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Course overview
Our Finance skills for non-financial managers training is a finance course that uses plain English to demystify financial accounts, providing you with a clear understanding of business finance.
This course teaches finance for non-finance managers and covers a range of tools and concepts to help you understand your organisation’s finances and give you the confidence to make financial judgements.
You will leave with a thorough grounding in finance and how it works; enabling you to understand the financial implications of your business decisions. This is finance training at its best – clear, informative, practical and fun!
Course fees:
- £1091 plus VAT not-for-profit price (applies to charities and all other not-for-profit organisations, including public sector and housing)
- £1224 plus VAT standard price (applies to all other organisations)
What you'll learn
You will be able to interpret your organisation’s financial documents and how your budget fits in. You will be able to analyse your accounts, enabling you to make informed business decisions.
Our Finance for non-financial managers training will give you an understanding of basic financial tools as well as some useful spreadsheets to take away. You will come away more confident and able to communicate on equal terms with financial professionals including your treasurer, finance officer or accountant.
Study method
- In-class
- Online
- Blended
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Duration study load
- 2 days
Pathways
- Moving into management
- Project management
Who's it for?
This course is for managers, board members and budget holders across all sectors who need to know about organisational finance to help improve the profitability and performance of their business. Finance for non-financial managers is suitable for people who have little or no knowledge of finance.
The centre works with people from all sectors including the public sector, voluntary sector, corporate sector and private sector.
We also offer bespoke group training for 3-12 individuals from one organisation. If you would like to explore this option, please get in touch for a quote.
Subjects
- profit and loss accounts and how to understand them
- reading an income and expenditure account and analysing the finance flows within your organisation
- cash and accruals accounting showing how each is used
- terminology associated with income and expenditure accounting
- communicating effectively with finance professionals
- analysing trends in financial flows and formulating appropriate questions
- reading a balance sheet and analysing the financial position of the organisation
- how an asset register is used
- analysing your accounts
- constructing a cash flow statement from narrative information
- the different rules for charity accounting under the Charity SORP and the presentation of company and housing association accounts
- the budgeting process
- how budgeting relates to strategic objectives and good governance
- constructing a budget
- estimating costs and income accurately for budget purposes
- using management accounts to understand the past and forecast the future
- cost centres – understanding how they are used in your organisation
- nominal, purchase and sales ledgers
- using benchmarking in constructing a budget
- distinguishing between fixed and variable costs
- using the concepts of break-even pricing
- a template to forecast the effects of changing costs, sales volume and price
- evaluating opportunity costs
- a year of free support
About Itec Skills and Employment
Itec has been a leading provider of work-based learning programmes for 40 years. As part of the ongoing strategy to place our people at the centre of the business and preserve the company as an independent organisation, Itec Training Solutions Holdings Limited became an employee-owned company in February 2019. We are proud to be the first Welsh independent training provider to become employee-owned, with 100% of the business now owned by our employee-owners.
We are one of the largest and most vocationally diverse work-based learning providers. In Wales holding Welsh Government contracts to deliver Apprenticeships and Jobs Growth Wales Plus (JGW+). In England we hold ESFA contracts to deliver Apprenticeships.
In 2014, we acquired The Centre for Strategy and Communication to support the strategic goal to diversify the business, offering commercial training to individuals and employers throughout the UK and worldwide. In 2021 we merged our Company’s (Itec Training Solutions Limited and Centre for Strategy and Communication), this merger was to enable the business to align and strengthen our brand.
Every day we transform people’s lives by helping them believe in themselves, become more motivated, helping them find employment, progress their careers, acquire new qualifications and skills, or set up in business. We support high-growth organisations to innovate and grow. Helping organisations in the private, public, and charity sectors to support priority and high-growth sectors to achieve their outcomes.
Our ethos is simple. We help individuals start and progress their careers by matching their skills with those of local employers. We ensure our programmes are meaningful, effective, valued, and sustainable to both individuals and employers.
We also offer Deep Dive Webinars on the Worker Protection Act 2024 and Employment Law Changes 2024. Please do enquire about dates and pricing.
