Presentation Style: Tutor-led Classroom
Duration: 1 Days
Course Time: 09:30 - 16:30hrs
Course Location: Northampton
Cost: Closed Courses: £1750.00 for up to 12 delegates
Click a date to book: Call 01604 655900 for available dates

 

Target audience for the Finance for Non-Finance Managers/Directors Course: Delivered in our Northampton Training Suite or at Your Premises

This course is designed for non‑financial managers and team members who contribute to financial information for management accounts and directors. It builds practical understanding of how financial accounts are structured, including nominal codes, and how to read key statements such as the profit and loss account and balance sheet.

The course also explains how KPIs are used to monitor performance across a business. Delivered in a supportive environment, it builds confidence in discussing finance and concludes with a practical exercise to embed learning, making it an engaging and valuable experience for those from a non‑financial background

Course Content

  1. Terminology – making sense of financial language (this can be amended to take into account any industry specific terminology used within an organisation) used in day to day finance
  2. Financial Principles – how finance enables better business decision making.
  3. Reading and understanding management accounts:
    1. Profit & loss
    2. Balance Sheet
  4. Liquidity & Cashflow – importance to any business
  5. Performance and profitability
    1. Department’s impact on costs
    2. KPI’s

Business-Wide KPIs

        1. Overall Revenue Growth
        2. Net Profit Margin
        3. Customer Satisfaction Score
        4. Employee Retention Rate
        5. Average Fulfilment Time

Sales KPIs

        1. Sales Turnover (monthly/annual)
        2. Gross Margin (%)
        3. Customer Attrition Rate
        4. Average Total Order Value

Finance KPIs 

        1. Operating Cost Ratio
        2. Budget Variance (%)
        3. Accounts Receivable Turnover
        4. Expenditure Breakdown Accuracy (%)

Operations KPIs 

        1. Fleet Efficiency (miles per litre/cost per mile)
        2. On Time Delivery Rate (%)
        3. Budget Adherence (%)
        4. Employee Training Hours per head

6. Understanding Costs

    1. Importance of managing costs
    2. Fixed & Variable / Direct & indirect
    3. Breakeven

7. Budget Awareness

    1. Types of budgets
    2. Variances

8. EBITDA (a very brief overview)

9. Interactive group work putting into action the learnings of the day

Additional Information

  • Buffet lunch included and free parking (only for courses held at Paradise Training Centre)
  • Joining instructions will be sent prior to attending the course