Finance for Non Finance

Topics: Income statement, Financial statements, Finance Pages: 2 (391 words) Published: September 16, 2013
FINANCE FOR NON-FINANCIAL PERSONNEL

Specialist Program Area
Knowing how to read financial statements will be invaluable throughout your career, in analyzing business opportunities, assessing financial risks, and communicating your ideas to others. Accounting & Finance for Non-Financial Personnel teaches how financial data is generated and reported, as well as how it is used for decision making and analysis.

Program Overview
Finance for Non-Financial Personnel will help participants to understand financial concepts and the terminology used. It will enable them to translate financial reports, write and understand budgets and use the information to help improve their success as a manager. The finance course covers the core financial statements and provides important experience and practical examples in the following areas: * An Introduction to Finance Basics

* Understanding Financial Terms
* Walk through Financial Statements (Profit & Loss Statement, The Balance Sheet and Cashflow Statement) * Difference between Cash and Accrual Accounting
* How to perform Breakeven Analysis
* Concepts of Budgeting and how to prepare and monitor a Budget

Objectives
By the end of this Finance for Non-Financial Personnel training course participants will be able to: * Explain their impact on organisational finances and interpret key facts * Understand financial terms and confidently discuss issues that affect company finance * Interpret the three key financial statements - Profit & Loss, Balance Sheets and Cash Flow * Understand the concept of breakeven

* Plan, Implement and Monitor a Budget
Course Timetable
Day 1
09:30 - 10:00 Coffee & Course Objectives
10:00 - 10:30 Understanding The Role of Finance Department
10:30 - 11:00 Financial Terminology De-mystified
11:00 - 11:15 Coffee break
11:15 - 12:00 Cash v Accruals Accounting
12:00 – 12.30 Understanding the Financial Reports (Overview) 12:30 -...
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