CASE STUDIES

Take a look at our case studies to see the wide range of different formats and blended solutions that we can apply to the learning, and our ability to create bespoke solutions covering almost any subject.

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FINANCE FOR NON-FINANCIAL MANAGERS (PROGRAMME)

Any manager who regularly needs to deal with budgets, management accounts, financial statements, or financial imperatives will benefit from this course. The full workshop programme described below could be structured over 3 days; the actual length of the workshop would be very dependent on the level of detail required. The programme would require adaptation of the materials and close collaboration with yourselves.

Please note however that any of the topics below could be used as stand-alone sessions or as the basis for a shorter workshop.

OBJECTIVES

At the end of this workshop programme, participants will be better able to:

® appreciate and understand the key financial concepts

® demonstrate financial planning and budgeting skills

® financially justify decisions made

® keep focused on the financial implications of the non-financial decisions made as a manager.

Full 3-day workshop programme

Introduction

Session 1: Accounting concepts

Assets and liabilities
Income and expenditure
Going concern
Consistency
Accruals
Prudence
The Nominal Ledger

Session 2: The basic financial statements

Balance sheet
Profit and Loss / Income and Expenditure Account
Cash- and funds-flow statements

Session 3: Budgeting

The budget cycle
Budgeting methods
Zero-based budgeting
Building up a budget picture
Review of the budget

Session 4: Management accounting

Definitions
Marginal costing
Variance analysis
Cash flows
Forecasting

Session 5: Decision-making

Defining constraints
Using financial information to support decisions
Opportunity costs
Incorporating non-financial information into decisions
Selling your proposals – ‘what-if’ scenarios

Session 6: Putting it all together

Case study

Action planning and summary

return to workshops