Money makes the world, and your organisation, go round. As a manager, the decisions you make will have a ripple effect on the financial performance of your organisation. Dealing with facts and figures may not be your thing, but when it comes down to it, it’s the bottom line that matters. Whether you’re financially inclined or not, as a manager, you need to have a firm grasp on financial terms and practices in order to manage your organisation optimally. This short but comprehensive course is designed to help managers understand how the decisions they make will affect the financial performance of their organisation.

You’ll unpack the jargon of finance and get a handle on a range of financial techniques you can use to improve your abilities as a manager. You’ll explore core financial pillars such as financial reporting, measuring financial performance, interpreting financial statements, cost management, cash management and budgeting – all geared towards helping you plan and control financial performance.

Many managers are experts in their own areas but haven’t really had the time to learn “Business Finance”. So CBI has put together the essentials that you need to cover, in a 3-day intensive practical programme “Business Finance for Non-Finance Managers”.

1. The importance of cash as an organisational resource and explain the difference between cash and profits.
2. The purpose of financial reporting statements and how to use them effectively
3. Financial measures to evaluate performance and make decisions on how to develop or adjust activities accordingly.
4. Key financial ratios that assist managers in performance assessment and apply this to your own organisation
5. Different types of costs and associated cost behaviours, and apply costing techniques in managerial decision-making
6. The budgeting process, the behavioural implications of budgeting and how budgeting can help managers to achieve their objectives
7. Basic investment appraisal techniques and the time value of money
8. Financial techniques, such as budgetary control, capital expenditure analysis ,planning, controlling and assessing performance in your area of managerial responsibility
9. Value for Money Analysis(VMA) for cost centres, head office units and SBUs
10. Using basic Microsoft Excel techniques to collate, analyse and manipulate data for budgeting and performance analysis purposes.

This business finance training is designed for Non-financial managers, supervisors and entrepreneurs in every functional area of responsibility in all industries, finance staff who need a refresher course incorporating current developments and newly appointment finance professionals requiring a crush program in practical corporate financial management. It is the right time to get up to date on “Business Finance”.

After taking this programme, you will have developed further your business finance skills and competencies and be able to:

• Get a better understanding of the numbers side of your job
• Learn how to “think finance” and translate performance into financial terms
• Develop proactive working relationships with finance professionals and increase your value to the organization
• Gain greater confidence with a working knowledge of business financials
• Understand the business dynamics of cash —and take initiatives that meet your short- and long-term goals
• Take the guesswork out of your decision making and use financial data to deliver a better bottom line
• Expand your professional expertise—and your career opportunities

During the programme you will:

• Network and learn from a diverse group of peers from different functions, companies and industries
• Develop a personal action plan to implement back at work
• Learn and practice finance skills using real life examples over 3 interactive days

A 3 day workshop style of training which is designed for professional and is hands on. A lot of practical work will be given to leaners. This comes with a certificate of proficiency at the end of the course.