Finance for Non Financial Managers In House COURSE BROCHURE Course Duration: 2 Days Up to 10 delegates per course Price: 2995 + VAT per course Approved by the Institute of Leadership and Management Call: 0800 458 3246 E-mail: info@adelphi-associates.co.uk Visit: www.adelphi-associates.co.uk
2 Contents Is this course right for your team? 2 ILM Approval 2 Aims 3 Prices 3 Course Modules 4 Session 1 - Business Finance Introduction 4 Session 2 - Cash flow, public accounts and budgeting 4 Session 3 - Business Proposals & Forecasting 5 Session 4 - What to look for in a business 5 Keeping in touch after the course 6 IS THIS COURSE RIGHT FOR YOUR TEAM? Our Finance course will de-mystify the world of finance - The course is ideal for: y Any manager or professional who needs an initial introduction to finance to carry out their role. y Anyone who wants a refresher on important financial principles ILM APPROVAL This two day course is approved and monitored by the Institute of Leadership and Management. The ILM are the largest UK provider of management awards and qualifications and are part of the City and Guilds group. On attending the course delegates can receive an ILM Certificate and a six month trial membership of the ILM. There is an additional fee of 48.00 + VAT per delegate for this entirely optional package.
3 AIMS Sound finance is essential to every business. However, it s easy to feel excluded by the jargon and mystique surrounding finance. Balance sheets, cash flow, profit and loss, variances and budgets are discussed frequently in business - Unfortunately, they are often not fully understood. This course opens up the world of finance. After attendance delegates will feel better equipped to talk to finance specialists and influence the financial success of the organisation. Delegates will learn... y The aims and benefits of financial monitoring and reporting y The meaning of important financial jargon y How to read and interpret company accounts y What to look for in profit and loss accounts and balance sheets PRICES INCLUDE... The above prices include all our travel, accommodation and any other incidental costs. Also included in the price: Detailed pre course discussions For all in-house courses, we will want to discuss your needs in detail. We will arrange this via an on-site visit, extended phone conversation or webinar session. Detailed pre-course discussions for ALL courses y The difference between cash and profit y How to measure and manage a business using key performance ratios y What to include in a budget y How to prepare a forecast y What to include in a business proposal involving expenditure In house training - Ideal for 4 to 10 delegates Pre course questionnaires We send all delegates a pre course questionnaire, so we can understand their individual needs and objectives. Course tailoring We use your training objectives and delegate questionnaire responses to produce a tailored training programme that is unique to you and that fits the needs of your delegates and your business. Comprehensive course materials At the course delegates receive the following to take away with them: y Full colour copy of slides y A workbook of course exercises PRICES The price for a UK based course is 2995 + VAT, for a two day Finance for Non Financial Managers for a maximum of ten delegates. Post course support We provide six months post course e-mail / telephone support from our expert team. We provide this course worldwide - Please contact us for prices for non-uk courses.
4 Course Modules DAY 1 SESSION 1 - BUSINESS FINANCE INTRODUCTION We introduce the basic building blocks of company finance and use examples directly relevant to delegates wherever possible. Topics in this session include : Terminology and Principles y Financial objectives y The difference between statutory and management accounts y Origin of accounting standards y Some financial jargon y Practical accounting principles for your business Profit & Loss COURSE STRUCTURE This two day on-site course includes lots of interaction and opportunity to practice. There are practical exercises throughout the course, which will help delegates to apply the techniques they have learned. Profits are the lifeblood of any business, making this section particularly important! It covers: y What constitutes turnover y Cost of sales y Managing fixed and variable costs y Cash and accrual accounting y VAT and where it fits in Balance Sheet Balance sheets provide a snapshot of the businesses financial strength. This section covers: y Assets and liabilities y Fixed and current assets SESSION 2 - CASH FLOW, PUBLIC ACCOUNTS AND BUDGETING In this module we: y Help delegates understand why cash-flow is important to a business y Look at the difference between accounting in a large public company compared to smaller businesses. y Introduce budgeting which is important in making sure a business is profitable. Sections include: Cash Flow Although profit is very important, for many businesses, cash is king! This section covers: y The importance of cash flow y The cash flow statement y UK Reporting Requirements y How cash flow links back to recorded profit y Free cash flow - Is there enough!? y Limitations of cash flow statements y How to survive when cash is running out Private versus public accounts y Sole trader, partnership and Limited Company accounts - Which is best? y Public Company, Large company and Stock Exchange requirements Budgeting y Aim of budgeting y The budget cycle (Plan, implement, monitor re-plan etc.) y Budget Planning y Incremental & Zero Based Budgeting - Which to use? y The human side to budgets, It s people that can ensure the process works y Budget monitoring & variances y Balance Sheet Structure y Impact on balance sheet from changes in the business y Depreciation & Amortisation
DAY 2 SESSION 3 - BUSINESS PROPOSALS & FORECASTING We ll show delegates how to review the financing of a business project in order to see what projects are winners for the business. We ll also help delegates assess how to increase the profits from a business project - the results are often surprising! Topics include: y Assessing a business proposition; what to look out for. y Marketing issues y Finance issues: y Return on investment y Break even analysis The payback period y Discounted cash flow y Risk and uncertainty y Sensitivity analysis: A stress test for business plans: y Sales volume y Sales pricing y Material costs (e.g. lower grade paper) y Manpower overheads y What-if analysis y Is the investment feasible? - The plan may look good, but is the money available? y Spreadsheet software and how it helps. y Key ratios Funding Structure y Terms used as part of ratio calculations y Capital employed, net worth, working capital, profit before and after tax y Key ratios in detail Underlying Operation y Return on Equity, Return on Total Assets y Profit Margin, Sales to Fixed Assets, Sales to Stocks, Sales to Debtors y Key ratios in detail Funding Structure y Liquidity - Current ratio, Quick ratio, Working capital to sales y Financial Strength - Debt to Equity 5 SESSION 4 - WHAT TO LOOK FOR IN A BUSINESS We ll show delegates how to critically examine the finances of a complete business. Delegates will be introduced to the methods used by banks and investment analysts to understand the financial strength of a business. They will also apply these methods using real-life case studies to compare different businesses. Topics: include y What are the key financial issues? y Underlying Operation y Funding Structure y Key ratios Underlying Operation
KEEPING IN TOUCH AFTER THE COURSE 6 We provide six month s support for all delegates. We encourage all delegates to contact us or send training material for review and feedback. In addition you can keep in touch in many other ways: Blog: We regularly update our blog with interesting and relevant documents. If you want to add your own blog article or post, let us know! Go to www.adelphi-associates.co.uk/info. Twitter: @AdelphiTraining. You ll get news about training, details of special offers and the occasional irreverent comment! LinkedIn: Extend your range of contacts by linking up with us (http://linkd.in/wowtpd) Google+: Keep up to date with everything at Adelphi and add your comments to posts (http://bit.ly/yhnrfz) ADELPHI ASSOCIATES Elm House South Newington Oxon OX15 4JW 0800-458-3246 www.adelphi-associates.co.uk info@adelphi-associates.co.uk