Finance for Non-Finance Managers


Finance for Non-Finance Managers: Financial Business Management Tools and Financial Business Concepts for managers and executives

Finance for Non-Finance Managers

Being successful within an increasingly complex and fast moving world, with flatter management structures, requires a firm grasp and an in depth understanding of a range of financial concepts and skills.

This course will provide the essential knowledge of those key financial management issues and concepts that are needed by successful Managers, Executives and Consultants in order to remain ahead of their competition. The completion of this course will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts. It will also provide a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills.

Attendees will become highly skilled at reading and understanding Balance Sheets and Profit & Loss Accounts. You will become more involved with all types of financial discussions within your organisation. You will be more confident and comfortable when communicating with financial managers, directors, investors, suppliers and key clients.

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Who should attend?

General Managers, Technical Managers and Personnel, Senior Executives, Department Heads, Sales Managers, Marketing Managers, Administration Managers, Purchasing Managers, IT Managers, Budget Holders, Production Managers, Facilities Managers/Directors, Site Managers, Property Managers, Advertising Managers, Media Managers, Medical Managers, Charity Heads, Charity Managers, Medical Services Managers, Communications Managers, Logistics Managers, and any other managers or executives interested in improving their financial skills and knowledge for the benefit of themselves and their organisation.

Course Content

  • Accounting and the Law
    • Accounting principles & policies (GAAP)
    • Terminology & Jargon
  • The Three Key Financial Statements
    • Balance Sheets: Assets; Liabilities; Net current assets, capital employed and how to interpret the information;
    • Profit & Loss Account, Types of profit, and Layout & use of the profit & loss account
    • Cash Flow Statements: Importance of cash flow and Impact of credit and credit control, Problems affecting cash flow, Dealing with Debtors and Creditors
  • Revenue and Capital Expenditure
    • What are Capital and Revenue Expenditure
    • Phasing of capital spend and its Implications for budget holders
  • Depreciation; Assets and liabilities
    • What is Depreciation?
    • The Different types and uses
  • Costing
    • Cost types & behaviours and their Impact on decisions
    • Break-even analysis
    • Direct and Indirect Costs: fixed, Mixed and variable costs
    • How costs are determined and predicting profit
    • How the cost structure can affect planning and decision making
    • Standard, actual costing and Activity Based Costing (ABC)
  • Preparing the Business Estimates
    • The limiting factors
    • How to predict sale revenues – different approaches
  • Forecasts and Budgets
    • The purpose of forecasts for the business
    • Budget objectives
    • Cascade objectives
    • Historic v zero based budgeting methods
    • Budgetary Control as a management tool
    • Variance analysis
  • Using Ratios to Support Investment Decisions
    • Return on Capital Employed (ROCE); Payback; Internal Rate of Return (IRR); Net Present Value of assets (NPV)
    • Investment decisions and Return on Investment (ROI); Cost of capital
    • Gearing, is the level of borrowing too risky?
    • Liquidity, could the company hit cash flow problems?
    • Profitability, how well is the company doing?

Learning Objectives

This one day course enables participants to understand better, the key attributes and approaches that underpin a strategic and tactical financial approach to management and help to develop the key skills and styles that will allow participants to be more effective when adopting and applying a decision making approach to management. Check out this Insider dealing regulation to know more.

Participants will receive helpful personal feedback from the course tutor on their strengths and development; enabling engagement in a process of continuous and thorough development.

By the end of this training course participants will be better able to:

  • Read, analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements
  • Understand and quantify the impact of the fundamental accounting concepts and the chosen policies upon any set of accounts
  • Recognise and understand the underlying impact of the generally accepted accounting principles and policies on any Balance Sheet and Profit & Loss Account
  • Understand the key differences between statutory published accounts and the internal monthly management accounts
  • Select the most appropriate method of costing for your organisation and to explain the impact of your choice
  • Analyse and make sound investment decisions based upon break even analysis and contribution analysis, with a good understanding of their relative strengths and weaknesses
  • Identify and discuss the key financial issues facing an organisation
  • Understand the wider commercial impact of any business decision and its interaction with non-financial aspects of the organisation, enabling you to make a better contribution to key discussions and decision making amongst managers and within the organisation
  • Understand the basics of budgets and the implementation of budgeting processes
  • Value any business using commonly used and widely accepted valuation techniques such as Net Asset Value, Enterprise Value and EBITDA
  • Communicate more effectively and easily with Finance Managers, and other Finance professionals; through an in depth understanding of financial terminology, management and evaluation techniques.

Course Leader

Philip Arnold FCA, FIC, CMC, BSc Hons, Chartered Director

Philip Arnold is an FCA, a Fellow of the Institute of Chartered Accountants of England and Wales, and a Chartered Director, the qualification awarded by the Institute of Directors.  He is a Fellow of the Institute of Consulting and sits on the Thames Valley Board of the Chartered Management Institute.

He has over 30 years of successful UK and International experience, including 7 years as the Finance Director and then the Chief Executive of a Plc, as well as 13 years with KPMG Management Consulting, IBM and Arthur Andersen.

He is on the Chartered Director Committee of the Institute of Directors, which determines what UK Board Directors should know in order to properly fulfil their role as a company director.  This committee helps to shape the Institute of Directors examination syllabus in the UK.  He has been closely involved in all aspects of the professional development of directors and managers within the UK, for the last 7 years.  In addition to professional development services, he provides consulting services in Strategy, Profits, Processes and New Equity funding.

His delivery style is dynamic, fun, approachable and highly engaging, enabling him to deliver a workshop that you will remember and enjoy, which will be very different from the stereotype. See his LinkedIn profile here: (

Delegate comments

‘Very useful for someone who already has a basic understanding of handling/reviewing accounts in a non-financial management value.’
Marketing & Sales Officer, Natural Cement Distribution

‘Comprehensive look at accounts, budgets and cash flows.’
Commercial Manager, Signpost Ltd

‘Found the day very interesting. Feel I have gained a better understanding of P & L and balance sheets. Trainer very knowledgeable’
Finance & Administration Manager, Engage Training

‘Very useful and thought provoking’
Managing Director, Engage Training

‘A good detailed introduction to those not involved in any finances of their business/organisations.’
Partner, Lodders Solicitors

‘Good information for overall view on finance.’
Finance Manager, Care Training East Midlands Ltd

Internal Staff Training and Development

This workshop, as with most of our good practice workshops, can be delivered on your premises. This approach is favoured by many of our clients as it provides a quality, value-for-money and highly effective route for staff development.

Running workshops internally, allows participants explore how key issues will impact on them and their organization and as a team begin to agree development action and priorities.

Even with groups as small as 6 costs per person costs for internal workshops are lower than attending our open events and savings increase further when delegate travel-time costs and convenience are factored in.

To find out more contact or call 01173 827 820

Certificates of Professional Development.

Formal Certificates of Development will be issued to participants who complete this course. These certificates detail the key learning aims of the training enabling participants to update their CPD records and logs accordingly. The workshop also allows time, during the day, for participants to reflect on and record their personal learning development and consider how to best apply the knowledge gained on return to work. This element of the programme is designed to maximise the benefits from attending and enables participants to make better review judgments when recording CPD activities.

Key Details

Duration: 1 day
Birmingham, Leeds, London, Manchester

£360.00 (ex VAT)

Book Now
To see course dates and to book your place now follow this link:
Course Registration
The fee includes lunch, refreshments and a copy of the course handbook

Attendance counts as 5.5 verifiable CPD hours of structured learning which count towards the requirements of most business focussed institutes, including the Institute of Directors, the Institute of Consulting, the Chartered Management Institute, the Institute of Chartered Accountants of England and Wales, the Chartered Institute of Personnel and Development and many others.  After successful completion of the course, you will receive an electronic Certificate confirming that you have successfully completed the course, detailing the outcomes and results.