Finance for Non-Finance Managers

How will I benefit?

You need to understand and manage the key drivers of financial performance including intangibles
You are responsible for creating project budgets
You manage budgets and are required to identify and address risks that may impact financial performance
You must balance long and short-term objectives and financial performance

Core Finance
Understanding the financial statements
How our decisions affect the financial statements
Opex v Capex – which is best?
The flow of cash within an organisation and why ‘cash is king’
What the accounts don’t show – and why non-financial measures are critical for financial success
Key Financial Indicators and the drivers of financial performance
Determining which metrics matter
- profitability : margin and ROI
- liquidity : cash flow and working capital
- financial status : the impact of borrowing
The limits and dangers of KFIs
The need to complement KFIs with KPIs – a more ‘Balanced Scorecard’
Understanding the link between non-financial performance drivers and financial outcomes
Planning, Budgeting and What-ifs
Identifying the key drivers
Scenario and what-if analysis
Visualising results
Interpreting and applying insights
Considering different approaches to budgeting
Financial forecasting and developing forecasts and sensitivity (what-if) models
Value Management – managing for the long-term
Risk and time
Justifying investment in intangibles – relationships, systems, skills, brand etc
Developing business cases
- payback period / net present value / internal rate of return