Finance for Non-Finance Managers - Advanced

Finance for Non-Finance Managers - Advanced

This course is tailored for non-finance professionals who dont have a background in finance, but who want to develop a greater understanding of accounting basics. Suitable for managers at all levels. It will also develop skills gained through attending BPPs Finance for Non-Finance Managers - EssentialsOverviewThis course will build on the basics of accounting and progressive skills that can add commercial value in your career. It will cut through the jargon and help you work effectively with finance colleagues in your organisation, with use of worked examples and pro-active guidance to aid understanding rather than test prior knowledge.What will you learn?You will gain a deeper understanding of the key principles, rather than testing prior knowledge across the followingThe key concepts that underpin accounting, including the &matching or &accruals principle and why this means cash and profit are typically differentAppreciation of the need to plan ahead and have control systems through corporate plans, budgets and forecastsAn understanding, and calculation, of the key ratios used by management and analysts to interpret a set of accounts. These ratios include profit margins, return on capital employed (ROCE/ROA), asset turnover, stock/inventory days, debtor/receivable days (days sales outstanding or DSO), creditor/payable days, gearing and interest cover. Alternative measures of profitability are considered including the widely used EBITDA (earnings before interest, tax, depreciation and amortization)A presenter-led example of double entry bookkeeping using debits and credits. The objective is for delegates to understand the concepts and terminology, and the process by which the majority of companies worldwide prepare their accounts. It is not expected that delegates will become proficient in double entry bookkeeping (this is more the focus of the four-day course &Introduction to accounting)A walk through some of the key aspects of published accounts (an actual report and accounts is used as a reference point). This allows an overview and explanation of some of the terminology used in accounting that covers concepts such as accruals, prepayments, depreciation, amortisation, debtors/receivables, creditors/payables, stock/inventory, bad debts, stock/inventory write downs, fixed/non-current assets, and capital expenditureA review of the profit and loss account (the income statement), the balance sheet (the statement of financial position) and the cash flow statement (the statement of cash flows). This includes an appreciation of how these three &primary statements interact with each otherReference will be made throughout the course to the judgements required in preparing a set of accounts & and the associated risk of the manipulation of profitsHow does this course help your career?Develop a greater understanding of:How to read and draw conclusions from a balance sheet and a profit and loss accountHow to assess the accounts of a business in terms of profitability, solvency and risk