Finance for Non Finance Managers

10May2017
12May2017

From 10 a.m until 4 p.m

At Suite J231/250 Road 5, Opposite Stanbic Bank, Ikota Complex VGC Ajah

This training is designed for modern managers, executives and business owners who need to understand the financial implications of their day to day decisions and the impact they have on the business. It is also important that they have a solid grasp of basic financial awareness in order to agree and manage budgets effectively and appreciate core finance principles.

The training will help participants to understand financial concepts and the terminology used. The materials will also enable them to interpret financial reports, write and understand budgets and use the information to help improve the business success.

AN OVERVIEW OF COURSE CONTENT

An Introduction to Finance Basics – Helping participants appreciate how their role as manager influences and affects finance within the organisation

Understanding Financial Terms – Addressing the barriers of financial jargon in order to ensure participants feel included in discussions around finance

Financial Statements – Providing participants with an understanding of the five accounting groups and introducing them to the three key financial statements

The Profit & Loss Statement (Income Statement) – A walkthrough of this statement with a focus on net profit and gross profit and why they are important

The Balance Sheet – Asking participants to review the balance sheet to identify what it does and does not tell them whilst ensuring they understand capital, assets and liabilities and the accounting equation

Cash Flow – Identifying what cash flow is, why it’s important and how the cash flow cycle works

The Cash Flow Statement – Understanding how to interpret a cash flow statement, who it’s important to and the categories within it (operating, investing, financing)

Working with Budgets – Helping participants to identify what a budget is and why it’s important to the organisation and the participant as manager

Budgets and the Operational Plan – Looking at the planning cycle, where the budget sits and its relationship with the operational plan

Writing a Budget – A look at budgeting methods, the different budgeting options, including variables, developing categories and defining budget line items

 

Budget Planning Practice – A practical activity that helps participants develop an effective budget plan

Monitoring the Budget – The importance of monitoring the budget, checking variables and making cash flow projections

Calculating and interpreting ratios-Analysing the financial statement with ratios

Objectives:

By the end of this Finance for Non-Financial Managers training course your 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

Plan, Implement and Monitor a Budget

Duration: 3 days

Fee: N100,000

Date: May 10-12

Fee Covers:

Pick up and drop off from and to designated locations

Lunch and certificate

Training manual

Make payment into the any of our Accounts

Account Number:  1014201920                                   Account Number:  0128488187

Account Name:      LeadHire Limited                         Account Name:      LeadHire Limited

Bank:                        Zenith                                              Bank:                        Guaranty Trust Bank

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Get in touch

  • Suite J231/252 Road 5, Ikota Complex VGC Ajah Lagos
  • info@leadhire.com.ng
  • 08139498477 08145312561