2KNOW

Finance For Non-Financial Managers

We know that as an experienced non-financial manager or executive you have no desire to be an accountant or a number-cruncher however we know that you would like to advance your career and we know that this short intensive course will provide you with what you need 2Know:

• what the terminology really means
• how the figures in a profit and loss account, balance sheet and cash flow statement have been calculated
• how to interpret and evaluate the statements for decision-making purposes
• how to discuss financial issues with financial experts
• how to use internal financial reports
• how to analyse and compare the performance of your department or organisation

The 2Know approach incorporates a number of features which we know you will value:

• superb learning materials produced in collaboration with Pearson Education
• access to continuing after course on-line learning material
• 1-two-1 after course personal support available
• a pre-course questionnaire designed to ensure that we meet your specific knowledge needs
• a workshop approach where knowledge is shared
• the use of examples and case studies which integrate with knowledge from other functions such as strategic management, marketing and HRM
• public-sector and service-sector illustrations where appropriate
• use of articles, comment and data on-line from FT.com
• the opportunity for participation in presentation and discussion sessions
• the use of leading edge delivery including interactive tablet technology

Course Content

Day One

• Financial Terminology
  2Know what is meant by: Profit, Return on capital, Shareholder Value, Gearing
• Financial Statements
  2Understand a Profit and Loss Account, Balance Sheet and Cash Flow Statement
• Performance Measurement
  2Interpret and analyse financial statements
• Published Financial Statements
  2Analyse published financial statements and identify differences in accounting policies

Day Two

• Management Accounting
  2Know how management accounting information can assist you with your decision-making, pricing, monitoring and control
• Budgetary Planning and Control
  2Appreciate the benefits of budgeting and the principles of effective budgeting
• Capital Investment Appraisal
  2Understand and use: Payback, Net Present Value, Internal Rate of Return and Accounting Rate of Return

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