch.
Venue
Constable Building, University of Essex, Wivenhoe Park, Colchester CO4 3SQ
How to apply