Finance for non-financial managers

Location: Innovation Centre

Date: 25th Jun 2008

Time: 09:30 am - 16:30 pm

Course Aims:
To build managers understanding of what they can practically do to influence profitability

Suitable for:
Those with budgets and profit & loss responsibility

Benefits of attending:
~ To introduce the principles of Accounting which must be followed, specifically - continuity, consistency & prudence
~ To consider the practical issues surrounding the 'balance sheet' and how they, as managers, can have a huge influence over the success and failure.
~ What practical actions we can take to make a positive contribution to controlling the costs and thus enhance the profits.

Outline of Programme:
~ What do we mean by finance?
~ What is the difference between Management accounting and financial accounting
~ What are the principles of accounting and why do they matter?
~ What are budgets?
~ Why have them and what do they mean for us as managers?
~What do we mean by costs and what are the different types of costs?
~ Just how much control do we as managers have over costs and how can we practically influence them?
~ What are the components of profit?
~ What is the cost of failure, including loss of customers?
~ Why can profitable organisations go bankrupt? What practical issues should we consider in this important issue?
~ Action Planning

Discount available for IC Members

Cost: £50

Contact: Sharon Fitz-Hugh 01424 205508

Email: Sharon.Fitzhugh@1066enterprise.co.uk