Our finance training helps managers contribute directly to the financial health of your organization. We emphasize commercial thinking in our training as well as developing knowledge of balance sheets, profit & loss accounts and cash flow. Non-financial managers learn through interactive exercises the basics of finance and about the finance systems of their own company.
Our approach to finance training
We provide two levels of finance training. Level one is about getting the basics - cash flow, balance sheet and profit & loss. We realize that these can be a bit "boring" or a bit unpleasant to the non-numerical. Our style is to demystify these key aspects of finance, make the numerical side easier and help the programme be interesting and enjoyable.
Level two takes the fundamentals further by helping the participants use their own organization's documents, procedures and so on. The level two programme is custom-built to suit the client. The level one programme can also be more tailored to the client.
So our programmes do contain a little number crunching and financial jargon (Art classes involve painting; swimming involves getting wet). However, our programmes contain activity, group exercises, puzzles, quizzes, challenges and the interactive approach that makes learning enjoyable and memorable.
What people get out of our finance for non-financial manager training
LEVEL ONE - finance fundamentals
Participants learn about:
• The language of finance - including asset, liability, working capital, debtor, creditor, profit, cash, reserves, accruals, pre-payments etc.
• Cash flow management - including the forecast and the cash flow statement
• The balance sheet - what it tells you and doesn't tell you
• The profit and loss account - why the P&L is important
• The manager's role in managing finance including cost efficiency and managing budgets
This is not an awareness course. It's about starting to develop business acumen through developing knowledge and skills in the area of finance. Too often this area is neglected. We know it's not everybody's favourite subject but we don't treat it as a necessary evil. We treat it in a serious but enjoyable way so that managers are not scared.
Fine, they might not learn to love figures, but they will be better placed to use finance, to help the finance department and better understand what's behind the finance systems and practices.
We provide full course notes but these are for consumption before or after the programme. The experience is practical and interactive. It's very much a focus on learning financial skills through practice.
LEVEL TWO - using financial skills in your business
The level two training builds on the fundamental finance course and helps managers use the financial systems and information in their business. The focus is on commercial and financial expertise - acting and deciding in a way that makes the organization more financially fit and responsible.
It does not matter if you are a commercial company or not-for-profit, financial acumen is important for success. Competent managers benefit from developing financial competence. That's what our programmes are about.
So we focus on getting invoices out, tracking payment, debtor days, cash flow, cost reduction, cost efficiency, better budgeting, ratio analysis and so on. Remember that we cover these financial concepts in an applied fashion - using your accounting practices, documents and systems wherever possible. We also tailor the learning to the priorities of your business (if, for example, getting debtor days down is a priority, we'll emphasize that).
How long does it take to do the two levels of finance training?
Typically the level one and level two courses are three days in total. Because we aim to be flexible to your needs, it might be the level one course is two days or it might be the level two is a two-day event.
We design our programmes to suit you. Sometimes we issue pre-work and post-work, sometimes the participants have a finance project to complete that leads to measurable improvements in the workplace and so on. It depends what you want and how best to deliver it.
We endeavour to design the programme to give financial savings and improvements as part of the learning experience (which makes good financial sense!).
If you would like to discuss anything about this training, or other support we can offer, please click on the link below.
Click HERE to go to our page on management development.