Finance for the Non-Financial ManagerCity University London
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- Short course
- Islington (Inghilterra)
Cosa impari in questo corso?
Basic IT training
Skills and Training
- Understand the basic principles, terminology and building blocks of financial control;
- Understand the main financial statements, how they relate to one another and how they can be manipulated as useful management data;
- Appreciate budgeting as a planning and control too;
- Recognise different types of cost and how costs can be controlled;
- Differentiate between cash flow, profit and net worth;
- Appreciate the financial implications of plans and decisions.
What, Why and How
Competitive Advantage needs;
Performance & Outlook health check;
Easyjet - (Home work).
How they link up (Trace example in classroom). CLASS 3 Profit and Loss, Balance Sheet, Cash Flow
Understanding messages from figures;
Jeanette's Café (Exercise - Home work);
An Excel Model is given to participants to keep and use.
Costs and types
Pricing, quantity, margins and mix;
Fixed and variable costs; Break even (Classroom Exercise);
Use of different costing systems ABC/ABM, Kanban/Kaizan/Six Sigma
What, why and how;
Fill in a return (Classroom Exercise).
Managing Capital and Gearing
Funding What, why and how;
Use of Excel Model (Classroom Exercise) and a model given to keep and use;
Efficient capital management;
Risk, inflation and reward factors;
Sources of finance and Factors influencing cost of finance (WACC). CLASS 6 Investment Returns and Risk
Errors and Fraud DCF/IRR/Payback/Risk (Classroom Exercise) and an Excel model given to keep and use;
Types, prevention and detection;
Internal control; Internal/external audit. CLASS 7 Budgets and Plans
Personal Tax The processes; Effectiveness;
Target setting and rewarding;
Calculate tax (Classroom Exercise);
Check your own tax (Home work) CLASS 8 Business Valuation
Project Evaluation Basis of valuation;
Use in buying and selling businesses;
aspects and use of a more complex Excel Model (Home work) and a model to keep and use. CLASS 9 Performance Measurement
Personal Investment Portfolio Financial and non-financial; Balancing scorecard;
Ratios and their relative importance;
Construction and risk balancing;
Hedging and hedge fund operations. CLASS 10 Revision Revise all topics covered before;
How to keep knowledge warm and add to learning in future.
Classroom discussion and feedback.
Teaching and Assessment
As the course is gradually built up from foundation knowledge in early sessions to applications in later classes students should ensure that they do not miss a class. At least 70% attendance is needed as a minimum. Classroom exercises and home work should be attempted as it reinforces learning when it is checked against answers provided later.